News and commentary about white-collar crime, enforcement, and compliance
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
A former United Parcel Service employee who alleged the company submitted false claims to the federal government for delivery of Next Day Air overnight packages will collect $3.75 million as part of a False Claims Act settlement, the DOJ said Tuesday.
Roger Wilkins AO (Australia) FATF President 2014-2015The U.S. Treasury Department’s Financial Crimes Enforcement Network sets risk-based compliance obligations of U.S. financial institutions. FinCEN directs counter-measures against the countries with the highest risk and enhanced due diligence against others.
[…] few key takeaways that smart companies and their compliance departments can act upon now or in the near future. For instance: Leverage the USMCA to increase the buy-in for anti-corruption compliance – As anti-corruption practitioners are well aware, buy-in across a company’s various divisions is essential for effective compliance. And within international companies, buy-in […]
Port au Prince after the January 2010 earthquake, courtesy of WikipediaThe former head of counter-fraud at anti-poverty group Oxfam was sentenced to prison for more than two years after using fake companies to defraud Oxfam while working in Haiti.
2014 General Election MapElection officials in India since March have seized $36 million in cash, about 700,000 gallons of alcohol, and 220 pounds of heroin intended to buy votes for the ongoing 2014 election.
For nearly five years Citigroup Inc. sent retail customers the wrong research ratings on more than 1,800 stocks, causing many to buy and hold shares they never would have owned.
[…] King Abdullah. At that meeting, King Abdullah committed to a $60 billion purchase of American military aircraft. Gates explained: ministers and generals had pressed him hard to buy either Russian or French fighters, but I think he suspected that was because some of the money would end up in their pockets. He wanted all […]
Remember when Siemens talked hopefully about a quick resolution of its global corruption scandal? Clean house, deal with regulators and prosecutors, turn the page and move forward. Well, forget quick. It’s not going to happen. Every day, it seems, there’s more bad news. The latest is reported in the Wall Street Journal’s law blog: […]
[…] the worst CEOs of 2012, Bloomberg Businessweek included Avon’s Andrea Jung. Thanks in part to the FCPA. Jung, left, ranked as the third worst CEO (behind Best Buy’s Brian Dunn and Chesapeake Energy’s Aubrey McClendon). She stepped down as chief executive of Avon in April and leaves her chairman post at the end of […]
Some time ago, I wrote a post for the FCPA Blog stating that pandemic-related fraud was a ticking time bomb, and that global g overnments and financial institutions were perched uncomfortably atop this explosive device. Those of you who work in the counter-fraud/insolvency fields will no doubt have predicted these consequences too, but I […]