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Editors

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

Posts Tagged: China

China’s Social Credit System applies to companies and impacts compliance

Numerous stories have appeared in the English-language press about China’s social credit system (SCS). Most of these stories focus on SCS’s system of “scoring” individuals in China. But SCS also applies to companies operating in China and, as it develops, may impact how companies approach anti-corruption compliance. … Continue Reading

Walmart pays $282 million for FCPA resolution

Walmart Inc. agreed Thursday to pay the DOJ and SEC $282 million to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and having weak anti-corruption internal controls in Brazil, China, India, and Mexico.… Continue Reading

Former Interpol chief admits taking $2 million in bribes

Former Interpol head Meng Hongwei (Image courtesy of Weibo)The first Chinese citizen to head Interpol pleaded guilty in a court in China Thursday to taking $2 million in bribes.

Meng Hongwei admitted during a hearing at Tianjin No 1 Intermediate People’s Court that he helped companies “make illegal gains.”… Continue Reading

Uber discloses FCPA investigation

Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia. 

According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India. … Continue Reading

Country count for new FCPA investigations

Since the start of 2018, companies and agencies have disclosed 19 new FCPA-related investigations.

Of the newly disclosed investigations, five have been closed, either by enforcement actions or declinations.

Fourteen of the new investigations remain open and apparently active.… Continue Reading

Will China tech giants dominate blockchain?

China is at the forefront of efforts to revolutionize digital mobile cross-border payment systems. Already, traders on the 21st century digital silk road are sending payments from Hong Kong to the Philippines and Pakistan, among other places, in mere seconds using blockchain-based, cross-border, mobile digital wallets from Chinese tech giants, including Ant Financial’s Alipay and Tencent Holdings Ltd.’s… Continue Reading