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
When I talked to groups in Asia about the FCPA, there was always lots of interest, with at least half my podium time devoted to Q&As. But there was one question no one ever asked: “Why is there so little FCPA enforcement against Asian companies?”… Continue Reading
When trying to determine how to allocate compliance resources across Asian markets, the more developed and mature markets such as Malaysia, South Korea, Japan and Thailand are often given only residual attention because they are deemed fairly easy places to operate in.… Continue Reading
A survey in Asia by Transparency International found that just over one in four people had paid a bribe to access public services during the prior year.
That means about 900 million people had paid bribes in the surveyed countries.… Continue Reading
President Xi Jinping visits UNESCO in Paris in 2014A new phase has begun in the maturation of China as an economic superpower, an era that President Xi Jinping has taken to calling “the new normal.”… Continue Reading
A new survey of general counsels and compliance officers found that 30% of companies in North America, Europe, and Asia stopped doing business with a partner because of corruption risks.
The survey results published this week by FCPA Blog-sponsor AlixPartners found that Africa and Russia are perceived as the areas representing the greatest risk.… Continue Reading
To the Department of Justice and the Securities and Exchange Commission:
The open-letter draft published on October 23, 2013 generated extraordinary interest among compliance professionals and other readers in the United States and in Latin America, India and China — countries directly affected by the Wal-Mart investigation.… Continue Reading
Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.
An EY survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea.… Continue Reading
[Editors’s note: This post is Part Four in a series about compliance officers. Part One is here, Part Two is here, and Part Three is here.]
In a prior post concerning the special role and risks of compliance officers, I criticized the way they’re lumped together with other employees instead of being recognized for the unique anti-corruption work they do daily.… Continue Reading
The GSK China bribery investigators are probably going to name several other significant foreign companies in the coming days and weeks. The State Administration for Industry & Commerce (SAIC) has already announced that investigations into several other pharmaceutical companies have begun.… Continue Reading
Last week I had the pleasure of attending Global Financial Integrity’s panel discussion and book launch for Laurence Cockcroft’s Global Corruption: Money, Power, and Ethics in the Modern World.
The panel, which included my professor at Georgetown, Lester Myers, Michael Hershman of the Fairfax Group, Raymond Baker of GFI and Mr.… Continue Reading