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
It is only in the last ten years that incentives for whistleblowing have gained steam in Brazil. This has resulted from factors such as the recognition of plea bargaining (delação premiada) in Law Nº 12,850 of 2013 and the initiation, in 2014, of Operation Car Wash, the most extensive corruption investigation in the history of Brazil.… Continue Reading
Brazilian petrochemical maker Braskem S.A. disclosed in an SEC filing late Friday that it is investigating alleged “improper payments” related to an ethylene project in Mexico.… Continue Reading
Odebrecht, the Brazilian construction giant that entered into a $3.5 billion global bribery resolution in December 2016 with authorities in the United States, Brazil, and Switzerland, announced last month the completion of independent external compliance monitoring.… Continue Reading
Vitol Inc., the U.S. affiliate of Geneva-based Vitol group, entered into a deferred prosecution agreement with the Department of Justice Thursday to settle two charges that it conspired to violate the anti-bribery provisions of the FCPA by bribing officials in Brazil, Ecuador, and Mexico.… Continue Reading
I recently conducted a virtual training session, during which I displayed a slide showing the top ten FCPA fines and penalties in history. A curious attendee asked whether my figures represent the DOJ and SEC’s gross penalties or the amounts that companies were actually obliged to pay to the U.S.… Continue Reading
São Paulo-based conglomerate J&F Investimentos pleaded guilty Wednesday to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act for a scheme to bribe officials in Brazil. … Continue Reading
Last week, Sargeant Marine agreed to pay the DOJ $16.6 million to settle FCPA charges that it bribed officials in multiple South American countries. The bribes it paid in Brazil alone helped the company and its trading affiliate win Petrobras contracts worth $185 million.… Continue Reading
An asphalt company based in Boca Raton, Florida pleaded guilty Tuesday to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act for a scheme to bribe officials in three South American countries.… Continue Reading
Consumer health giant Johnson & Johnson said Friday it is “responding to inquiries” from the DOJ and SEC about the Foreign Corrupt Practices Act.… Continue Reading
Connecticut-based Alexion Pharmaceuticals, Inc. agreed to pay $21.4 million to resolve SEC charges that the company violated the FCPA by bribing foreign officials in Turkey and Russia, and failing to maintain accurate books and records at subsidiaries in Brazil and Colombia.… Continue Reading
Call it fragmented supply-side enforcement. It’s where we are now in the historical development of anti-bribery enforcement. If you believe that anti-bribery enforcement should reduce global corruption, then this is a major problem.… Continue Reading
In October, new regulations from the Brazilian Central Bank will go into effect targeting the prevention of the use of the financial system for money laundering, terrorist financing, the proliferation of weapons of mass destruction, and suspicious transaction reporting.… Continue Reading
