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 U.S. Senate voted in February to repeal an SEC rule that would have required oil and gas and mining companies to disclose each year all of their payments to foreign governments for exploration and production rights, permits, taxes, and other things.… Continue Reading
You would expect investors to be pleased and optimist when their company resolves an FCPA case by paying relatively moderate penalties and landing a DOJ non-prosecution agreement.
Good news, the dark cloud is gone.… Continue Reading
A powerful resource goes far beyond the Corporate Investigations List with real-time alerts and deep insight into open FCPA investigations.
FCPA Tracker scans for and analyzes public disclosures about FCPA-related investigations.… Continue Reading
Tom Fox recently wrote a post for the FCPA Blog about allegations that Shell made a £1.1 billion ($1.42 billion) payment for an oil field license in Nigeria, with half the money ending up in a company owned by a Nigerian government official.… Continue Reading
The SEC rule that would have required oil and gas and mining companies to disclose each year their payments to foreign governments was intended to increase transparency and prevent back-handers, bungs, and bribes from reaching those able to influence contractual decisions.… Continue Reading
Dear FCPA Blog,
Thank you for your post yesterday about repeal of the SEC’s extractive industries disclosure rule.
The post really clarified the issue for me and I appreciate your taking the time and trouble to enlighten me and other readers.… Continue Reading
The U.S. Senate voted Friday to repeal an SEC rule that would have required oil and gas and mining companies to disclose each year all of their payments to foreign governments for exploration and production rights, permits, taxes, and other things.… Continue Reading
FCPA enforcement has always been bi-partisan, commanding principled support from both sides of the aisle. Is that about to change?
The Speaker of the U.S. House of Representatives recently announced plans to repeal a number of federal regulations, including the SEC’s requirement that oil, gas, and mineral companies disclose payments to foreign government in excess of $100,000.… Continue Reading
So the Trump Administration has nominated a new SEC chairman in the form of Jay Clayton, dealmaker and securities lawyer at Sullivan & Cromwell. The compliance community’s reaction seems to be vague concern, based on a paper (pdf) Clayton co-authored in 2011 criticizing FCPA enforcement.… Continue Reading
Medical device maker Misonix Inc. said Wednesday it self disclosed possible FCPA violations to the DOJ and SEC.
Misonix said business practices by an independent Chinese entity that distributes its products in China “raise questions under the Foreign Corrupt Practices Act.”… Continue Reading
In the prior post we described the SEC’s new Rule 13q-1 that took effect on Monday (September 26). In this post, we discuss steps covered companies should take to comply with the rule.… Continue Reading
After a long and tortured route through the courts, the SEC’s final rule implementing Dodd-Frank’s Resource Extraction Payment Disclosure requirement took effect today (September 26).
Many have watched and commented on the new Rule 13q-1, and for good reason.… Continue Reading