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
Formula One is an exciting spectacle. Unfathomable speed, exotic locations, and ultra-luxury brands make for a compelling fan experience without mentioning all the behind-the-scenes drama. F1 enthusiasts worldwide come together each race day to cheer on their drivers and teams.… Continue Reading
Azerbaijan’s Financial Market Supervisory Authority was scrapped in November, with its powers vested back to the former regulator. While the agency had contributed to a positive impact on the financial industry at the global level, its work at ground level may give hints on why the decision was taken.… 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
Enforcement actions by U.S. and European enforcement agencies as well as the World Bank have drawn attention to bribery offenses committed by multinational companies in Russia and other former Soviet republics, in particular in Central Asia.… Continue Reading
The accounting industry is bracing for its new role as accountants are increasingly seen as an important part of the anti-corruption efforts in the private sector of Azerbaijan.… Continue Reading
A London court unsealed an unexplained wealth order Wednesday that names the woman who spent £16 million ($21 million) at Harrods department store buying Cartier jewelry, wine, and other luxury goods.… Continue Reading
United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to settle FCPA offenses related to its Otis Elevator and Pratt & Whitney aircraft engine businesses in China, Azerbaijan, and six other countries.… Continue Reading
United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to resolve charges that it violated the FCPA by making illicit payments in its elevator and aircraft engine businesses.
United Technologies subsidiary Otis Elevator Co.… Continue Reading
Armenia doesn’t top many investors’ lists. The former Soviet republic is in an ongoing military conflict with neighboring Azerbaijan, has two closed trade borders with Turkey and Azerbaijan (borders with Iran and Georgia are open), and pervasive corruption prevents Armenia’s three million citizens from prospering.… Continue Reading
A Russian employee of Bombardier accused of aggravated bribery was acquitted Wednesday when the District Court in Stockholm ruled the charges couldn’t be proved.
Evgeny Pavlov worked for Bombardier Transportation Sweden AB.… Continue Reading
A Russian employee in the Swedish unit of Bombardier has been formally charged with bribing a government official in Azerbaijan to win a $340 million contract for a new train signaling system.… Continue Reading
Authorities in Sweden arrested an executive and questioned several others from international engineering and manufacturing firm Bombardier as part of an investigation into corruption in Azerbaijan.
A March 17 report by the Organized Crime and Corruption Reporting Project (OCCRP) said Bombardier Transportation AB is suspected of paying “millions of dollars in bribes to unidentified Azerbaijani officials through a shadowy company registered in the United Kingdom.”… Continue Reading