What the FTX is going on?
Harry Cassin
November 15, 2022
Let me bring you up to speed if you missed the news. There is a Pompeii-grade meltdown happening in the cryptocurrency world.… 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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
FIFA Uncovered: Making a movie star out of corruption
Harry Cassin
November 14, 2022
Netflix recently released a new docuseries on the FIFA corruption scandal. The four-part series delves into the history and mechanics of how the organization was corrupted.… Continue Reading
Is workplace ‘authenticity’ good for compliance?
Richard L. Cassin
November 10, 2022
Along with work-from-anywhere and quiet quitting, the pandemic gave us “bring your whole self to work.” But what does being real at work look like? And is workplace authenticity a good idea for compliance?… Continue Reading
My time inside Novartis ERC
Harry Cassin
November 7, 2022
At the gatehouse, the security guard passed me a Novartis visitor’s badge, and I turned to walk down Fabrikstrasse – the campus’ central boulevard. Two thoughts popped into my head: I think I’m too early (I was) and I hope these people are friendly (they were).… Continue Reading
Glencore ordered to pay $314 million by UK court for Africa bribes
Harry Cassin
November 3, 2022
The UK subsidiary of Swiss mining giant Glencore was ordered to pay £281 million ($314 million) in the United Kingdom on Thursday for bribes in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea, and South Sudan.… Continue Reading
‘Authorizing’ is at the center of most FCPA cases
Richard L. Cassin
November 3, 2022
Corporate subsidiaries only act on someone else’s say so. The drafters of the FCPA knew that, and that’s why the FCPA prohibits offering to pay, paying, promising to pay, or authorizing the payment of money or anything of value to a foreign official for an improper purpose.… Continue Reading
Reframing accountability to meet the new DOJ guidance
Caterina Bulgarella
October 31, 2022
New and old corporate dishonesty stories, such as Theranos, Wirecard, and Wells Fargo, highlight a fundamental weakness. Irrespective of the industry or the business maturity, the wrongdoing escalates when the lines of defense that should protect the organization from risk become Teflon barriers to any accountability process.… Continue Reading
Does monitoring technology reduce rule-breaking and (oh no) make compliance officers obsolete?
Richard L. Cassin
October 27, 2022
Employers have been using technology to keep an eye on workers for at least a decade. And when the pandemic shifted nearly everyone to work-from-anywhere, monitoring went through the roof.… Continue Reading
How can Lisa Osofsky save the Serious Fraud Office?
Tony McClements
October 25, 2022
Last week, SFO head Lisa Osofsky told British lawmakers that she regretted the agency’s “damaging relationship” with an American private investigator during a major corruption probe into oil consultancy Unaoil, which ultimately led to three UK convictions being overturned.… Continue Reading
Hitting the FCPA wall and finding the true center of my life
Richard Bistrong
October 24, 2022
At 50, I sat in prison for violating the FCPA, among other offenses, due to no one’s fault but my own. At 40, I had sunk deep into the throes of drug addiction, which is not why I landed in prison at 50, but the addiction was a step in a series of awful decisions and contributed to my sense of narcissism and impunity.… Continue Reading
Back to FCPA Basics: Who’s a foreign official?
Richard L. Cassin
October 20, 2022
An FCPA anti-bribery offense requires five essential elements: (1) Corruptly (2) paying or promising to pay (3) anything of value (4) to a foreign official (5) for the purpose of obtaining or retaining business or securing any improper advantage.… Continue Reading
How do industry leaders talk about facilitating payments?
Harry Cassin
October 19, 2022
The lone exception written into the FCPA allows bribes for “routine governmental action . . . which is ordinarily and commonly performed by a foreign official.” That sounds simple, but it’s not.… Continue Reading