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
What law firms and lawyers represented the companies on our latest Top Ten List in connection with their FCPA resolutions?
Here’s what we found, using only documents of record posted by the DOJ on its website, such as deferred prosecution agreements, certificates of counsel, and plea agreements.… Continue Reading
Since 2014, the six members of the Gulf Cooperation Council — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates — have been weaving Shariah-compliant blockchain technology and bitcoin into their existing financial and legal infrastructure, while transforming them all at the same time.… Continue Reading
TRACE held its annual U.S. Forum in Washington, DC, this week. More than 120 companies gathered to benchmark their programs and to hear from an extraordinary array of government, law firm and in-house speakers.… Continue Reading
Russian telecom MTS joined our Top Ten list last week at number three. It knocked Och-Ziff off the list, and that means nine of the ten biggest FCPA cases of all time now involve non-U.S.… Continue Reading
Blue-chip accounting and auditing firm Grant Thornton has found itself under scrutiny following the collapse of the café chain Patisserie Valerie in the UK. Patisserie Valerie went into administration recently after a £40 million ($52.5 million) hole was uncovered in its balance sheet, allegedly caused by an internal fraud. … Continue Reading
The DOJ unsealed charges Thursday against an Uzbek telecom exec and the daughter of the former Uzbek president for their roles in an $866 million bribery and money laundering scheme.
Gulnara Karimova, 46, was charged with conspiracy to commit money laundering, the DOJ said. … Continue Reading
The Commodity Futures Trading Commission (CFTC) said Wednesday it will work alongside of the DOJ and SEC to investigate foreign bribery and prosecute overseas corruption offenses.
In a March 6 Enforcement Advisory (pdf), the CFTC’s Division of Enforcement said commodities companies that self report violations of the Commodity Exchange Act involving foreign corrupt practices could receive declinations.… Continue Reading
Russia’s biggest mobile phone company will pay $850 million in penalties to the DOJ and SEC to resolve FCPA violations, the SEC and the company said Wednesday.
MTS agreed to the SEC’s order finding that it violated the anti-bribery, books and records, and internal accounting controls provisions of the FCPA and will pay a $100 million penalty to the SEC.… Continue Reading
Federal court opinions interpreting the FCPA are rare indeed — my informal tally puts the number at a dozen or so since 1977. This week, that number increased by one, thanks to the 9th Circuit’s opinion in Wadler v.… Continue Reading
The U.S. Commodity Futures Trading Commission (CFTC) announced Monday an award of more than $2 million to an individual whistleblower for original information that led to a successful CFTC enforcement action.… Continue Reading
Mexico has been moving forward with its National Anti-corruption System (NAS) that began with a reform of the Constitution in 2015, followed by new laws that partially came into effect in 2017 and were half-heartedly implemented in 2018. … Continue Reading
Hempel A/S said Monday it paid about $33.4 million to enforcement agencies in Denmark and Germany to resolve allegations of bribery.
The company said it discovered “illegal sales practices” in April 2017 “in Germany, other countries in Europe and in Asia.”… Continue Reading
