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
Auditors who have reason to believe that fraud is being committed by a company or upon a company by its employees are now obligated under Indian law to report it to the Indian government even if they did not identify it, if the amount involved is $122,00 (INR 10 million) or above.… Continue Reading
Hindenburg Research, a forensic research-based short selling outfit, regularly uncovers alleged fraud and gross over-valuations at publicly traded companies, and makes a fortune doing it. What are Hindenburg’s due diligence secrets?… Continue Reading
The levels of fraud highlighted in the UK’s new Fraud Strategy, which was announced in early May, make for uncomfortable reading and should also serve as a warning to the rest of the world.… Continue Reading
In recent years, the World Bank Group has responded to overlapping global and regional crises with record levels of financial support. It is critical to ensure that these important development funds are used only for their intended purposes.… Continue Reading
The early identification of fraud risks or vulnerabilities in projects is a major concern of investors and international financial institutions. The European Investment Bank (EIB) undertakes Proactive Integrity Reviews (PIRs) to identify such potential vulnerabilities and major fraud risks in EIB-funded operations and projects.… Continue Reading
There’s stiff opposition in some jurisdictions to the principle of litigation funding. In those jurisdictions, lawyers and clients are excluded from working with litigation funders. And in some locales, lawyers remain unable to work on a “no foal, no fee” (no win no fee) basis as well.… Continue Reading
The European Investment Bank’s Investigations Division (IG/IN) is mandated to investigate allegations of “Prohibited Conduct” involving EIB Group-financed operations and activities, or allegedly involving members of governing bodies or staff. The IG/IN team include former prosecutors and former law enforcement personnel, forensic accountants, and lawyers.… Continue Reading
Most of the globe has put itself into debt, taking out huge loans to pay for the costs of fighting Covid-19 and protecting employment infrastructures. With the flood of cash, fraud is running rampant.… Continue Reading
The global response to the pandemic has been varied, not only in a medical context but also at a fiscal level. Governments are desperately trying to save jobs and their economies.… Continue Reading
As far back as 2018, I voiced concerns in the FCPA Blog about the problems of rampant fraud in the UK. In a new report, the Royal United Services Institute (RUSI), a distinguished British think tank founded by the Duke of Wellington, described the fraud threat as an epidemic that is “now a national security threat.”… Continue Reading
At the start of the New Year, the UK’s tax authority, HM Revenue and Customs (HMRC), issued a series of punitive fines – including its largest-ever punitive sum – against businesses that had breached strict anti-money laundering regulations.… Continue Reading
Coping with the coronavirus will require enhanced vigilance by compliance teams. As boards and senior executives navigate the way forward with a focus on sustainability and financial resilience, compliance officers must ensure they remain at the forefront and visible.… Continue Reading