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
How much has FCPA enforcement and compliance changed over the last decade? Ask anyone who’s been around, and they’ll probably say “a lot” or “completely.” Perhaps the most telling metric quantifying this change is the average size of a corporate FCPA resolution.… Continue Reading
Deutsche Bank AG agreed Friday to pay the DOJ and SEC $122.9 million in penalties and disgorgement to resolve FCPA offenses in China, Italy, Abu Dhabi, and Saudi Arabia.… Continue Reading
In 2020, the DOJ and SEC brought FCPA enforcement actions against 12 companies and imposed financial penalties totaling a record $6.4 billion. For a comparison, in 2019, 14 companies paid a (then) record $2.9 billion to resolve FCPA cases.… Continue Reading
Vitol Inc., the U.S. affiliate of Geneva-based Vitol group, entered into a deferred prosecution agreement with the Department of Justice Thursday to settle two charges that it conspired to violate the anti-bribery provisions of the FCPA by bribing officials in Brazil, Ecuador, and Mexico.… Continue Reading
I recently conducted a virtual training session, during which I displayed a slide showing the top ten FCPA fines and penalties in history. A curious attendee asked whether my figures represent the DOJ and SEC’s gross penalties or the amounts that companies were actually obliged to pay to the U.S.… Continue Reading
With Goldman Sachs’ $3.3 billion settlement, we see the failure of a sophisticated and influential financial institution to maintain strong internal controls. How did it happen? Here are the five biggest takeaways every company in any industry can benefit from.… Continue Reading
Chicago-based spirits maker Beam Suntory Inc. agreed Tuesday to pay the DOJ $19.6 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.… Continue Reading
All compliance officers have special skills that set them apart from everyone else. They’re “subject matter experts” in ethics and compliance. That makes them unique. But within the ranks of compliance officers, who are the generalists and specialists?… Continue Reading
Last month, the Commodity Futures Trading Commission ordered JPMorgan Chase & Company and its subsidiaries to pay a total of $920.2 million for artificially manipulating market prices of precious metals by sending false signals to other market participants.… Continue Reading
Last Wednesday, J&F Investimentos S.A. and a subsidiary agreed to pay a total of $285 million to settle FCPA charges brought by the SEC and DOJ. With that settlement, the Foreign Corrupt Practices Act hit its two biggest milestones yet.… Continue Reading
São Paulo-based conglomerate J&F Investimentos pleaded guilty Wednesday to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act for a scheme to bribe officials in Brazil. … Continue Reading
Compliance officers are experts at spotting red flags. They can discern potential FCPA violations from the other side of the world. But what about red flags closer to home — those that might impact a compliance professional’s career?… Continue Reading
