Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

Feds investigate Citigroup for ‘princeling’ hiring practices

Citigroup Inc. said Friday it is being investigated for hiring practices that might violate the FCPA.

The bank said the SEC and other agencies are “conducting investigations or making inquiries concerning compliance with the Foreign Corrupt Practices Act and other laws.”

The probe is aimed at the hiring of candidates “referred by or related to foreign government officials.”

Citigroup said it is cooperating with the investigation.… Continue Reading

Kristy Grant-Hart: What went wildly wrong at Qualcomm? Let’s look at HR

With every enforcement action comes lessons and warning tales for other companies and compliance officers.  Last week Qualcomm paid $7.5 million to settle SEC charges that it violated the Foreign Corrupt Practices Act by hiring relatives of Chinese officials responsible for deciding whether to select the company’s mobile technology products. 

Lessons abound for the savvy compliance professional from this enforcement action.… Continue Reading