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 debarred 267 firms and individuals last year, including cross debarments, in a big jump from prior years. … Continue Reading
I had a simple (and unoriginal) thought years ago that has helped me understand why compliance can be so difficult. My thought was that people will do whatever they’re paid to do.… Continue Reading
The Pennsylvania-based consultant who bribed an officer at the European Bank for Reconstruction and Development was sentenced in 60 months in prison Tuesday for violating the Foreign Corrupt Practices Act.
Dmitrij Harder, 42, a Russian national living in Huntingdon Valley, Pennsylvania, pleaded guilty in 2016 to two counts of violating the FCPA.… Continue Reading
A UK court sentenced a former banker at the European Bank for Reconstruction and Development to six years in prison for taking $3.5 million in bribes from a Pennsylvania-based consultant.
Andrey Ryjenko, 44, a dual UK and Russian citizen, was convicted by a jury at London’s Old Bailey of a bribery conspiracy.… Continue Reading
Since Belarus’s independence from the Soviet Union in 1991, it has maintained strong economic and cultural ties with Russia and has been dependent on Russia’s economic support.
Recent conclusions by international finance institutions, such as the World Bank and the European Bank for Reconstruction and Development (EBRD), however, suggest that the Belarusian government is demonstrating an eagerness to revive its relationship with the West and an intention to open its market to foreign businesses.… Continue Reading
The former owner and president of a Pennsylvania consulting business pleaded guilty Wednesday to violating the Foreign Corrupt Practices by bribing an official at the European Bank for Reconstruction and Development.… Continue Reading
A federal grand jury in Philadelphia indicted the former owner and president of the Chestnut Consulting Group Inc. Tuesday for bribing an official of an international development bank.
Dmitrij Harder, 42, a Russian national living in Huntingdon Valley, Pennsylvania, was charged with one count of conspiracy to violate the FCPA and Travel Act, five counts of violating the FCPA, five counts of violating the Travel Act, one count of conspiracy to commit international money laundering, and two counts of money laundering.… Continue Reading
The government of Ukraine signed an anti-corruption initiative Monday with the European Bank for Reconstruction and Development (EBRD) to establish a Business Ombudsman Institution.
The Memorandum of Understanding for the Ukrainian Anti-Corruption Initiative was co-signed by the EBRD, the Organization for Economic Co-Operation and Development (OECD), the American Chamber of Commerce in Ukraine, the European Business Association, and Ukrainian organizations.… Continue Reading
Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.… Continue Reading
The Asia Development Bank said in its annual report this week that it imposed sanctions on 42 firms in 2012 and 38 individuals.
The debarments resulted from 240 formal complaints and 114 new investigations.… Continue Reading
Last Tuesday, October 9th, the World Bank hosted a colloquium on “Suspension and Debarment,” featuring four panels of experts from around the world.
Perhaps in recognition of the increased use and prominence of this integrity tool, the colloquium was very well-attended with an active and attentive audience.… Continue Reading