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 UK Serious Fraud Office charged two former executives of Dutch oil services firm SBM Offshore NV for allegedly funneling bribes to officials in Iraq through intermediary Unaoil.
Paul Bond and Stephen Whiteley were both charged with conspiracy to make corrupt payments to secure contracts in Iraq for Unaoil’s client SBM Offshore.… Continue Reading
The Securities and Exchange Commission Thursday announced awards of more than $8 million each to two whistleblowers who helped the SEC bring a successful enforcement action.
The SEC denied awards to five other whistleblowers for the same case.… Continue Reading
It has been a common practice for SEC-registered companies with international operations to include FCPA enforcement as a “risk factor” that investors should consider before buying the company’s securities.
Some companies with operations in China have also included warnings about the risks of doing business there.… Continue Reading
Not all conflicts of interests lead to illegal conduct. But undisclosed connections between third-party suppliers and employees are a gateway to corruption and fraud. The best way to uncover conflicts of interests and harm flowing from them is through data.… Continue Reading
Dutch oil services company SBM Offshore NV agreed Wednesday to pay a criminal penalty of $238 million to resolve FCPA offenses in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq.
SBM entered into a three-year deferred prosecution agreement (pdf) with the DOJ.… Continue Reading