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
Yesterday’s post by Jose Da Silva about progress in Colombia against graft is a welcome push back to the out of date stereotype that corruption is just how business is done there.… Continue Reading
Job Title: Legal Compliance Specialist
Employer: Nike
Location: Beaverton, Oregon (USA)
Description
Your primary responsibilities will include the management of NIKE’s due diligence process including the compilation of NIKE’s vendor data, processing of due diligence screening, evaluation and analysis of due diligence reports, escalation of due diligence “red flags,” and resolution of any necessary control measures; administrative support related to NIKE’s compliance training program; and administration of NIKE’s compliance documentation and databases.… Continue Reading
According to a report Wednesday from Transparency International, the boom in the London property market has been fueled by dirty money from around the world.
The report said more than 36,000 properties in London are owned by anonymous companies registered in the British Virgin Islands, Isle of Man, Jersey, and Guernsey, among others.… Continue Reading
Yes it’s true. Latin America is perceived as a high-risk destination, with too much corruption and government oversight that falls short when measured against the United States, Europe, and other more developed economies.… Continue Reading
The First National Community Bank of Dunmore, Pennsylvania (FNCB) admitted that it failed to file suspicious activity reports on transactions linked to the judicial corruption scheme known as “cash for kids” that spanned more than five years.… Continue Reading
Readers of the FCPA Blog are no strangers to the heightened attention recently paid to the Foreign Corrupt Practices Act. Much of that attention, unfortunately, comes from a neomercantilist perspective.
Neomercantilism is the modern version of mercantilism, an economic policy that attempts to increase the wealth of a nation by managing trade and investment.… Continue Reading
In a speech Tuesday at CBI’s Annual Pharmaceutical Compliance Congress in Washington D.C., the head of the SEC’s enforcement division, Andrew Ceresney, left, talked about the most common ways pharmas violate the FCPA.… Continue Reading
In his post yesterday about “business-side enforcement,” Mike Scher made some good points. But here’s one big reason why “collective action” has not caught on in the U.S.: antitrust. We antitrust lawyers are very nervous about clients meeting and talking with competitors. … Continue Reading
I recently wrote on the FCPA Blog about anti-corruption internal controls in China related to the Bruker Corporation settlement. That post focused mainly on policy translation, local language training, and independent compliance oversight of local operations.… Continue Reading
The Securities and Exchange Commission Monday said a whistleblower will receive an award of between $475,000 and $575,000 for reporting “original, high-quality information about a securities fraud that resulted in an SEC enforcement action with sanctions exceeding $1 million.”… Continue Reading
Contacts with a government in the course of conducting every day business raise the risk of providing something of value to a foreign official. This risk can be minimized via appropriate controls and efforts on the part of industry groups, through collective action, to improve regulatory quality.… Continue Reading
The FCPA Blog has been talking about the growth of global enforcement and compliance. That’s good. But let’s not forget the original principle of enforcement by business organizations themselves.
Simply put, if all companies refuse to pay bribes, the bribe takers are out of business.… Continue Reading