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
Job Title: Compliance Advisor, U.S. Sanctions & Anti-Corruption Programs
Employer: Fidelity Investments
Location: Boston, Massachusetts (USA)
Description
This position is part of a team within Fidelity’s Corporate Compliance group that provides firm-wide oversight of Fidelity’s U.S.… Continue Reading
Two owners of IT services companies were sentenced to prison Wednesday for bribing the former chief administrative officer of the Detroit Public Library in exchange for contracts.
James Henley, 44, of Detroit, and Ricardo Hearn, 32, of Royal Oak, Michigan, were sentenced to 27 months and 28 months respectively.… Continue Reading
Shao Juntao, general manager of the No.1 branch of Guangxi Longlin-Baise Expressway Development Co Ltd, was sentenced to 14 years in prison for receiving $981,274 in bribes and offering half of them to Liao Xiaobo, vice-director of the Development and Reform Commission in Guangxi region.… Continue Reading
The DOJ said last week it collected $1.86 billion in criminal fines and penalties from antitrust prosecutions during the fiscal year that ended September 30, 2014.
Five companies paid penalties of more than $100 million each, including a $425 million criminal fine levied against Bridgestone Corp.,… Continue Reading
The English civil law remedies arising from a contract that is subsequently infected by bribery were recently the subject of consideration in the case of Tigris International NV v China Southern Airlines Company Ltd & Anor [2014] EWCA Civ 1649 (17 December 2014) [paragraphs 128-145].… Continue Reading
The Federal Deposit Insurance Corporation (FDIC) issued guidance Wednesday encouraging its insured banks to take a risk-based approach in assessing individual customer relationships.
The FDIC said in its Financial Institution Letter that looking at risk on a case-by-case basis is better than declining to provide banking services to entire categories of customers.… Continue Reading
Here’s a statement that Cobalt released Wednesday:
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Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it has received a termination letter from the United States Securities and Exchange Commission (“SEC”) advising Cobalt that the SEC’s FCPA investigation relating to Cobalt’s operations in Angola has concluded and that the Staff does not intend to recommend any enforcement action by the SEC.… Continue Reading
We recently issued a client alert on new rules Russia issued for branches and representative offices of foreign companies. We thought the client alert would be of interest to readers of the FCPA Blog as it creates significant new registration requirements for foreign businesses operating in Russia. … Continue Reading
Bank of New York Mellon Corp. said the SEC has recommended an enforcement action for possible FCPA violations related to the bank’s dealings with sovereign wealth funds.
In an SEC filing Friday, BNY said it received a so-called Wells Notice in the fourth quarter of 2014, and some current and former employees had received the same notice in the third quarter.… Continue Reading
This post continues from Part One: Vicarious Liability and Part Two: A Flock of Foreign Officials.
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Third party agents, rather than direct employees, cause many FCPA violations.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) assessed a $20 million civil penalty against Oppenheimer & Co., Inc. for “willfully violating” the Bank Secrecy Act.
Oppenheimer is a securities broker–dealer based in New York.… Continue Reading
Image courtesy of the VaticanMany business organizations today, despite decades of research and findings to the contrary, don’t understand the benefits of emotional intelligence (the soft skills). They don’t get it that when leaders connect better with employees, and employees connect better with each other, there are big performance and ethical improvements.… Continue Reading
