Job: Global Compliance Associate General Counsel
The FCPA Blog
October 30, 2020
Job Title: Global Compliance Associate General Counsel
Employer: Nielsen Holdings PLC
Location: New York, New York 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
At Large: Get ready for a SAD winter
Richard L. Cassin
October 29, 2020
In normal years during winter, somewhere around 20 percent of Americans living in the middle and northern latitudes suffer some degree of seasonal affective disorder or SAD. This year, with so much uncertainty and isolation, no one knows how high the incidence of SAD could climb.… Continue Reading
World Bank debars unit of state-owned China construction company
Harry Cassin
October 28, 2020
The World Bank debarred a Chinese engineering and construction company Wednesday for eighteen months for fraud involving a project in Zambia.… Continue Reading
What to do in a crisis? Shake off the crisis mentality
Richard Bistrong
October 28, 2020
It was 2003, and I received an urgent order for ballistic vests and helmets for United States Coalition Forces stationed in Kurdistan. The quartermaster for those forces was emailing and calling me (from a bunker, literally) that he needed the equipment in days or weeks, not months or quarters.… Continue Reading
DOJ fines ‘uncooperative’ Beam Suntory $19.6 million for FCPA offenses
Harry Cassin
October 27, 2020
Chicago-based spirits maker Beam Suntory Inc. agreed Tuesday to pay the DOJ $19.6 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.… Continue Reading
Former UK prosecutor: Four things investigators can learn from Wirecard
Lloydette Bai-Marrow
October 27, 2020
Once a jewel in Germany’s business crown, Wirecard is now in the process of being wound up after the discovery of an audacious fraud involving senior executives inside the payment-processing company and hidden losses of €3.2 billion ($3.7 billion).… Continue Reading
Wall Street bank earns top spot on FCPA Blog top ten list
Harry Cassin
October 26, 2020
Goldman Sachs Group Inc. shattered our top ten list with a $3.3 billion FCPA settlement with the U.S. Department of Justice and Securities and Exchange Commission, sending it straight to number one.… Continue Reading
SFO publishes new ‘comprehensive guidance’ on Deferred Prosecution Agreements
The FCPA Blog
October 23, 2020
The UK Serious Fraud Office published a chapter Friday from its internal Operational Handbook that offers “comprehensive guidance” on how it approaches Deferred Prosecution Agreements (DPAs), and how it “engages with companies where a DPA is a prospective outcome.”… Continue Reading
Goldman Sachs reaches $3.3 billion resolution of Malaysia FCPA violations
Harry Cassin
October 22, 2020
The DOJ and SEC Thursday imposed $3.3 billion in financial penalties against Goldman Sachs Group Inc. and a Malaysia subsidiary to resolve FCPA charges related to Malaysian sovereign wealth fund 1Malaysia Development Berhad.… Continue Reading
At Large: Are compliance officers generalists or specialists?
Richard L. Cassin
October 22, 2020
All compliance officers have special skills that set them apart from everyone else. They’re “subject matter experts” in ethics and compliance. That makes them unique. But within the ranks of compliance officers, who are the generalists and specialists?… Continue Reading
World Bank follows DOJ by evaluating corporate compliance programs
Joshua Ray
October 21, 2020
The World Bank’s enforcement arm, the Integrity Vice Presidency (INT), signaled this month they are mirroring initiatives first put forth by U.S. law enforcement. Specifically, INT indicated that they are investing significant resources into formally evaluating companies’ compliance programs during an investigation.… Continue Reading
OFAC fines Warren Buffett’s Berkshire Hathaway $4 million for Iran sanctions violations
Richard L. Cassin
October 20, 2020
The U.S. Treasury Department’s Office of Foreign Assets Control said Wednesday it fined Berkshire Hathaway, Inc. $4.2 million after a subsidiary based in Turkey knowingly violated OFAC’s sanctions against Iran.… Continue Reading