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
The World Bank Wednesday announced the 22-month debarment of a Bangladesh-based engineering consulting company for corrupt and fraudulent practices related to a project in Bangladesh.… Continue Reading
The World Bank Wednesday announced the 41-month debarment of a Vietnam-based construction firm for fraudulent and obstructive practices related to projects in Vietnam.… Continue Reading
The World Bank Wednesday announced the 18-month debarment of a Honduras-based engineering consulting firm for failing to disclose a conflict of interest in bid documents for a project in Honduras.… Continue Reading
The World Bank debarred a private equity executive Thursday for two years for misleading the International Finance Corporation that supports a closed-end private equity fund investing in Turkey.… Continue Reading
The World Bank debarred a Vanuatu power and communication company Wednesday for fraudulent practices connected to a project in Vanuatu.… Continue Reading
Earlier this month, telecom giant Ericsson agreed to resolve breaches of its 2019 FCPA DPA by paying $206.7 million in new penalties and pleading guilty to charges deferred by the DPA — one count of conspiracy to violate the FCPA anti-bribery provisions and one count of conspiracy to violate the internal controls and books and records provisions.… Continue Reading
The World Bank debarred a Kenyan engineering, procurement, and construction company Wednesday for fraudulent practices connected to a project in Uganda.… Continue Reading
The World Bank debarred a consultant from Vanuatu and his affiliated companies Monday for a year and a half for a fraudulent practice connected to a project in Vanuatu.… Continue Reading
The World Bank debarred a Korean IT company Monday for three years for an obstructive practice connected to a project in Vietnam.… Continue Reading
The World Bank debarred a Spanish consultant in the oil and gas industry and his affiliated companies Wednesday for three years for a corrupt practice connected to a project in Guyana.… Continue Reading
When the DOJ and SEC published their FCPA Resource Guide, they emphasized the connection between remedial action and enforcement. The Guide makes clear that no company can expect a favorable FCPA resolution unless it takes adequate remedial action, and conversely, companies that fail to do that are more likely to face charges and harsher FCPA penalties.… Continue Reading
The Inter-American Development Bank (IDB) debarred a Brazilian construction company Thursday for a year and a half for corrupt and fraudulent practices related to a project in Brazil.… Continue Reading