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
The SEC Tuesday said it used its first deferred prosecution agreement with an individual in an FCPA case.
FCPA civil charges will be deferred for three years against Yu Kai Yuan, a former employee at PTC’s China subsidiaries, “as a result of significant cooperation he has provided during the SEC’s investigation.”… Continue Reading
Two China units of Massachusetts software company PTC Inc. entered into a non-prosecution agreement and paid a $14.5 million criminal penalty Tuesday to resolve a DOJ investigation into payments for recreational travel by Chinese government officials that violated the Foreign Corrupt Practices Act.… Continue Reading
Image courtesy of General CableKentucky-based General Cable Corporation said it added $4 million to its reserve and has now set aside $28 million that’s “probable to be disgorged” to the SEC in a possible settlement of FCPA offenses.… Continue Reading
Corporate compliance enthusiasts have one more item on their To Do list this winter: be sure to review and comment on ISO 37001, the draft standard for anti-bribery management systems.
The International Standards Organization has been working on ISO 37001 since 2013, and the goal is a final standard approved and available by the end of 2016.… Continue Reading
OK, here is the starting point. Someone breaks the law and they need to be punished. Sounds good. Someone misuses government money and is penalized. Still sounds good.
Big Brothers Big Sisters pays a $1.6 million penalty to the federal government.… Continue Reading
In a post for the FCPA Blog, Ilya Zlatkin recently compared corrupt companies to white collar tomb raiders. He outlined how antiques and ancient artefacts circulate on the black market, and the excellent work of the FBI’s Art Crime Team in locating and returning those artefacts to their rightful owners.… Continue Reading
Big Brothers Big Sisters of America Corporation (Big Brothers) agreed to pay the United States $1.6 million to resolve allegations of false claims for funds it received under grants from the Department of Justice to help children at risk.… Continue Reading
The U.S. Department of the Treasury’s Office of Foreign Assets Control said Monday it fined Barclays Bank Plc $2.48 million to resolve potential civil liability for 159 apparent violations of the Zimbabwe sanctions regulations.… Continue Reading
SFO Director David Green CB QC (Image courtesy fo the SFO)UK Attorney General Jeremy Wright said he extended the contract of the director of the Serious Fraud Office, David Green, for two more years.… Continue Reading
SBM Offshore confirmed Wednesday that the U.S. Department of Justice has re-opened its investigation into the alleged bribery of government officials in Angola, Brazil, and Equatorial Guinea between 2007 and 2011.… Continue Reading
Whether we agree with their politics or not, most presidential candidates are a great example of mass communicators, educators, and trainers. They manage to engage millions of people on issues that many would usually consider boring, such as the minutiae of domestic and foreign policies.… Continue Reading
Over the years, we’ve looked at the correlation between corruption and personal security, air safety, environmental degradation, risks of war, debt problems, and general personal misery.… Continue Reading
