Thomas Fox | Contributing Editor
Thomas Fox is a contributing editor of the FCPA Blog.
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.”
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.
What does it mean to have a zero-tolerance policy for illegal or unethical conduct? Does it mean no as in never, no as in maybe, or no as in we’ll see?
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.
Compliance professionals should exult as a major global concern, Siemens, has named a CCO to its Board of Directors.
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 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.
I wish I could write a headline as great as the above banner which appeared over a piece written by Thorton McErney in Dealbreaker.