Editors

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

Money laundering plea in PetroEcuador bribery case

A U.S.-based financial advisor pleaded guilty Tuesday for helping launder money used to bribe officials at Ecuador’s state energy company.

Jose Larrea, 40, a U.S. citizen living in Miami, pleaded guilty to one count of conspiracy to commit money laundering. 

Larrea is the fourth defendant to plead guilty in the case. 

The others are two former officials of Empresa Pública de Hidrocarburos del Ecuador or PetroEcuador who took bribes, and a contractor who helped pay the bribes.… Continue Reading

Julie DiMauro: Why is ‘credible deterrence’ so elusive?

In writing and speaking about regulatory compliance, one term that comes up quite a bit is “credible deterrence.” When deterrence is real, institutions and the people in them are able to resist any temptation to skirt legal and regulatory imperatives, if only because of the fear of likely repercussions.… Continue Reading