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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

Does FCPA guilty plea signal new trouble for Citgo?

Last week Dick Cassin reported on the FCPA Blog yet another guilty plea in the ever ongoing PDVSA corruption scandal. As Cassin noted, “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.”

This makes 16 guilty pleas with five individuals who have been indicted and are awaiting trial related to corruption at the Venezuelan national energy concern.… 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

A farewell, with thanks, to President Bush

George Herbert Walker Bush died Friday night. He was the last of the Greatest Generation to serve as President. His administration was the culmination of nearly 40 years of American hegemony which led to the downfall of the Soviet Union.… Continue Reading

Tom Fox: Venture capital firms like the business of compliance

Want any greater evidence of not only the effectiveness of compliance but its now mandatory nature as a business process going forward? Look no further than the marketplace.

Two recent announcements of significant venture capital funding made clear that companies which deliver products and services in the compliance arena are viewed as prime business opportunities.… Continue Reading

Siemens nominates compliance professional to Board

Sylvie Kandé de Beaupuy (Image courtesy of Alstom)Compliance professionals should exult as a major global concern, Siemens, has named a CCO to its Board of Directors.

Railway Gazette reported that “Sylvie Kandé de Beaupuy, Group Ethics & Compliance Officer of Airbus Group” has been nominated to the combined Board of Directors created from the Siemens Mobility-Alstom merger.… Continue Reading

Tom Fox: For Odebrecht, the cost of bribery is still climbing

There is often discussion of the costs of bribery and corruption. Yet one question not often considered is the state of company after it goes through a corruption enforcement action.

The name Odebrecht is well known in the anti-bribery/anti-corruption world for having the world’s second largest corruption fine ($2.7 billion) in the United States, Brazil and Switzerland.… Continue Reading

Tom Fox: Where are England’s whistleblowers?

The case of Barclays chief Jes Staley attempting to unmask an anonymous whistleblower came to an almost imperceptible and silent ending recently when the UK’s Financial Conduct Authority concluded that Staley’s actions were not done intentionally but apparently with some other, lesser standard.… Continue Reading

Tom Fox: BSGR files for receivership

In one of the most high profile corruption stories around, reports in the Financial Times said BSGR filed for receivership, and on Tuesday entered into voluntary administration in Guernsey, where the company is registered.… Continue Reading