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 biggest business story in the world this week? Short seller Hindenburg Research’s January 24 report that accuses India’s flashiest conglomerate, Adani Group, of stock manipulation, accounting fraud, and yes, corruption.… Continue Reading
There was good news for compliance officers last week. They’re in demand, and their pay is rising. But there was bad news too. In the finance sector, compliance officers feel overworked and underpaid.… Continue Reading
Qatar joined a number of countries across the globe that are implementing stricter laws to combat the illicit use of cryptocurrencies in terrorist financing and money laundering.… Continue Reading
A globally coordinated day of enforcement action — involving sharing of evidence and intelligence, and information collection activities such as search warrants, interviews and subpoenas — against suspected offshore tax evasion orchestrated by a Central American financial institution was undertaken last week by the Joint Chiefs of Global Tax Enforcement (J5) from the United Kingdom, United States, Canada, Australia and the Netherlands.… Continue Reading
Nearly a third of employees in Singapore were aware of misconduct at work during the past year but many of them didn’t report it to management.… Continue Reading
Reuters reports that a number of former Australian judges have sent an open letter to Prime Minister Scott Morrison, calling for the establishment of a national anti-corruption body.
They believe that such a body would go some way to restoring public trust in the country’s democratic process.… Continue Reading
The Institute of Business Ethics has expanded its Ethics at Work survey to cover Australia and New Zealand (in addition to Europe), and surveyed over 2,000 employees to provide insight into employees’ views on ethics across all sectors and job roles.… Continue Reading
The UK Serious Fraud Office said Tuesday it has brought more charges against two individuals already facing trial as part of the Unaoil investigation.
Basil Al Jarah and Ziad Akle were both charged last week with conspiracy to give corrupt payments.… Continue Reading
Almost all major international bribery cases involve third parties, typically commercial agents who pass on part of their commissions to government officials as bribes. As demonstrated by Richard Bistrong’s recent post, the relationship between these agents and their international clients is often psychologically complex.… Continue Reading
The Australian government has tabled a series of new laws covering foreign bribery and other economic offenses. If these are passed into law, as we expect, they will make it much easier to prosecute companies for bribery offenses committed either at home or abroad.… Continue Reading
The World Bank Thursday said it debarred five subsidiaries of a leading Australia-based engineering firm after the bank found evidence of “inappropriate payments.”
SMEC International Pty. Ltd., a subsidiary of SMEC Holdings Pty.… Continue Reading
There have been only two foreign bribery prosecutions in Australia — one involving banknote printing companies Securency and Note Printing Australia, and another involving the construction company Lifese.
Why so little enforcement activity?… Continue Reading
