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
The United States, the European Union, Canada, and the UK announced coordinated sanctions against Russia this weekend. The sanctions are designed mainly to block major banks from the SWIFT financial network and isolate families close to President Vladimir Putin.… Continue Reading
The chairman of Swiss-headquartered mining company Glencore plc and two other directors formed a new committee to respond to the DOJ’s subpoena related to compliance with the FCPA and money laundering laws.… Continue Reading
One of the most common discussions in the ethics and compliance community today revolves around the idea of using corporate values to foster ethics in organizations. Though this conversation has helped practitioners move away from a check-the-box compliance approach, practices based on corporate values have unwittingly created a check-the-box approach to ethics, obscuring the disconnect between external values and what the organization actually values.… Continue Reading
Job Title: Senior Counsel, Regulatory Compliance
Employer: BP
Location: Sunbury or London UK
Role synopsis
This role is part of the regulatory compliance team that manages the high-risk legal areas of anti-bribery and corruption (ABC) and anti-money laundering (AML) for BP businesses around the world, and has a particular focus on Europe, Africa, the Middle East, Russia, and other parts of Asia.… Continue Reading
The recently announced BNP sanctions settlement is remarkable in so many ways: the behavior is outrageous, the $9 billion criminal penalty is record-setting, and 13 employees were terminated. However, the most interesting part of the story may be the idea that the DOJ is exploring ways to use the forfeited funds to compensate individuals who may have been harmed by the sanctioned regimes of Sudan, Iran and Cuba.… Continue Reading
Aaron Bornstein wrote in the prior post of the potential to use recovered bribe proceeds or stolen assets to fund BOTA-inspired programs in developing countries. That possibility is real, and important. … Continue Reading
Attorney General Eric Holder announces Bank of America’s $16.65 billion settlement on August 21, 2014.Two recent blockbuster DOJ settlements have two things in common: 1) record-setting financial penalties, and 2) a portion of those penalties being set aside to fund programs to benefit the communities harmed by the crime.… Continue Reading
Job Title: Ethics and Compliance Director
Employer: BP Group
Location: Singapore
Description
The Ethics and Compliance Director role is responsible for leading a team of E&C professionals to support their region, business and functions to appropriately assess ethics and compliance by providing advice, frameworks and tools.… Continue Reading
A research center in Angola paid for by foreign oil companies who won the rights to some of the country’s 9.1 billion barrels of oil reserves can’t be found, Tim Fernholz reported in Quartz.… Continue Reading
Indonesia‘s Corruption Eradication Agency arrested the head of the country’s oil and gas regulator late Tuesday at his home in Jakarta.
Rudi Rubiandini, the chairman of SKKMigas, was detained on suspicion of corruption.… Continue Reading
Here’s a thoughtful comment from a U.S.-based compliance professional who asked not to be named:
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I think that as China continues to march to the largest economy in the world it is going to have increasing influence in the world in many areas.… Continue Reading
We saw in the last post that neither restitution nor disgorgement will work very well in compensating the victims of overseas corporate bribery.
But here’s something that might.
Look at what the federal enforcement agencies already do in the field of environmental law.… Continue Reading