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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

Posts Tagged: Facilitating Payments

The Real Price Of Petty Graft

Corruption may have been a cause of the night club fire last week in the Russian city of Perm that killed 113 people. Alexander Fridman, an entertainment producer there, told the Christian Science Monitor, “Fire inspectors found violations of the regulations a year ago, yet they didn’t come back to check whether corrections were made.… Continue Reading

Dyncorp Reports Payments, Removes Compliance Officer

Virginia-based DynCorp International said payments by its subcontractors to speed up visas and permits may have caused the company to violate the Foreign Corrupt Practices Act. In its November 12, 2009 quarterly report (Form 10-Q here), it said it found about $300,000 in payments by subcontractors to “expedite the issuance of a limited number of visas and licenses from foreign government agencies.”… Continue Reading

The Story Of Graft

Transparency International’s Global Corruption Report 2009 is here. At 462 pages, it may be the most complete account of global corruption and anti-bribery efforts ever assembled. Reference books like this are both important and fun; you don’t need to read from front to back, first page to last.… Continue Reading

Will Graft Defeat Iraq?

We like to end our weeks around here with a light touch. But not today. We just read a disturbing story from Reuters’ Aseel Kami in the Washington Post. He describes the “pandemic of corruption” now gripping Iraq.… Continue Reading

When Is It OK To Pay?

The Foreign Corrupt Practices Act doesn’t prohibit all payments to foreign officials. It’s not that broad. What it does prohibit are corrupt payments made to obtain or retain business.

Which means the application of the law isn’t necessarily black and white.… Continue Reading

A Blight On Their Lives

Dan Bilefsky of the New York Times is a roving reporter with a knack for revealing the heart of things. He’s done that now for the problem of petty corruption in Romania.… Continue Reading

Sir Allen And The FCPA

Since hearing about Allen Stanford’s cozy relationships with certain Caribbean leaders, we’ve wondered if he’ll eventually face criminal charges under the Foreign Corrupt Practices Act. Neither bribery nor the FCPA have been mentioned yet in connection with Stanford.… Continue Reading

Fearing Third Parties

U.S. executives know that most Foreign Corrupt Practices Act compliance risks come from third parties — overseas acquisition targets, joint venture partners, agents and others. Despite that knowledge, about three quarters of them think their company’s due diligence of intermediaries isn’t working.… Continue Reading

Looking Through The FCPA

Legal loopholes, the conventional wisdom goes, expand over time, until there’s more hole than donut. But is that true of the Foreign Corrupt Practices Act? Have its three Congressionally created loopholes — two affirmative defenses and one exception — gotten bigger over time?… Continue Reading

Surveying FCPA Compliance

Eighty percent of U.S. companies have now banned facilitating payments entirely, and nearly four in ten small U.S. companies have walked away from business in countries where the perceived risk of non-compliance was too high.… Continue Reading