Job: General Counsel
The FCPA Blog
November 10, 2020
Job Title: General Counsel
Employer: Summit Therapeutics
Location: Cambridge, Massachusetts USA… Continue Reading
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
Why companies are ‘undervaluing’ their FCPA exposure
Bill Steinman
November 10, 2020
I recently conducted a virtual training session, during which I displayed a slide showing the top ten FCPA fines and penalties in history. A curious attendee asked whether my figures represent the DOJ and SEC’s gross penalties or the amounts that companies were actually obliged to pay to the U.S.… Continue Reading
Resource Alert: Facing justice and moving on
The FCPA Blog
November 9, 2020
Richard Bistrong talks with Richard L. Cassin about the emotional side of his decision to plead guilty to an FCPA-related charge and cooperate with the DOJ. Why did he make that decision?… Continue Reading
Goldman Sachs lands second on the FCPA disgorgement top ten list
Richard L. Cassin
November 9, 2020
As part of Goldman Sachs’ record-breaking $3.3 billion FCPA resolution, the SEC ordered the company to disgorge $606.3 million. That’s the second biggest disgorgement ever ordered in an FCPA enforcement action.… Continue Reading
At Large: Did ‘culture shock’ derail Beam Suntory’s criminal FCPA resolution?
Richard L. Cassin
November 5, 2020
How to explain it? Beam Suntory’s 2018 FCPA civil settlement with the SEC went so well. The SEC praised the company’s cooperation and took into account its good behavior. And yet in 2020, when Beam Suntory finally resolved criminal FCPA charges, the DOJ brought faint praise and heavy criticism, citing the company’s “inconsistent and, at times, inadequate cooperation,” among other transgressions.… Continue Reading
World Bank debars German manufacturer for fraud, collusion, and corruption
Harry Cassin
November 4, 2020
The World Bank debarred a German water maintenance equipment manufacturer Wednesday for 30 months for fraud, collusion, and corruption involving a project in Myanmar.… Continue Reading
Swiss anti-money laundering barriers are full of holes
Martin Kenney
November 4, 2020
Despite beginning to open up its once-notoriously secret banking system, Switzerland remains the go-to destination for the more discerning kleptocrats and assorted lawbreakers.… Continue Reading
UK Enforcement: Should corporate DPAs name ‘culpable’ individuals?
Christopher Houssemayne du Boulay
November 3, 2020
The UK Serious Fraud Office (SFO) recently published a chapter from its internal Handbook on how it engages with companies seeking to enter into a Deferred Prosecution Agreement (DPA).… Continue Reading
Goldman Sachs: Five takeaways for compliance officers everywhere
Asher Miller
November 2, 2020
With Goldman Sachs’ $3.3 billion settlement, we see the failure of a sophisticated and influential financial institution to maintain strong internal controls. How did it happen? Here are the five biggest takeaways every company in any industry can benefit from.… Continue Reading