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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

Does graft keep OPEC weak?

The Organization of the Petroleum Exporting Countries was founded in Baghdad in 1960 by five countries — Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela. It later expanded to the current twelve members.… Continue Reading

Financial Action Task Force: These nations have AML deficiencies

The Financial Action Task Force (FATF) identified jurisdictions that have strategic deficiencies in their anti-money laundering and financing of terrorism controls in a public statement Friday.

The FATF is a membership body that sets the global standards for anti-money laundering (AML) and financing of terrorism (FT) programs and controls.… Continue Reading

Eni says audit proves no Algeria bribes

Italian state-owned oil giant Eni SpA said a forensic audit proved the company didn’t pay any bribes in Algeria.

Italian and Algerian government investigators have been examining allegations that officials from Saipem SpA, owned 43% by Eni, paid bribes for contracts in Algeria worth billions of dollars.… Continue Reading

In Algeria, Eni investigation snares ex minister

Chekib Khelil, Algeria’s former energy minister, is wanted for corruption (photo courtesy of Wikipedia)Algeria’s former energy minister is wanted on an international arrest warrant for alleged corruption following accusations of bribery involving Italian energy giant Eni.… Continue Reading

New arrest in SNC-Lavalin case

The former head of a Montreal hospital was arrested in Panama Monday on an Interpol warrant charging him with fraud.

Arthur Porter is suspected of taking kickbacks from Canadian engineering giant SNC-Lavalin, according to a report by AFP. … Continue Reading

Global Contagion Report: SNC-Lavalin

Country: Algeria

Company Involved: SNC-Lavalin

Industry: Industrials

Industry Subsector: Heavy Construction

Official Involved: Chakib Khelil, former energy minister

Enforcement Action: Investigation

Summary: The probe into SNC-Lavalin’s activities around the world has reached Algeria.… Continue Reading

Nabors wins declination

Oil services firm Nabors Industries Ltd. said Wednesday the DOJ won’t bring an FCPA enforcement action after an investigation first launched more than five years ago.

Nabors was a customer of Panalpina but not among the seven companies that settled FCPA cases on the same day in November 2010.… Continue Reading

Finmeccanica chief arrested for India bribes

Giuseppe Orsi, chairman and CEO of Finmeccanica (Photo courtesy of Wikipedia)The head of Italian defense firm Finmeccanica SpA was arrested Tuesday by Italian police on allegations that he bribed Indian officials to win sales of helicopters.… Continue Reading

Saipem CEO out in corruption probe

Italian oil and gas drilling contractor Saipem SpA confirmed that it is under investigation for corruption by Italian authorities for alleged payments in Algeria.

Saipem’s board said Wednesday the payments allegedly relate to conduct that occurred before 2009.… Continue Reading