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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

Businessman admits FCPA offenses in Citgo bribe case

An executive who controlled several U.S.-based companies pleaded guilty Wednesday to bribing officials at subsidiaries of Venezuela’s state energy company.

Jose Manuel Gonzalez Testino (Gonzalez), 49, of Miami, Florida, pleaded guilty in federal court in Houston to one count of conspiracy to violate the Foreign Corrupt Practices Act, one count of violating the FCPA, and one count of failing to report foreign bank accounts. … Continue Reading

World Bank debars units of French water treatment company

The World Bank Wednesday debarred two subsidiaries of Paris-based Veolia Water Technologies for “fraudulent and collusive practices” involving a project in Colombia.

France’s OTV was debarred for two years and Veolia Water Technologies Brasil Ltda was debarred for one year.… Continue Reading

When it comes to AML, doing better means seeing better

Once again, AML failures are shaking up the headlines. If the Danske Bank scandal wasn’t enough, at the beginning of March, the Organized Crime and Corruption Reporting Project showed how a series of offshore shell companies were used to move billions of dollars of private wealth from Russia to the West.… Continue Reading

Job: Manager, Collective Action

Job Title: Manager, Collective Action

Employer: BSR

Location: Copenhagen, Denmark

Description: One of BSR biggest collaborative initiatives the Maritime Anti-Corruption Network (MACN) is looking for a full time collective action manager.… Continue Reading

SCOTUS News: Limits on immunity for Multilateral Development Banks should spur increased anti-corruption efforts

Earlier this year, the U.S. Supreme Court held that the protections in the International Organizations Immunities Act of 1945 (IOIA) against civil lawsuits in U.S. courts were not absolute. Instead, the immunity provided to international organizations — including Multilateral Development Banks (MDBs) — was no greater than the immunity enjoyed by foreign governments under the Foreign Sovereign Immunities Act.… Continue Reading

SEC awards whistleblower $4.5 million

The Securities and Exchange Commission awarded more than $4.5 million to a whistleblower whose tip triggered the company to launch an internal investigation and report the whistleblower’s allegations to the SEC and another agency.… Continue Reading

The importance of setting a good compliance example

Former U.S. Attorney for the Southern District of New York Preet Bharara (Image from YouTube)Preet Bharara gave the morning keynote at the second day of Compliance Week 2019. It was interesting because rather than a speech he did so with a one-hour Q&A format with Allen & Overy partner Gene Ingoglia facilitating the session through the role of the questioner.… Continue Reading

Huge social agency becomes unlikely compliance leader

The Mexican Social Security Institute (IMSS) has defied conventional wisdom to become a leader in reforming the country’s anti-corruption efforts. The giant agency historically lacked an effective compliance program, with many responsibilities left to the functioning of internal controls — an audit-related system with no power to remedy operational compliance gaps.… Continue Reading

World Bank debars Chinese fiber optic cable company

The World Bank debarred a Chinese fiber optic cable manufacturer and distributor Wednesday for 20 months for “fraudulent practices” involving a project in Zambia.

Nantong-based Jiangsu Zhongtian Technology Co., Ltd. (ZTT) is ineligible to participate in World Bank-financed projects during the 20-month debarment.Continue Reading

Yes, GDPR has already changed the whistleblowing landscape

Last year just before the “big date” of May 25, I wrote a post trying to analyze GDPR provisions through the lens of the whistleblowing process. At that time there were many questions ranging from how the rules will apply to whistleblowing on a national level to how to balance individuals’ privacy rights against companies’ need to pursue investigations.… Continue Reading