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
Panasonic agreed Monday to pay $280 million to resolve FCPA offenses for payments to consultants of its U.S. in-flight-entertainment unit in the Middle East and Asia.
Osaka, Japan-based Panasonic Corporation will pay $143 million in disgorgement to the Securities and Exchange Commission.… Continue Reading
Tomorrow is May 1st — also known as May Day or International Workers’ Day — a public holiday in most of the world, including our present location. It’s a day to honor workers and their achievements, and to give people a well-timed spring holiday.… Continue Reading
Singapore is the latest country to introduce legislation creating a deferred prosecution agreement (DPA) framework for scheduled crimes, potentially including corruption. The Singaporean parliament approved the new law in March as part of a wider package of reforms in the Criminal Justice Reform Act.… Continue Reading
In the majority of bribery and corruption investigations — from relatively simple matters to complex cross-border affairs — the data necessary to detect and solve these cases was largely available within the organization under investigation and could have been used to prevent the red flag from erupting into a full-blown scandal.… Continue Reading
Forget the idea that human beings are perfectly rational. People do not always make consistent decisions based on strict logic or narrow self-interest. Human behavior is complex and emotions and intuition have a significant role to play in individual decision-making.… Continue Reading
Our Trust Alliance has just completed Phase #1 of a project called TAP INTO TRUST.
It’s an acronym.
For example, TAP is:
Truth We are honest and humble – we put the truth ahead of personal or professional gain.… Continue Reading
Companies and enforcement agencies have named Brazil 36 times in disclosures about ongoing FCPA-related investigations, according to the latest data from FCPA Tracker.
China is named 17 times.
Ten of the investigations involving Brazil were first disclosed in 2017.… Continue Reading
There is often discussion of the costs of bribery and corruption. Yet one question not often considered is the state of company after it goes through a corruption enforcement action.
The name Odebrecht is well known in the anti-bribery/anti-corruption world for having the world’s second largest corruption fine ($2.7 billion) in the United States, Brazil and Switzerland.… Continue Reading
For the last several years, academic attention has converged on questions of behavioral ethics, and the findings are robust and sophisticated.
Organizations such as NYU’s Ethical Systems and the Santa Clara University Markkula Center for Applied Ethics provide a wealth of insight, tools and research to help companies access and use the latest thinking to enhance their internal ethics and compliance approaches.… Continue Reading
Floyd Landis, a self-confessed drug cheat, collected $1.1 million Thursday for blowing the whistle on Lance Armstrong’s illegal drug use.
In 2010 Landis filed a qui tam lawsuit under the False Claims Act alleging his former teammate took performance-enhancing drugs and lied about it to the sponsors of their team, the U.S.… Continue Reading
Yahoo! Inc. agreed Tuesday to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions of user accounts.… Continue Reading
Canada has emerged as one of the cryptocurrency and blockchain centers of the world. Canada’s dominance in blockchain innovation stems in part from Toronto being home to Vitalik Buterin, the inventor of Ethereum Blockchain, which is the globally most adopted platform that supports ether (ETH), the second highest cryptocurrency valued at $63 billion. … Continue Reading