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
Swiss conglomerate ABB Ltd agreed Friday to pay penalties of $462.5 million to resolve charges that it violated the Foreign Corrupt Practices Act by bribing a South African official to win contracts for a power plant project.… Continue Reading
On the YouTube homepage, I was recently presented with a thumbnail that read “The incredible wealth of Luanda, Angola.” I was immediately interested. My geography isn’t great, but I can usually identify most places that have earned naming rights to an ICIJ leak.… Continue Reading
As the recent high-level and healthy debate on the FCPA Blog has shown, there are various ways to gather and analyze corruption-risk data at the country level, all of which have respective pros and cons but nevertheless are indispensable in our era of risk-based compliance decision-making.… Continue Reading
They are so familiar to those of us who follow FCPA enforcement actions that we’re likely to stop noticing them. Petrobras in Brazil, Corpoelec and PDVSA in Venezuela, Pemex and CFE in Mexico, Takilant in Uzbekistan, Sonangol in Angola, Alba in Bahrain, Telecommunications D’Haiti, 1MDB in Malaysia, and Pertamina in Indonesia.… Continue Reading
Last week, Sargeant Marine agreed to pay the DOJ $16.6 million to settle FCPA charges that it bribed officials in multiple South American countries. The bribes it paid in Brazil alone helped the company and its trading affiliate win Petrobras contracts worth $185 million.… Continue Reading
In 2013, National Security Agency contractor Edward Snowden leaked a large volume of highly classified information to investigative journalists, inspiring a new generation of whistleblowers. Since then, we’ve all been given access to the Panama and Paradise Papers.… Continue Reading
The former CEO and former chief operations officer of Monaco-based Unaoil pleaded guilty in March to arranging millions in bribes to officials in at least ten countries, and a former Unaoil business development director pleaded guilty in August last year, the DOJ said Wednesday.… Continue Reading
The UK Serious Fraud Office fined FH Bertling Ltd £850,000 ($1 million) Monday for bribes to secure contracts in Angola.
The investigation and prosecution focused on Germany-headquartered FH Bertling’s involvement in an oil project in Angola and employees bribing a local state oil company official to secure $20 million in shipping contracts, the SFO said. … Continue Reading
The UK Serious Fraud Office said three former FH Bertling Group senior executives and a ConocoPhillips employee were convicted Tuesday for their role in a bribes-for-contracts plot.
Executives at Germany-headquartered FH Bertling paid around $445,000 in bribes to win a freight forwarding contract with ConocoPhillips worth $20 million.… Continue Reading
Two former executives of SBM Offshore, N.V. were sent to prison Friday for their role in bribing officials at state-owned oil and gas companies in three countries.
Former CEO of Netherlands-based SBM Offshore Anthony “Tony” Mace, 66, was sentenced to 36 months in prison and ordered to pay a fine of $150,000. … Continue Reading
Cobalt International Energy, Inc. said in a securities filing Tuesday that the SEC has finished its second FCPA investigation into the company’s Angola operations and won’t bring an enforcement action.
Houston-based Cobalt said the SEC opened the second investigation in March 2017.… Continue Reading
Three former senior employees of the F.H Bertling group who pleaded guilty to overseas bribery were given suspended jail sentences Friday in London.
Joerg Blumberg, Dirk Juergensen and Marc Schwieger were each given a 20 month sentence, suspended for two years, and a £20,000 ($26,000) fine.… Continue Reading
