News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
As Mike Scher said last week on the FCPA Blog, there are honest, decent people everywhere who want to do business the right way. And thank you Mike, for rightly calling business that depends on bribery an out of date practice that doesn’t serve anybody.… Continue Reading
I’ve read the back-and-forth posts on the FCPA Blog about Colombia with great interest. In addition to teaching me something new, the discussion inspired me to promote another country that rarely makes it to the top of the foreign direct investment list — Belarus.… Continue Reading
Greek authorities said Monday they indicted 64 people for bribery involving Siemens AG from 1992 to 2006 related to communications company Hellenic Telecommunications (OTE).
An investigation found that Greece lost about $75 million from equipment sales by Siemens to OTE.… Continue Reading
Joe Murphy recently talked in a post on the FCPA Blog about antitrust concerns under U.S. law for competitors who band together to fight corruption. I’d like to explain how and why the antitrust issue can be mitigated.… Continue Reading
One of my favorite virtual friends is Dr. Andrea Bonime-Blanc, the CEO and founder of GEC Risk Advisory LLC. While her career and current consulting is wide-ranging, I want to focus on her recent book, The Reputation Risk Handbook, which should be read by any compliance practitioner, senior executive or board member.… Continue Reading
In our recent report, Trends and Developments in Anti-Corruption Enforcement, we analyze major anti-corruption resolutions in 2014 and look ahead to what we expect in 2015.
As we explain in our report (pdf) (in Chinese here), 2014 was a year in which the benefits of voluntary disclosure and cooperating in U.S.… Continue Reading
Many of us scratched our head in 2010 when the Oracle FCPA enforcement action came out. We didn’t understand how a company could be prosecuted, even civilly by the SEC for internal controls or book and records violations, without evidence that bribes had been paid.… Continue Reading
The Financial Crimes Enforcement Network (FinCEN) fined the Trump Taj Mahal Casino Resort $10 million Friday for willful and repeated violations of the Bank Secrecy Act.
Trump Taj Mahal in Atlantic City, New Jersey admitted to willful BSA violations, including lapses in anti-money laundering, recordkeeping, and reporting requirements.… Continue Reading
The FCPA Blog reminds itself often that freedom of the press and free speech are the most powerful weapons against corruption. As Louis Brandeis said, sunlight is the best disinfectant.
The Freedom of the Press report from Freedom House measures the level of media independence in 197 countries and territories.… Continue Reading
The average cost of a bribe to a government official in Moscow rose 37 percent last year to 327,000 rubles ($5,250), Moscow police chief Anatoly Yakunin said last week.
Outside Moscow, in poorer regions of Russia, bribes averaged 139,000 rubles ($2,230), Yakunin said.… Continue Reading
The Department of Justice said Wednesday it settled a civil forfeiture case against $1.1 million in assets traceable to bribes taken by Chun Doo Hwan, the former president of South Korea. … Continue Reading
President Xi Jinping visits UNESCO in Paris in 2014A new phase has begun in the maturation of China as an economic superpower, an era that President Xi Jinping has taken to calling “the new normal.”… Continue Reading