At Large: Are agents ever ‘legal’ under the FCPA?
Richard L. Cassin
August 6, 2020
My serious purpose in asking if agents are legal under the FCPA is about compliance with the accounting standards.… Continue Reading
Editors
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
FCPA enforcement report for Q2 2020
Harry Cassin
July 1, 2020
During the second calendar quarter — amid the Covid-19 lockdown — there were two corporate FCPA enforcement actions. For comparison, during the second calendar quarter last year, there were three corporate FCPA enforcement actions, and during Q2 2018, there were five corporate FCPA enforcement actions.… Continue Reading
New disclosure shows spreading Eni bribery probe
The FCPA Blog
September 11, 2017
An SEC filing last week by a giant Italian oil company showed how a corruption investigation has grown, starting three years ago in Nigeria but spreading now to include Algeria, Congo, Kazakhstan and Kuwait.… Continue Reading
The top five myths about ISO 37001 exposed
Kristy Grant-Hart and Diana Trevley
February 14, 2017
Four months ago the ISO 37001 Anti-Bribery Management Systems document was published, and companies were finally able to have their anti-bribery program certified to an international standard. Since then we’ve repeatedly heard the same myths about the Standard.… Continue Reading
Report: Panama Papers show role of shell companies in Saipem Algeria bribes
Petro Global News
July 27, 2016
The law firm at the center of the Panama Papers leak may have helped facilitate an alleged multi-million corruption scheme tied to Sonatrach contracts won by Saipem.
The International Consortium of Investigative Journalists said Mossack Fonesca helped Farid Bedjaoui create a Swiss bank account that was used to purchase “shelf” companies in the Caribbean. … Continue Reading
Saipem and former execs going on trial for $220 million Algeria bribes
Nicolas Torres
October 9, 2015
A judge in Milan ordered Italian oil and gas services firm Saipem to go on trial for alleged bribery in Algeria.
Prosecutors said the company bribed Algeria officials to win work from state-owned energy firm Sonatrach.… Continue Reading
Algeria: Sonatrach corruption trial stopped on day one when witnesses stay away
Nicolas Torres
March 17, 2015
A corruption trial involving former executives at Algeria’s state-owned oil company Sonatrach was adjourned Sunday shortly after it began when witnesses failed to appear.
The trial was postponed until next month at the request of defense attorneys after several witnesses were no shows.… Continue Reading
Report: Eni paid $533 million bribe for Nigeria oilfield deal
Richard L. Cassin
October 2, 2014
Italian prosecutors investigating state-owned oil giant Eni SpA over a Nigeria oilfield deal three years ago believe half of the $1.1 billion that Eni paid went as bribes to government officials or to intermediaries with close ties to them.… Continue Reading
Eni CEO investigated for $1 billion Nigeria oil deal
Nicolas Torres
September 11, 2014
The CEO of Italy’s biggest oil company, Claudio Descalzi, is under investigation by Milan prosecutors for alleged corruption tied to the company’s 2011 acquisition of a Nigerian deepwater offshore block for $1.09 billion.… Continue Reading
Eni CEO sentenced to prison for environmental lapses
Julie DiMauro
April 2, 2014
The CEO of Italian energy giant Eni, Paolo Scaroni, was sentenced to three years in prison Monday over inadequate environmental standards at a power plant when he was CEO at Italian utility Enel.… Continue Reading