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
I have never found a culture that truly endorses straight-up bribery. There may be no culture which actually teaches that a suitcase full of cash privately given to an official in exchange for a benefit to which the payor is not legally entitled is a good thing, one that we should not deter even if we could. … Continue Reading
Following the conviction of a top general for graft, China’s official military newspaper warned that corruption can weaken an army and eventually destroy its ability to fight and win.
“If we allow the growth and spread of corruption, the guns will rust, the pillars will collapse,” the People’s Liberation Army Daily said.… Continue Reading
The A-List film producer who spent six months in prison for violating the FCPA by paying bribes in Thailand has died.
Gerald Green passed away in Los Angeles on July 24 from emphysema, the Hollywood Reporter said this week.… Continue Reading
In a prior post on the FCPA Blog, we observed a pattern that surprised ourselves and many others: signatories to the OECD Convention that allow facilitating payments have a significantly better average ranking on the Corruption Perceptions Index than those countries that prohibit them. … Continue Reading
Recently a small group of open-minded trust, ethics and compliance professionals met for an informal lunch in New York City to discuss the intersection of the three disciplines and their respective roles in organizations.… Continue Reading
Last week BNY Mellon agreed to pay the SEC $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by awarding student internships to kids of officials connected with a sovereign wealth fund in the Middle East.… Continue Reading
Job Title: Global Anti-Corruption Compliance Program Officer
Employer: Credit Suisse
Location: New York, NY USA
Description
The Global Anti-Corruption Compliance team develops and implements the Bank’s enterprise-wide compliance program relating to anti-corruption, third-party intermediaries, gifts and entertainment, and other client benefits, with a focus on ensuring compliance with the U.S.… Continue Reading
Brazil’s Petrobras said Wednesday it isn’t negotiating a settlement with U.S. authorities tied to alleged corruption following a report that claimed the state-owned company was in talks to pay a record FCPA fine.… Continue Reading
Singapore will start automatically sharing information with foreign tax authorities from 2018 to comply with a 51-country agreement to fight tax evasion.
“Clients are worried and asking about this, (while) accounting and legal firms are pitching to help clients structure their transactions,” a Singapore banker told Reuters.… Continue Reading
The owners of the warehouse in the port of Tianjin that exploded last week and killed more than 100 people obtained fraudulent safety licenses through their connections with fire and safety officials, China state media said.… Continue Reading
Walmart said in a management call Tuesday that FCPA and compliance-related costs were about $30 million during the second quarter, with $23 million for ongoing investigations and $7 million for the company’s global compliance program. … Continue Reading
Image courtesy of AvonAvon Products and lawyers representing investors asked a federal judge in New York Tuesday to approve a $62 million settlement in a securities fraud lawsuit that alleged the company and two former officers failed to disclose problems with company’s FCPA compliance in China.… Continue Reading
