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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

AB Volvo Settles FCPA Charges For $19.6 Million

AB Volvo today entered into a consent agreement with the U.S. Securities and Exchange Commission and a deferred prosecution agreement with the Department of Justice to resolve Foreign Corrupt Practices Act violations in Iraq caused by two subsidiaries under the U.N.… Continue Reading

All In The Family

In a post here we described our edits to Wikipedia’s article on the Foreign Corrupt Practices Act (here). Wiki’s old article said a bank owner (pictured far left) whose brother was the minister of finance (far right) would be a foreign official for the FCPA.… Continue Reading

More Weight On The Greens

Thailand’s investigation of the alleged bribery case involving Hollywood movie producers Gerald and Patricia Green is moving ahead. The Thai press reported last week (here, among other places) that the Department of Special Investigation has found enough evidence of alleged bribery to refer the matter to the National Counter Corruption Commission (NCCC), which handles prosecutions involving high-level public corruption.… Continue Reading

Back On Track

A reader pointed out that our assault last week on Wikipedia (here) was senseless. That’s because if you don’t like something on Wiki — in our case its FCPA article — just change it.… Continue Reading

The FCPA Takes A Holiday?

It’s been a quiet time here at the FCPA Blog. Not much to report — which isn’t a bad thing. We’ve had a chance to clean our desk, get our shoes shined, and pick on Wikipedia.… Continue Reading

The DOJ’s Wrong Medicine For Monitors

Hearings by the U.S. House of Representatives’ Subcommittee on Commercial and Administrative Law on “Deferred Prosecution: Should Corporate Settlement Agreements Be Without Guidelines?” are now underway. In advance of the hearings, the DOJ last week issued new internal guidelines on the selection and handling of monitors.… Continue Reading

The FCPA For Everyone

Wikipedia — “the free encyclopedia that anyone can edit” — has a page on the Foreign Corrupt Practices Act here. It defines the FCPA this way:

The Foreign Corrupt Practices Act of 1977 (15 U.S.C.Continue Reading

Europe Discovers The FCPA

John Russell, the managing editor of London-based Ethical Corporation magazine, has a nice article here about enforcement of the Foreign Corrupt Practices Act against European companies. This “new” FCPA compliance risk, the article says, is catching a lot of people by surprise.… Continue Reading

More Monitors, More Controversy

Reporter Mary Flood writes about deferred prosecution agreements in the February 29, 2008 Houston Chronicle here. For those new to the subject, deferred prosecution agreements (sometimes called non-prosecution agreements) allow corporations to avoid trials and criminal convictions in exchange for fines and compliance monitoring.… Continue Reading

California Here We Come

We’ve said before (here and here) that there’s no private right of action under the FCPA. Which means offenses can be prosecuted only by the U.S. Department of Justice or the Securities and Exchange Commission.… Continue Reading

Pride Discloses Global Corruption Probe

Pride International, Inc., a Houston-based drill-rig provider to the oil and gas industry, disclosed in its February 29, 2008 Form 10-K (annual report) an ongoing internal investigation into potential violations of the Foreign Corrupt Practices Act.… Continue Reading