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
Prosecutors in Brazil and state-owned oil company Petróleo Brasileiro SA signed a settlement agreement Friday with Netherlands-based oil and gas services firm SBM Offshore NV to resolve allegations of corruption.
Under the so-called leniency agreement, SBM will pay Petrobras $342 million through a combination of a cash penalty and discounts on future work.… Continue Reading
The World Bank’s Office of Suspension and Debarment (OSD) released its latest “Report on Functions, Data and Lessons Learned” this spring. The Report (pdf) provides important insights into the World Bank’s sanctions process.… Continue Reading
The Brazil narrative of crisis and collapse has reached a fevered pitch: Zika, pollution in the bay, economic recession, and what may be the world’s largest corruption investigation. But this now-fashionable refrain misses a deeper and more compelling story.… Continue Reading
The Financial Crimes Enforcement Network announced a settlement Friday with $2.8 million in penalties against Hawaiian Gardens Casino, Inc. d/b/a The Gardens Casino, of Hawaiian Gardens, California.
The Gardens, a card club, admitted that it violated the Bank Secrecy Act’s compliance program and reporting requirements.… Continue Reading