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
The Treasury Department’s Office of Foreign Assets Control added five Russians to its list of those sanctioned under the Magnitsky Act for alleged human rights abuses.
The most prominent name on Monday’s list was the Russian government’s chief public investigator, Aleksandr I.… Continue Reading
The Federal Bureau of Investigation reportedly arrested a Volkswagen compliance officer who will face charges of conspiracy to defraud the United States for his role in VW’s diesel emissions cheating scandal.… Continue Reading
The head of Deutsche Bank AG’s financial-crime-fighting unit and chief AML reporting officer left his his job after just six months.
Peter Hazlewood stepped down because of an internal dispute over the size of his group’s budget and workforce, the Wall Street Journal reported.… Continue Reading
Mondelēz International, Inc. agreed Friday to pay $13 million to resolve FCPA offenses related to payments by its Cadbury unit in India.
The SEC said in an administrative order (pdf) that both Cadbury Limited and Mondelēz violated the internal controls and books-and-records provisions of the FCPA.… Continue Reading
Dear FCPA Blog,
As our annual Top Thought Leaders in Trust honors is currently selecting finalists for 2017, watching the video in the post “Don’t be this kind of thought leader” was such a hoot!!… Continue Reading
At the Federal Prison Camp in Lewisburg PA where I spent fourteen and a half months, one personal liberty inmates were allowed was reading. Under Bureau of Prison rules, hardcover books could be sent directly to inmates from the distributor, e.g.… Continue Reading
Infosys Limited said its General Counsel and Chief Compliance Officer David Kennedy left the company effective December 31. The company hasn’t given a reason for Kennedy’s departure.
Bangalore-based Infosys is India’s second biggest IT firm.… Continue Reading
A recent FCPA Blog post written by Bart Soenens, a tenured academic researcher at the University of Gent in the Netherlands and Jeroen Michels, a policy analyst at the Organisation for Economic Co-operation and Development in Paris, posed the question “what exactly is the nature of human morality?”… Continue Reading
Last month Forest Labs paid $38 million to settle allegations it paid doctors speaker fees for sometimes phony events so they would prescribe its drugs. It was the latest in a string of “speaker fee” cases.… Continue Reading
Last year 27 companies paid about $2.48 billion to resolve FCPA cases. It was the biggest enforcement year in FCPA history. Both the number of enforcement actions and the overall amounts paid to resolve them were records.… Continue Reading
Teva Pharmaceutical’s $519 million enforcement action last month included disgorgement to the SEC of $236 million — the second biggest FCPA disgorgement of all time.
Teva knocked Daimler off the top ten disgorgement list.… Continue Reading