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
Two senior managers of the China Roads and Bridge Construction Company were arrested in Kenya for allegedly giving bribes to highway authority officials to cover up the use of overloaded trucks.… Continue Reading
AlixPartners recently conducted its annual anticorruption survey which looked at the impact corruption has on corporate and economic growth. In particular, we explored the ways companies are identifying corruption risk and the steps they’re taking to deal with the risks.… Continue Reading
Kenyan authorities arrested 77 Chinese nationals for allegedly operating a cybercrime command center capable of disrupting the country’s communication and financial systems.
Police raided a rented house in Nairobi after a fire broke out there and found “sophisticated” hacking and communications equipment, the Nation reported.… Continue Reading
Last month, the DOJ’s Leslie Caldwell, described the fight against corruption as “a necessary enforcement action to protect our own national security interests and the ability of our U.S. companies to compete on a global scale.”… Continue Reading
One of the ongoing definitional challenges facing compliance professionals worldwide is whether and under what circumstances traditional authorities, such as aboriginal ‘‘band’’ or ‘‘tribal’’ leaders, qualify as ‘‘foreign officials’’ under the FCPA. … Continue Reading
We’ve been talking for years here at the FCPA Blog about the dangers of uneven anti-bribery enforcement among capital-exporting nations. I’ve written about what happens when some capital-exporter enforce a bribery prohibition while some do not; in particular, when the United States enforces and China does not.
Vale CEO Murilo Ferreira (Image courtesy of Vale)Brazilian miner Vale said it is considering legal options after the government of Guinea announced Friday the official revocation of mining licenses for iron ore concessions held by a joint venture between Vale and BSG Resources.… Continue Reading
Och-Ziff Capital Management Group said in an SEC filing Wednesday the SEC and DOJ are investigating whether it violated the Foreign Corrupt Practices Act in connection with an investment from a sovereign wealth fund.… Continue Reading
Frederic Cilins, 51, a French citizen, pleaded guilty Monday in the Southern District of New York to obstructing a federal criminal investigation into whether a mining company paid bribes to win mining rights in the Republic of Guinea.… Continue Reading
A new survey of general counsels and compliance officers found that 30% of companies in North America, Europe, and Asia stopped doing business with a partner because of corruption risks.
The survey results published this week by FCPA Blog-sponsor AlixPartners found that Africa and Russia are perceived as the areas representing the greatest risk.… Continue Reading
Image courtesy of NCR CorporationHere’s what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:
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In 2012, NCR received anonymous allegations from a purported whistleblower regarding certain aspects of the Company’s business practices in China, the Middle East and Africa.… Continue Reading
Kansas-based Layne Christensen Company said last week it has increased its reserve for a potential FCPA settlement from $4.8 million to $10.4 million. That amount, the company said, represents the low end of the range for a possible settlement, which could also reach $16 million or more.… Continue Reading
