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
Elizabeth Holmes of TheranosTheranos Inc. — once the most valuable medical technology start up in America — is now a slow-motion corporate disaster generating waves of bad news.
It’s a corporate disaster that didn’t need to happen.… Continue Reading
In the prior post I talked about how, after nearly 40 years of FCPA history, the DOJ first used disgorgement as a remedy, including it this year in two declinations under the Pilot Program.… Continue Reading
Rio Tinto’s Alan DaviesThe Rio Tinto imbroglio around its mining concession in Guinea continues to become stranger and stranger.
One might think that a $10.5 million payment for a third-party consultant to assist in obtaining a lost mining concession in the notoriously corrupt West Africa country of Guinea, approved at the highest level of the company is unusual enough.… Continue Reading
For many years the Dutch government lagged behind countries like the United States, the UK and Germany enforcing anti-corruption laws. But that has recently changed in a dramatic way.
I wrote a post nearly two years ago for the FCPA Blog about Dutch enforcement actions against KPMG and the construction company Ballast Nedam.… Continue Reading
Doing business in countries perceived to be high risk for corruption and FCPA compliance issues (and unhappily my country Nigeria sits squarely within that category) requires a clear picture of who your local partners are, and whether associating with them represents any sort of risk to you from a compliance perspective.… Continue Reading
Marketing and sales people working in low-integrity places are usually far removed from the victims of nearby corruption. Compliance professionals supporting a far-flung work force need to keep that cultural isolation in mind.… Continue Reading
This year the DOJ required disgorgement of ill-gotten gains as a predicate for preferential treatment under the new FCPA enforcement Pilot Program, regardless of whether the participating company was publicly or privately owned. … Continue Reading
On November 8 the government of India demonetized all existing Indian currency notes of rupee 500 and 1,000 denominations effective from midnight. The old notes will be replaced over time and can be exchanged in banks till December 30, on production of proof of identity.… Continue Reading
Last week’s $264 million enforcement action against JPMorgan Chase included disgorgement to the SEC of $130.5 million — the seventh biggest FCPA disgorgement of all time.
The SEC said $105.5 million was disgorgement and $25 million was pre-judgment interest.… Continue Reading
The DOJ filed a superseding indictment in federal court in Manhattan Tuesday against a Macau developer accused of bribing the former president of the United Nations General Assembly.
Ng Lap Seng now faces FCPA charges for paying at least $500,000 in bribes to John Ashe.… Continue Reading
Today is a Travel Edition from Venice. If there is one thing that’s ubiquitous throughout this city it’s the Gondolier, the Venetian Gondola boatman. You’re never far from hearing their cry of “Gondola, Gondola” to attract tourists for a fabled and romantic gondola ride.… Continue Reading
On October 26 in New York City, the FCPA Blog held its inaugural conference. Exceptional speakers and participants discussed current and emerging challenges in the implementation and enforcement of the FCPA.… Continue Reading
