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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Do you believe in compliance miracles?

Five short years ago, the idea that any serious discussion about global enforcement trends would have to include news from China and India would have been laughable. Those countries stood not for enforcement but for uncontrolled and unpunished graft.… Continue Reading

SEC drops some charges against former Magyar Telekom execs

The Wall Street Journal’s Joel Schectman reported Monday that the SEC is dropping allegations that former executives of the Hungarian unit of Deutsche Telekom bribed officials in Montenegro.

Former Magyar Telekom CEO Elek Straub and two former senior executives, Andras Balogh and Tamas Morval, were accused of bribing Montenegrin officials in 2005 when Magyar gained a controlling interest in privatized Telekom Crne Gore A.D.… Continue Reading

Wison Engineering says chairman arrested on bribery charges

Hua Bangsong, Courtesy of NTDTV.com, via YouTubeShanghai-based Wison Engineering Services Co. said Friday that its chairman was arrested by Chinese police for “alleged bribery activity.”

After the Chinese oil-engineering provider was informed of Chairman Hua Bangsong’s arrest through his family, the company issued a statement to the Hong Kong Stock Exchange.… Continue Reading

U.S. probes two French banks for possible sanctions, AML violations

French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.

The U.S. Treasury and Justice Departments, the Manhattan district attorney’s office and the New York Department of Financial Services are conducting the investigations, the Wall Street Journal reported on Friday.… Continue Reading

European Commission issues draft conflict minerals rule

Image courtesy of Global Witness via YouTubeThe European Commission issued a draft regulation on conflict minerals Wednesday, outlining a voluntary self-reporting system that’s not limited to central Africa.

The draft regulation (available here in pdf) focuses on the “upstream” portion of a company’s supply chain — that closest to the source of the minerals — and only targets companies that import conflict minerals into the EU.… Continue Reading

Orange County woman jailed for stealing nuns’ retirement money

Image courtesy of the Religious of Jesus and MaryAn Irvine, California woman was sentenced Friday to 37 months in federal prison for defrauding a group of Roman Catholic Sisters out of $285,000, which she spent on herself  after promising to use the money to help the nuns buy a retirement home.… Continue Reading