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
China has launched a crackdown on illicit money flows to Macau as part of efforts to combat money laundering and corruption, the South China Morning Post reported.
The mainland’s Ministry of Public Security held a meeting with Macau regulators last month to address criminal activities related to the use of mainland bank cards and point-of-sale terminals in Macau.… Continue Reading
Monday’s $772 million DOJ enforcement action against Alstom SA and several subsidiaries landed second on our list of the top ten FCPA cases of all time.
The addition of Paris-based Alstom means three of the top ten FCPA cases now involve French companies.… Continue Reading
Image courtesy of Smith & OuzmanSmith and Ouzman Ltd and two of its executives were convicted Monday in London’s Southwark Crown Court after a Serious Fraud Office prosecution of corrupt payments to win business for the company.… Continue Reading
Thomas Kwok (Image courtesy of Asia One)The former co-chairman of Hong Kong’s biggest real estate developer Sun Hung Kai Properties Ltd was sentenced to five years in jail Tuesday after his conviction Friday for bribery.… Continue Reading
Alstom Chief Executive Officer Patrick Kron (Image courtesy of Alstom)Paris-based Alstom pleaded guilty Monday to bribing officials in Indonesia, Saudi Arabia, Egypt, and the Bahamas. It will pay $772 million in criminal penalties to settle the charges, the DOJ said.… Continue Reading
A federal judge in Manhattan Friday authorized the Internal Revenue Service to issue summonses requiring Federal Express Corporation, DHL Express, United Parcel Service, Inc. and others to produce information about U.S.… Continue Reading
Shareholders accused Wal-Mart Stores Inc. in a Delaware court filing Thursday of failing to comply with a court order to produce files from an internal FCPA investigation of alleged bribery in Mexico.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) imposed a $1 million civil penalty against the former chief compliance officer for MoneyGram International Inc.
Thomas E. Haider failed to ensure that his company complied with the anti-money laundering (AML) provisions of the Bank Secrecy Act, FinCEN said.… Continue Reading
When I travel to Moscow I stay in the Arbat. It is quiet, clean and close to my office, so I mostly avoid the horrendous traffic.
It bills itself as luxurious but the owners don’t quite get it right.… Continue Reading
Kwok Ping-kwong, ThomasThomas Kwok, one of Asia’s richest men, was convicted Friday of conspiring to bribe Hong Kong’s former number two official.
The nine-member jury deliberated five days after a four-month trial.… Continue Reading
Jeffrey Beasley (Image courtesy of WXYZ.com)The former treasurer of the City of Detroit and two former pension officials were convicted by a federal jury of conspiring to defraud retirees through bribery and kickbacks.… Continue Reading
A former Countrywide Financial vice president who filed a False Claims Act lawsuit alleging fraudulent mortgage and securities practices is collecting $57 million from Bank of America’s $16.65 billion federal penalty.… Continue Reading
