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
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
Compliance professionals should exult as a major global concern, Siemens, has named a CCO to its Board of Directors.
Railway Gazette reported that “Sylvie Kandé de Beaupuy, Group Ethics & Compliance Officer of Airbus Group” has been nominated to the combined Board of Directors created from the Siemens Mobility-Alstom merger.… 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.
Since the release in October 2016 of ISO 37001 — a standard for anti-bribery management systems — the French rail transport company Alstom obtained a certification under it.… 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
New anti-corruption legislation adopted Tuesday by France allows companies to enter into negotiated settlements with magistrates.
“The new system, allowing for a Deferred Prosecution Agreement (DPA), aims to speed up lengthy legal procedures,” VOA News said.… Continue Reading
A former director of the the Bahamas Electricity Corporation who took more than $220,000 in bribes from Alstom is too sick to face prison, a judge ruled Friday.
Fred Ramsey, 79, was convicted by a Bahamas jury in May of taking $221,457 to influence the award of a contract for generators to Alstom Espana SA.… Continue Reading
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
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