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Editors

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

SEC punishes Deloitte Japan for violating auditor independence rules

The Securities and Exchange Commission fined Deloitte Touche Tohmatsu LLC $2 million for violating auditor independence rules and suspended its former CEO and director of independence for causing the violations.

The SEC said Wednesday that Deloitte Japan issued audit reports for a banking client while about 90 Deloitte Japan employees maintained accounts with the bank.… Continue Reading

Three predictions for the future of ISO 37001

2018 was an eventful year in ISO 37001’s adoption journey. The anti-bribery standard’s flexibility was demonstrated through a variety of first-time (for ISO 37001) public and private sector uses.

The Brazilian and Danish prosecutors’ use of ISO 37001 in bribery settlement agreements, and the Korean Pharmaceutical and Bio-Pharma Manufacturers Association assistance to its 194 members with a phased ISO 37001 adoption approach, for example. Continue Reading

Can blockchain and barter save Iran from the sting of sanctions?

The concept of central bank-issued digital currencies or national cryptocurrencies has attracted many governments across the world. Particularly, governments that have been sanctioned by the U.S. — such as Iran.

Iran is known for implementing the most creative barter-style sanctions evasion schemes in modern history involving various countries called “gas-for-gold” or the “gold loophole” to evade the economic restrictions that cut the country out of the financial system, crippling their ability to trade with the world. … Continue Reading

Canada’s new DPA regime comes into focus

Canada has joined a global trend in white collar and corporate crime law enforcement with the introduction of a Deferred Prosecution Agreement (DPA) regime.

In September 2017, the Government of Canada launched a public consultation to seek input on a possible Canadian DPA regime.… Continue Reading

Compliance salaries rise. Is that a good thing?

In a January article in the French financial newspaper Les Echos, entitled “Salaries: compliance can pay big,” journalist Delphine Iweins reported that according to a 2019 compliance compensation study by the French firm Atorus Executive, 35 percent of the responding enterprises are now confident in legal compliance officer and compliance manager positions.… Continue Reading

Job: Chief Compliance Officer, International

Job Title: Chief Compliance Officer, International

Employer: Aetna Inc.

Location: London, UK

Description: The Executive Director, International Compliance is responsible for building and maintaining an effective risk-based compliance and ethics program for Aetna International’s operations around the globe. … Continue Reading

Sorry, but corruption can be measured

In a recent FCPA Blog post, William Weaver argued that “actual corruption is essentially unmeasurable,” and that “our imperfect measurements of corruption, even more accurate random forced response surveys, have found only a noisy relationship between perceptions of corruption and its reality.”… Continue Reading