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
In December 2016, Risk Advisory hosted a dinner in Washington, DC, at which the Director of the Serious Fraud Office, David Green, kindly agreed to engage in a conversation with me.… Continue Reading
Rolls-Royce PLC said Monday it has reached agreements in principle with prosecutors in the UK, the United States, and Brazil to settle bribery allegations and will pay about $809 million for the global resolution.… Continue Reading
Medical device maker Zimmer Biomet Holdings Inc. agreed Thursday to pay $30.5 million to resolve DOJ and SEC investigations into the company’s “repeat” violations of the Foreign Corrupt Practices Act.
Under a deferred prosecution agreement (pdf) with the DOJ, Zimmer Biomet will pay a criminal fine of $17.46 million and retain an independent compliance monitor for three years.… Continue Reading
New anti-corruption legislation adopted Tuesday by France allows companies to enter into negotiated settlements with magistrates.
“The new system, allowing for a Deferred Prosecution Agreement (DPA), aims to speed up lengthy legal procedures,” VOA News said.… Continue Reading
Zimmer Biomet Holdings Inc. said in a securities filing Monday “it is probable that Biomet will incur additional liabilities related to” DOJ and SEC investigations of FCPA violations that occurred after Biomet’s FCPA settlement in 2012 and during its deferred prosecution agreement.… Continue Reading
The UK Serious Fraud Office said Friday a court approved its second application for a deferred prosecution agreement to settle Bribery Act and related offenses committed in several foreign countries.
The SFO didn’t name the company involved because of “ongoing related litigation.”… Continue Reading
In its annual report filed with the SEC last week, VimpelCom described the continuing fallout from its February mega-settlement with U.S. and Dutch authorities for bribery offenses in Uzbekistan.
Among other things, VimpelCom said it has a reserve of $105 million for legal and other costs.… Continue Reading
The use of corporate monitors by judicial and regulatory government agencies to verify an organization’s compliance with settlement agreements and orders resolving corporate accountability continues to rise. The growing use of monitors has raised questions about the privacy of their reports and the public’s access to their findings.… Continue Reading
The judicial approval required for UK Deferred Prosecution Agreements raises the issue as to whether and to what extent the Courts must be satisfied that such settlements comply with the United Nations Convention Against Corruption.… Continue Reading
Ben Morgan, the joint head of the bribery and corruption unit at the UK Serious Fraud Office, spoke Thursday morning to the Annual Anti Bribery and Corruption Forum in London.
He talked directly to companies that might have paid overseas bribes — particularly those that want to resolve their offenses through deferred prosecution agreements.… Continue Reading
Ben Morgan, joint head of bribery and corruption at the UK Serious Fraud Office, spoke at this year’s Global Anti-Corruption and Compliance in Mining Conference in London. He talked about the benefits of cooperation (sound familiar?… Continue Reading
Orthopedic device maker Biomet Inc. said in an SEC filing that the DOJ has extended for another year its 2012 deferred prosecution agreement that was part of a 2012 FCPA enforcement action.… Continue Reading