What happens to journalists who report corruption?
Richard L. Cassin
May 19, 2022
One way to understand the virulence of corruption is to look at what happens to journalists who expose it.… Continue Reading
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Richard L. Cassin
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Posts Tagged: Brazil
Stericycle pays $80.7 million to resolve ‘sweet cookie’ FCPA offenses
Harry Cassin
April 20, 2022
Stericycle, Inc. agreed Wednesday to pay the DOJ and SEC $80.7 million in penalties and disgorgement to resolve FCPA offenses in Argentina, Brazil, and Mexico.… Continue Reading
Do compliance officers need a union?
Richard L. Cassin
February 10, 2022
The idea that compliance officers might need or want a union to represent them with management might not seem serious. But’s let’s do our best to have a serious discussion about it anyway.… Continue Reading
What can the Olympics teach us about compliance?
Andy Spalding
February 3, 2022
For the global compliance community, the Olympic Games – and all of megasports – are both a teaching tool and a window.… Continue Reading
Nine companies disclose new FCPA investigations
Harry Cassin
December 13, 2021
So far in 2021, nine companies have disclosed new FCPA investigations. All nine new FCPA investigations disclosed by issuers remain active and open, according to the companies.… Continue Reading
Why does Walmart want this retiring executive to keep quiet about FCPA matters?
Richard L. Cassin
December 2, 2021
In a November 29 press release that was also part of an SEC filing, Walmart Inc. announced the impending retirement of CFO Brett Biggs. The release said Mr. Biggs, 53, who joined Walmart 22 years ago and became CFO in late 2015, will leave in January 2023.… Continue Reading
One of the year’s most important business books is ‘a roller-coaster ride’ about risk management
Richard Bistrong
August 30, 2021
I spoke recently with Richard Fenning (pictured left), the author of What on Earth Can Go Wrong: Tales from the Risk Business. He’s the former global CEO of Control Risks.… Continue Reading
Eight companies disclose new FCPA investigations
Harry Cassin
August 24, 2021
So far in 2021, eight companies, all from different industries, have disclosed new FCPA investigations.… Continue Reading
How has the pandemic affected the anti-corruption fight in Latin America?
Geert Aalbers
August 23, 2021
Corruption has been a critical hurdle for Latin American countries, denting growth, weakening democracy and governance, and violating the rights of citizens. With governments under increasing financial strain and healthcare systems severely impaired by the pandemic, graft’s effects on society are amplified.… Continue Reading
State-Granted Monopolies: Are they your best (and worst) customers?
Richard L. Cassin
July 15, 2021
They are so familiar to those of us who follow FCPA enforcement actions that we’re likely to stop noticing them. Petrobras in Brazil, Corpoelec and PDVSA in Venezuela, Pemex and CFE in Mexico, Takilant in Uzbekistan, Sonangol in Angola, Alba in Bahrain, Telecommunications D’Haiti, 1MDB in Malaysia, and Pertamina in Indonesia.… Continue Reading
Was Amec Foster Wheeler ‘afraid’ of its agents?
Richard L. Cassin
July 1, 2021
It’s a strange scenario. How did London-based Amec Foster Wheeler (AFW) end up with agents in three different countries for a single, relatively small project in Brazil — including two agents disqualified by AFW’s due diligence and a third agent that AFW thought had lost influence?… Continue Reading
World Bank announces three debarments, including six-year sanction for ‘fraudulent and obstructive’ practices
Harry Cassin
June 30, 2021
The World Bank debarred three companies on Wednesday in three separate, unrelated settlements involving projects in Liberia, Yemen, and Brazil. … Continue Reading