News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
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
Bill Steinman
Contributing Editor
The SEC said in an enforcement order Thursday that Sweden’s Telia Company AB will disgorge $457 million to resolve FCPA violations in Uzbekistan.
Combined with $548.6 million in criminal penalties against the company reflected Thursday in court filings by the DOJ, less a $40 million offset, Telia will pay $965 million for the settlement.… Continue Reading
Swedish telephone firm Telia Company AB agreed Thursday to pay $548.6 million in criminal penalties to resolve FCPA offenses in Uzbekistan.
An Uzbek subsidiary, Coscom LLC, agreed separately to plead guilty.… Continue Reading
There are currently six companies based in Canada that have disclosed open and ongoing FCPA-related investigations.
The companies are from the Engineering and Construction, Gaming, Auto Parts, Mining, Manufacturing, and Asset Management industries.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network issued an advisory Wednesday to alert banks about graft money flowing out of Venezuela.
The FinCEN advisory set out “financial red flags” to help banks spot and report “suspicious activity that may be indicative of corruption.”… Continue Reading
The U.S. Securities and Exchange Commission said Wednesday hackers broke into its electronic document storage system last year.
The hackers may have traded on information they found, the SEC said.
SEC chairman Jay Clayton issued a long statement Wednesday about the SEC’s cybersecurity.… Continue Reading