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Editors

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

Are whistleblower reward programs really a good idea?

The SEC’s office of the whistleblower awards money to individuals who provide tips that lead to successful enforcement actions where recoveries are more than $1 million.

Money for whistleblower awards comes from the SEC’s Investor Protection Fund, which is funded through disgorgement and penalties.… Continue Reading

Barclays fined $108 million for kowtowing to rich PEPs

The UK Financial Conduct Authority fined Barclays Bank £72 million ($108 million) Thursday for rushing to serve rich politically exposed persons and keeping their deal secret.

Barclays arranged a transaction worth $3 billion for ultra-high net worth clients in 2011 and 2012.… Continue Reading

UK court decision: Bribery makes chief executive ‘a bad leaver’

Last month, the Scottish Court of Session Outer House delivered a decision that illustrates the pitfalls that await executive shareholders implicated in commercial bribery.

The case concerned whether or not the affairs of a transport and liquid freighting company were being carried on in an unfairly prejudicial manner to the interests of the former chief executive and associated shareholders. … Continue Reading

PTC ups reserve for FCPA settlement to $28.2 million

Technology firm PTC Inc. said in a securities filing Monday it has reserved $28.2 million for a possible settlement with the DOJ and SEC of apparent FCPA offenses in China.

PTC said it has reached agreement in principle to settle the fed’s investigation into “expenditures [in China], including for travel and entertainment, that apparently benefited employees of customers regarded as state owned enterprises in China.”… Continue Reading

TI: UK AML supervision is an unworkable mish-mash

Transparency International released a report Monday calling for a radical overhaul of the UK’s anti-money laundering system.

The report said the current system of anti-money laundering supervision in the UK is “woefully inadequate and structurally unsound” and is letting billions in corrupt funds flow into the country.… Continue Reading