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
Let’s start with recent events that might have escaped notice because of Covid-19 distractions. Two years ago, at the World Economic Forum in Davos, Switzerland, leaders representing about a thousand global companies kicked shareholder capitalism aside and replaced it with stakeholder capitalism.… Continue Reading
Credit Suisse Group AG agreed Tuesday to pay the SEC $99 million to resolve violations of the internal controls and books and records provisions of the Foreign Corrupt Practices Act, as well as other securities laws.… Continue Reading
In an SEC filing Tuesday, Zurich-based Credit Suisse Group SA said it wrote down $4.7 billion in bad loans, and chief risk and compliance officer Lara Warner was “stepping down” from her role on the executive board effective that day and leaving the bank.… Continue Reading
It’s a familiar FCPA enforcement pattern. Companies in the same segment fall like dominoes. Medical device makers, pharmas, banks, mobile phone operators, oil and gas service providers and producers — all have had their turn in the enforcement spotlight.… Continue Reading
For compliance professionals and the programs they run, politically exposed persons are a big deal. PEPs trigger money laundering and corruption concerns and therefore attract enhanced due diligence. So, I always assumed PEPs are easy to identify.… Continue Reading
Here’s the FCPA Blog’s list of the 40 biggest Foreign Corrupt Practices Act resolutions of all time.… Continue Reading
Barclays PLC paid the SEC $6.3 million Friday to settle FCPA offenses related to the hiring of relatives of public officials in Asia.
The British bank disgorged $3.8 million and paid a $1.5 million penalty to the SEC, plus pre-judgment interest of $984,000.… Continue Reading
Three former Credit Suisse bankers were charged in federal court in Brooklyn with bribery and fraud connected to Mozambique’s $2 billion “tuna bonds” scandal.
All three were arrested in London Thursday and released on bail.… Continue Reading
So far in 2018, 15 companies have disclosed new FCPA-related investigations. That means the pace of disclosure has slowed from the past couple of years.
In 2017, 49 companies disclosed new corruption investigations.… Continue Reading
In a novel, even if rather obscure manner, the Trump Administration has found a new way to put America first.
Both Deputy Attorney General Rod Rosenstein and the new head of the SEC’s anti-bribery division, Charles Cain, have expressed an interest in “leveling the playing field” for U.S.… Continue Reading
Credit Suisse Group AG and its Hong Kong unit agreed Thursday to pay the DOJ and SEC $76.7 million for a referral hiring scheme that violated the Foreign Corrupt Practices Act.… Continue Reading
Banking giant Credit Suisse Group AG said Wednesday it has agreed to pay a $47 million penalty to the Justice Department to end an FCPA investigation into hiring practices in Asia.… Continue Reading