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
Because of Covid-19, nearly half of all U.S. workers are now working from home, and a majority of those want to continue working from home after the outbreak ends. Have we reached the point when some employees will have a legally enforceable right to work from home?… Continue Reading
The recent news that U.S. FinCEN records have been leaked to journalists from the ICIJ, BBC, and BuzzFeed News surprised me much more than their predecessor revelations, the Panama and Paradise Papers.… Continue Reading
For compliance professionals and the programs they run, politically exposed persons are a big deal. PEPs trigger money laundering and corruption concerns and therefore attract enhanced due diligence. So, I always assumed PEPs are easy to identify.… Continue Reading
The acquittal of three Barclays executives is certainly not the Serious Fraud Office’s finest hour. Nobody at the SFO would ever claim that to be the case.… Continue Reading
Last year 14 companies paid a record $2.9 billion to resolve FCPA cases. That includes amounts assessed in resolutions with the DOJ or SEC or both.… Continue Reading
During the third calendar quarter there were seven corporate FCPA enforcement actions with penalties and disgorgement totaling about $78.5 million.
For comparison, in Q3 2018 there were also seven corporate FCPA enforcement actions.… Continue Reading
Barclays PLC paid the SEC $6.3 million Friday to settle FCPA offenses related to the hiring of relatives of public officials in Asia.
The British bank disgorged $3.8 million and paid a $1.5 million penalty to the SEC, plus pre-judgment interest of $984,000.… Continue Reading
In December 2012, a payment processing company based in Johannesburg called Net 1 UEPS Technologies, Inc. disclosed some bad news. The DOJ and SEC had launched FCPA investigations.
The feds wanted to know if Net1 paid bribes to win a contract from the South Africa Social Security Agency (SASSA).… Continue Reading
Barclays chief executive Jes Staley was fined £642,430 ($871,000) by UK regulators Friday for trying to identify an anonymous whistleblower who made allegations about Staley’s role in recruiting another employee.
The Financial Conduct Authority and the Prudential Regulation Authority said Staley failed to “act with due skill, care and diligence” by trying to hunt down the whistleblower.… Continue Reading
The case of Barclays chief Jes Staley attempting to unmask an anonymous whistleblower came to an almost imperceptible and silent ending recently when the UK’s Financial Conduct Authority concluded that Staley’s actions were not done intentionally but apparently with some other, lesser standard.… Continue Reading
Two recent stories involving whistleblowers demonstrated the extremes in company responses.
The first story involved Barclays and its CEO Jes Staley violating the company’s own policy by trying to unmask an anonymous whistleblower.… Continue Reading
Trust Across America’s focus has always been on finding and highlighting the “best in breed” corporate citizens while leaving the worst for the scrutiny of others. But today is only Wednesday and my inbox is swamped with so many trust busting stories that my head is spinning.… Continue Reading