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
Every compliance training session should include this warning: If you ever become involved with, see, or otherwise discover a potential FCPA violation, stop everything. Don’t clean your desk, empty the trash can, or clear your browser history.… Continue Reading
In one of the most high profile corruption stories around, reports in the Financial Times said BSGR filed for receivership, and on Tuesday entered into voluntary administration in Guernsey, where the company is registered.… Continue Reading
Beny Steinmetz, detained Monday for questioning Beny Steinmetz was detained Monday in Israel for a second time for questioning in connection with bribery of high ranking foreign officials in Guinea.
The police action was part of a joint investigation by the Israeli Police and authorities from Switzerland, the United States and Romania.… Continue Reading
The UK Serious Fraud Office released a statement Monday confirming that it has opened a corruption investigation into mining giant Rio Tinto.
The SFO said the investigation targets “suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it,” according to an alert from FCPA Tracker.… Continue Reading
BSG Resources Limited said it sent a letter to Rio Tinto plc Monday alleging that Rio Tinto contributed to the loss of BSGR’s mining rights in Simandou, Guinea by paying bribes and making false allegations.… Continue Reading
Global mining giant Rio Tinto said it suspended the chief executive of its energy and minerals division while it investigates more than $10.5 million paid to a consultant for the Simandou iron ore project in Guinea.… Continue Reading
Image courtesy of Global Witness via YouTubeA federal court in Florida last week granted a request by prosecutors to seize three properties and various restaurant equipment from Mamadie Touré.
Touré, left, is the widow of Lansana Conté, a dictator who ruled the west African country of Guinea for 24 years before he died in 2008.… Continue Reading
During the third calendar quarter, there was one corporate settlement of an FCPA enforcement action and two individual resolutions. (The third quarter last year was less active, with no corporate resolutions.)… Continue Reading
A French citizen who used to work for mining giant BSG Resources was sentenced Friday to two years in prison for obstructing an investigation into bribery allegations.
Frederic Cilins, 51, faced up to five years in prison after pleading guilty in March in federal court in New York.… Continue Reading
Vale CEO Murilo Ferreira (Image courtesy of Vale)Brazilian miner Vale said it is considering legal options after the government of Guinea announced Friday the official revocation of mining licenses for iron ore concessions held by a joint venture between Vale and BSG Resources.… Continue Reading
Israeli businessman Beny Steinmetz,58, is based in Geneva, Switzerland A state-sponsored committee reviewing mining concessions in Guinea said Wednesday that its 18-month investigation found evidence of graft involving a company controlled by Israeli billionaire Beny Steinmetz.… Continue Reading
The DOJ said Monday a French citizen has been arrested and charged with trying to obstruct a federal investigation into whether a mining company paid bribes to win mining rights in the Republic of Guinea.… Continue Reading
