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
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
The SEC charged a former Goldman Sachs executive Monday with FCPA violations stemming from his alleged bribery plot to help a Turkish energy company win a power plant contract in Ghana.… Continue Reading
Airbus SE paid $4 billion (€3.6 billion) to settle global bribery and trade charges with French, UK, and U.S. authorities Friday after an eight-year investigation triggered by a British whistleblower.… Continue Reading
London-based TechnipFMC plc said in an SEC filing Wednesday that it has set aside $280 million for a settlement of bribery-related offenses with authorities in the United States, Brazil, and France.… Continue Reading
Kenya Ethics and Anti-Corruption Commission Chairman Eliud WabukalaEliud Wabukala, a retired Anglican archbishop, became chairman of Kenya’s Ethics and Anti-Corruption Commission in 2017.
In September, he launched a bible-based anti-graft campaign that includes an anti-corruption bible study.… Continue Reading
Kinross Gold Corporation settled FCPA charges brought by the Securities and Exchange Commission Monday for “repeated failure” to put in place anti-corruption compliance programs and adequate accounting controls at two African subsidiaries.… Continue Reading
E-government to business (G2B) such as e-procurement, e-tax filing and e-sourcing are often cited as being useful to reduce interface between companies and government officials and thus the scope for discretionary decisions, thereby diminishing the opportunities for bribery.… Continue Reading
One of the world’s biggest gold miners said in a securities filing Wednesday it is investigating some business activities in countries outside the United States.
Colorado-based Newmont Mining said the investigation includes a review of compliance with the requirements of the Foreign Corrupt Practices Act.… Continue Reading
Image courtesy of KinrossKinross Gold Corp. said in a statement Friday that it is under investigation for corruption in West Africa by the U.S. Securities and Exchange Commission and the Justice Department.… Continue Reading
Image courtesy of Smith & OuzmanSmith and Ouzman Ltd and two of its executives were convicted Monday in London’s Southwark Crown Court after a Serious Fraud Office prosecution of corrupt payments to win business for the company.… Continue Reading
Last month, the DOJ’s Leslie Caldwell, described the fight against corruption as “a necessary enforcement action to protect our own national security interests and the ability of our U.S. companies to compete on a global scale.”… Continue Reading
Ghana Oil Company (GOIL) in Labone, Ghana; courtesy of WikipediaGhana has rewritten some of the agreements it uses with oil and gas companies, requiring them to certify compliance with the FCPA, the Bribery Act, and the OECD anti-bribery convention.… Continue Reading
