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
The DOJ announced that Daniel Kahn became Chief of the FCPA Unit, effective June 1.
Kahn had been acting chief of the FCPA Unit since March, when his then boss, Patrick Stokes, became Senior Deputy Chief of the Fraud Section.… Continue Reading
Indian businessman and politician Vijay MallyaIt was not long ago that Vijay Mallya, a flashy Indian businessman and a former member of parliament, was celebrating his 60th birthday in style in Goa where Latin pop star Enrique Iglesias had been flown in especially for the occasion.… Continue Reading
Job Title: Legal & Compliance Officer
Employer: Alstom
Location: Rochester, NY, USA
Description
The Railway industry today is characterized by both a strong and sustained growth across the world. The trends that drive this are well known: environmental challenges, population growth, urbanization and increasing demands for mobility.… Continue Reading
A jury in the Bahamas Tuesday convicted a former board member of the Bahamas Electricity Corporation of bribery, finding he took hundreds of thousands of dollars to help Alstom win contracts, reduce penalties for late performance, and overturn a government award to a competitor.… Continue Reading
On March 16, the U.S. District Court for the District of Connecticut affirmed its earlier ruling 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
The UK Serious Fraud Office charged another individual Tuesday as part of the ongoing investigation into Alstom.
Terence Stuart Watson, the Alstom Country President for the UK and Managing Director of Alstom Transport UK and Ireland, was charged with violating section 1 of the Prevention of Corruption Act 1906 and with conspiracy to corrupt contrary to section 1 of the Criminal Law Act 197.… Continue Reading
Job Title: Legal & Compliance Officer
Employer: Alstom
Location: Rochester, New York USA
Description
Assist the Vice President, Legal & Compliance in maintaining the company’s compliance program and the company’s compliance with applicable international, federal, state, and local laws and regulations issued by various international, federal and state agencies, Interact closely with Region management and VP, Legal & Compliance on compliance issues applicable to the business in North America .… Continue Reading
The biggest FCPA settlement in 2015 was BHP Billiton. It paid $25 million to the SEC to settle Olympics-related FCPA offenses. The case fell far short of the Top Ten List, missing a tenth place finish by a whopping $160 million.… Continue Reading
Eric Young of McEldrew YoungThe SEC received 16 percent more tips from whistleblowers concerning suspected violations of the Foreign Corrupt Practices Act in fiscal year 2015 than it did the previous year, according to the annual report released by the SEC Office of the Whistleblower. … Continue Reading
The director of the UK Serious Fraud Office spoke Monday at the annual Cambridge Economic Crime Symposium at Jesus College.
One question David Green answered is why SFO cases take so long to conclude.… Continue Reading
Budapest Metro (Image courtesy of Alstom)The UK Serious Fraud Office said Tuesday that it charged another former Alstom executive for bribing foreign officials.
The SFO charged Jean-Daniel Lainé when he appeared at Westminster Magistrates’ Court.… Continue Reading
When companies have FCPA problems, their decision to cooperate with the DOJ can save them tens of millions of dollars. What is cooperation?
Leslie Caldwell, the chief of the DOJ’s criminal division, talked Friday at the NYU Law School about corporate compliance and enforcement.… Continue Reading
