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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
China has officially launched 50 social media accounts run by internet police to target illegal and harmful online information.
The 50 social media accounts were launched on popular microblog site Weibo, mobile messaging app WeChat, and Baidu’s online community Tieba, covering 13 provinces and 37 cities.… Continue Reading
Image courtesy of wantchinatimes.comSong Jian’guo, a former traffic police officer in Beijing, is on trial for receiving 23.9 million yuan ($3.9 million) in bribes in exchange for issuing privileged car license plates to several business tycoons.… Continue Reading
China is pushing reforms at public hospitals in the wake of widespread complaints about inadequate healthcare services and corruption related to drug sales.
According to a guideline issued by the State Council, reforms that were piloted in 17 cities in 2010 will be expanded to the country’s 6,800 public hospitals by 2017.… Continue Reading
China’s third-largest mobile carrier China Telecom Corp Ltd punished 31 executives found to have engaged in extravagant banquets and prostitution.
The mobile carrier said in a statement that executives at its Beijing branch squandered 79,500 yuan ($12,822) of public funds on lavish banquets and entertainment in a restaurant in Hebei province.… Continue Reading
China closed 66 illegal golf courses in its latest efforts to clamp down on corruption and environmental degradation.
The National Development and Reform Commission (NDRC), China’s top economic regulator, published a list of golf courses that were shut down for being “illegal.”… Continue Reading
China has chosen seven audit firms including PwC, BDO, and Grant Thornton to examine the overseas assets of major state-owned enterprises (SOEs) following an open tender held last month.
The move came after a former audit official warned that more than 110 SOEs’ overseas assets valued at about 4 trillion yuan ($637 billion) were not audited due to insufficient audit staff.… Continue Reading
China Foreign Ministry spokesperson Hua Chunying (Image courtesy of the China Ministry of Foreign Affairs)Chinese and U.S. officials will meet in August to discuss further cooperation in tracking down corrupt Chinese fugitives who fled with illicit gains.… Continue Reading
The president and party chief of China Minsheng Banking Corp, Mao Xiaofeng, has resigned after being investigated by anti-graft authorities.
Mao resigned for personal reasons unrelated to the bank’s operations, and the business is running as normal, the bank said in a statement to the Shanghai Stock Exchange.… Continue Reading
Fourteen police officers in the southern China city of Shenzhen have been suspended after local media accused them of eating protected salamanders at a seafood restaurant, and beating journalists who tried to expose their luxury dinner.… Continue Reading
China’s State Council has released a plan to increase salaries of civil servants amid public expectations that it will help curb corruption.
President Xi Jinping and other six members of the Politburo Standing Committee will have their annual salary increased from 7,020 yuan ($1,130) to 11,385 yuan ($1,759), a 62 per cent jump, according to the plan.… Continue Reading
An official in central China’s Hunan province has been placed under graft probe after an online photo showed him wearing a Louis Vuitton belt.
The photo surfaced in March in an online forum along with a post.… Continue Reading
Twenty-five government officials in Nanyang city in Henan province have been disciplined for accepting gifts from a property developer that hired six HIV carriers to force residents to evacuate their homes for demolition.… Continue Reading