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
Following a peace agreement that ended more than 50 years of civil conflict against the drug cartels and FARC (the Colombian Revolutionary Armed Forces, for its initials in Spanish), the focus now in Colombia is on exposing and prosecuting corruption.… Continue Reading
Since the DOJ launched the Pilot Program in April 2016 to encourage companies to self-report FCPA violations and cooperate with the feds, the DOJ has published seven declination letters addressed to companies under investigation.… Continue Reading
Job Title: Anti-Corruption Counsel
Employer: Gilead Sciences
Location: Foster City, California USA
Description: This individual will help implement an effective cross functional anti-corruption program at Gilead Sciences. In partnership with the Company’s Internal Audit department, this individual will conduct audits of Gilead’s affiliates, operating units, business partners, and other third party service providers, to ensure compliance with the company’s anti-corruption, anti-bribery and Business Conduct policies.… Continue Reading
Across high-risk markets, mid-sized firms are working to differentiate themselves from the competition by demonstrating compliance with global anti-corruption laws and norms.
While the business case for anti-corruption compliance is often well received, implementing a robust compliance program that sufficiently reduces risks, prepares all staff, and clearly meets MNCs’ standards, can be a substantial task.… Continue Reading
The DOJ has taken “preliminary steps” to investigate if managers at Uber Technologies Inc. violated the Foreign Corrupt Practices Act, the Wall Street Journal said Tuesday.
The story cited as sources “people familiar with the matter” but didn’t name them.… Continue Reading
A retired U.S. Army colonel was charged in a complaint unsealed today for his alleged role in a foreign bribery and money laundering scheme in connection with a planned $84 million port development project in Haiti. … Continue Reading
Samsung’s Lee Jae-yongFriday’s conviction of Lee Jae-yong, the de facto head of South Korea’s flagship Samsung conglomerate, marked yet another dramatic step in the country’s anti-corruption revolution.
The third-generation leader of Samsung, Mr.… Continue Reading
The U.S. legal system doesn’t provide for an FCPA compliance defense, which would relieve a company of liability for FCPA violations if it can prove that it created and maintained an effective FCPA compliance program at the time the violation occurred.… Continue Reading
Since the beginning of this year, there have been disclosures about 38 new FCPA-related investigations.
The new investigations involve 12 countries and 23 industries.
Seven of the newest investigations mention Brazil, and three mention China.… Continue Reading
Recent enforcement actions suggest that regulators, both in the United States and the UK, are targeting compliance officers.
Some of these cases involve allegations that compliance officers took part in the misconduct, such as collusion between a compliance officer of a registered broker-dealer and his relatives to defraud investors and embezzle their money.… Continue Reading
A New York banker who served as mining minister of the West African country of Guinea was jailed seven years Friday for laundering bribes from Chinese companies.
Mahmoud Thiam, 50, an American citizen, took $8.5 million from executives of China Sonangol International Ltd.… Continue Reading
Job Title: Senior Analyst, Anti-Corruption Compliance Group
Employer: Deloitte
Location: Arlington, Virginia USA
Description: Ethics & Compliance Anti-Corruption Compliance Group (ACCG) is seeking a Senior Analyst to join our Third Party Due Diligence team.… Continue Reading