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
Guilty Plea Follows El Paso’s Settlement of FCPA Violations Earlier This Year Oscar Wyatt Jr., 83, pleaded guilty on October 1, 2007 to one count of conspiracy to commit wire fraud in connection with the U.N. oil-for-food program. The U.S. Government accused him of paying millions in illegal surcharges directly to Iraqi officials in […]
[…] been omitted. Here are the current 106 names: 1 ABM Industries Incorporated 2 Accenture PLC 3 Agilent Technologies Inc 4 Airbus Group 5 Alstom SA 6 Analogic Corporation 7 Anheuser-Busch InBev SA/NV 8 AstraZeneca PLC 9 Avon Products Inc 10 Barclays PLC 11 Beam Inc 12 BHP Billiton Ltd 13 Bio-Rad Laboratories Inc 14 […]
[…] what the DOJ has to say to its U.S. Attorneys: _____________ While the Department recognizes that no compliance program can ever prevent all criminal activity by a corporation’s employees, the critical factors in evaluating any program are whether the program is adequately designed for maximum effectiveness in preventing and detecting wrongdoing by employees and […]
South Korea’s largest telecom company, KT Corporation, paid the SEC $6.3 million Thursday to resolve charges that it violated the Foreign Corrupt Practices Act by providing improper payments to government officials in South Korea and Vietnam. In an internal administrative order, the SEC charged the Seoul-based company with violating the FCPA’s books and records […]
[…] focus on the “corporate identification doctrine.” The corporate identification doctrine has long been the mechanism by which courts in Canada and the UK attribute criminal responsibility to corporations for the misdeeds of individuals working for the corporations. In short, the corporate identification doctrine provides that a corporation may be convicted of a criminal offense, […]
As part of its recent settlement with the SEC, Ralph Lauren Corporation agreed to disgorge $593,000 that was “obtained or retained as a result of the violations discovered during the investigation,” along with $141,846 in pre-judgment interest.
[…] need compliance programs that work. Here’s an excerpt from a comment under Title 9-28.800, Corporate Compliance Programs: Prosecutors should . . . attempt to determine whether a corporation’s compliance program is merely a “paper program” or whether it was designed, implemented, reviewed, and revised, as appropriate, in an effective manner. In addition, prosecutors should […]
Job Title: Senior Risk Officer Location: Washington, D.C. Company: International Finance Corporation (IFC) Background / General Description International Finance Corporation (IFC), the private sector arm of the World Bank Group, is a global leader, investor and advisor committed to projects in its developing member countries that reduce extreme poverty and boost shared prosperity. IFC finances private sector […]
On March 24, Ball Corporation, an Indiana corporation based in Broomfield Colorado, paid a $300,000 penalty to settle civil FCPA books and records and internal control charges brought by the the SEC.
[…] Japan, two from Singapore, and two from South Korea. Of those actions, the five biggest are: Keppel Offshore & Marine Ltd. (Singapore)– $422 million in 2017 Panasonic Corporation and Panasonic Avionics Corporation (Japan) — $280.6 million in 2018 JGC Corporation (Japan) — $218.8 million 2011 Marubeni Corporation (Japan) $88 million in 2014, and Samsung […]