News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
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
Bill Steinman
Contributing Editor
A former Alstom SA executive who carried a UK passport, worked in France, and said he never set foot in the United States, was convicted Friday by a federal jury on 11 of 12 counts for his part in a scheme to bribe government officials in Indonesia.… Continue Reading
Federal District Court Judge Janet Bond ArtertonA federal district court ruled Monday that Lawrence Hoskins, the British national who worked for Alstom, will have to face a trial for violating the Foreign Corrupt Practices Act and related offenses.… Continue Reading
A former Alstom executive arrested in 2014 for FCPA and related offenses has asked a federal judge to dismiss the charges against him because the DOJ has denied his right to a speedy trial.… Continue Reading
The African Development Bank said Thursday it debarred several former Alstom companies now owned by GE Power for up to 76 months because of fraud and bribery committed on two bank-financed projects in Egypt.… Continue Reading
Former Alstom executive Nicholas Reynolds was found guilty Wednesday in a UK court for his role in bribing Lithuanian officials for power station contracts.
Reynolds, 53, a UK citizen, was the global sales director for Alstom Power Ltd’s boiler retrofits unit.
He was convicted in the Blackfriars Crown Court in London of conspiracy to bribe officials in a Lithuanian power station and senior Lithuanian politicians in order to win two contracts worth $274 million to perform upgrades, the SFO said.
Alstom companies paid more than $5.7 million in bribes to secure the contracts.… Continue Reading
On August 24, the United States Court of Appeals for the Second Circuit ruled that a non-resident foreign national cannot be held criminally liable for aiding or abetting or conspiring to violate the Foreign Corrupt Practices Act, unless the government can show that he acted as an agent of a “domestic concern” or while physically present in the United States.… Continue Reading
A federal appeals court ruled Friday that a non-resident foreign national cannot be charged with conspiracy to violate the Foreign Corrupt Practices Act or with aiding and abetting a violation of the FCPA, unless the government can show that he acted as an agent of a “domestic concern” or while physically present in the United States.… Continue Reading
Prosecutors in Tokyo used a plea bargain to resolve an overseas bribery case with a power plant maker under a new law adopted in June, according to a report from Japan.… Continue Reading
Sylvie Kandé de Beaupuy (Image courtesy of Alstom)Compliance professionals should exult as a major global concern, Siemens, has named a CCO to its Board of Directors.… Continue Reading
Is my anti-corruption program effective or not effective? In the United States, companies only receive the definitive answer to that question in worst case scenarios — at the back end of a governmental program evaluation, typically while under FCPA scrutiny by the DOJ.… Continue Reading
An aspect of ISO 37001 that makes it such a big topic is that it is marketed as a standard that can be audited and certified.… Continue Reading
Alstom has obtained the first AFAQ ISO 37001 certification awarded by AFNOR Certification following an audit carried out between March and May 2017 at seven sites in France and Europe, confirming its commitment to fight corruption.… Continue Reading