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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
President Jimmy Carter signed the Foreign Corrupt Practices Act into law on December 19, 1977. In adopting the bill that would become the FCPA, the Senate listed its reasons for wanting to outlaw corrupt payments to foreign officials to obtain or retain business.… Continue Reading
An Indiana-based furniture company that filed a federal whistleblower lawsuit against a competitor for evading U.S. import duties on deliveries from China will collect $2.25 million as part of a settlement.… Continue Reading
I’ve talked about a plan by Kazakhstan’s president to revive the country’s struggling economy by privatizing about 7,000 state-owned companies and listing at least some of them on unspecified stock exchanges.… Continue Reading
Luxury goods retailers selling high-end cars, boats, private jets, art, antiques and jewellery are being used by the corrupt to hide the illegal proceeds of crime — and to escape detection, Transparency International said.… Continue Reading
This could be the first year since 2005 when the DOJ won’t issue any FCPA Opinion Procedure Releases.
There have never been a lot FCPA releases — just 61 since 1980, an average of less than two per year.… Continue Reading
With the recent downfall of two more high-level government officials from Beijing and Shanghai, China’s anti-corruption campaign rolled on in 2015. Here are some highlights from the past year.
The crackdown on corrupt high-level government officials spread to all 31 provinces and municipalities directly under the central government.… Continue Reading
Job Title: Vice President, Assistant General Counsel & Deputy Compliance Officer
Employer: Berkshire Hathaway Specialty Insurance
Location: Boston, Massachusetts USA
Description
This position is responsible for the development and direction of the compliance function globally for Berkshire Hathaway Specialty Insurance.… Continue Reading
Great lawyer and friend Martin Kenney recently published a post on the FCPA Blog asking a question that makes some folks uncomfortable. Should we pay whistleblowers for their information?
The answer is yes!… Continue Reading
This Christmas short has been viewed more than 18 million times on YouTube.
Sainsbury’s (UK) made it in partnership with the Royal British Legion, a charity that supports former and current British military personnel and their families.… Continue Reading
It’s a worrying time for executives. According to Kroll’s 2015 Global Fraud Report, some 40 percent of respondents felt vulnerable to corruption and bribery.
I haven’t met any executives who aren’t in favour of this new era of bribery and corruption enforcement and compliance.… Continue Reading
Sietze Hepkema (image courtesy of SBM Offshore)A former Allen & Overy partner who led the firm’s Amsterdam office was among a dozen people charged last week by prosecutors in Brazil as part of the corruption investigation into Petrobras, the state-owned oil company.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network announced its first enforcement action against a “card club” gaming business.
Oaks Card Club of Emeryville, California admitted last week that it violated the program and reporting requirements of the Bank Secrecy Act (BSA). … Continue Reading