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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Last Thursday, Colombian conglomerate Grupo Aval and its subsidiary agreed to pay $80.8 million to settle FCPA offenses. In a Friday filing with the SEC, to clarify media reports, Grupo Aval said it will only be paying the U.S.… Continue Reading
Grupo Aval Acciones y Valores S.A. and its banking subsidiary agreed Thursday to pay the DOJ and SEC $80.8 million in penalties and disgorgement to resolve FCPA offenses related to a toll road project in Colombia.… Continue Reading
SEC rules don’t require reporting companies to disclose the names of law firms hired to investigate potential FCPA offenses, and not all companies even disclose information about ongoing investigations. But of companies that disclose FCPA investigations, which ones also publicly name their law firms, and why?… Continue Reading
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
As the world’s leading international development organization, the World Bank Group has committed to embracing diversity and inclusion in its work and workplace, and it has taken a zero-tolerance policy toward racism and any other form of discrimination.… Continue Reading
The World Bank Group debarred a Colombia construction company for 18 months Wednesday for misconduct related to a bank-financed flood-control project in Bogota.… 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
In early December, when Assistant AG Brian Benczkowski summarized the year’s FCPA enforcement scoreboard against individuals, he surprised just about everyone.… Continue Reading
Colombia’s national airline said in a U.S. securities filing Thursday that it is investigating possible violations of the Foreign Corrupt Practices Act and other anti-bribery laws because of free and discounted tickets and upgrades given to government officials in various countries.… Continue Reading
The World Bank Tuesday debarred Brazil-based engineering and construction company Construtora Norberto Odebrecht S.A. for three years for “fraudulent and collusive practices” during a project in Colombia.
Also debarred were Odebrecht construction subsidiaries based in Colombia, Chile, Panama, Peru, Barbados, Angola, the United States, Luxembourg, Austria, and the Cayman Islands.… Continue Reading
The former Colombian National Director of Anti-Corruption was sentenced Wednesday to four years in prison after a DEA sting in Miami caught him soliciting a $132,000 bribe to undermine an investigation into a local politician.… Continue Reading
The former Colombian National Director of Anti-Corruption pleaded guilty in Miami after a DEA sting operation caught him soliciting a $132,000 bribe to undermine an investigation into a local politician.
According to his plea, Luis Gustavo Moreno Rivera, 36, conspired to launder money in order to promote foreign bribery.… Continue Reading