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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

KPMG pays $8.2 million for violating auditor independence rules

The Securities and Exchange Commission on Friday charged accounting firm KPMG with violating auditor independence rules.

An SEC investigation found that the Big Four firm provided non-audit assistance such as bookkeeping and corporate finance services to the affiliates of companies it was auditing.… Continue Reading

In-house privilege shrinks again

A Dutch in-house lawyer with a law degree but no license isn’t entitled to the attorney-client privilege, a recent federal case held.

In Anwar v. Fairfield Greenwich Ltd, No. 09 Civ.… Continue Reading

German raid on EADS joint venture

German police have raided the offices of a joint venture between EADS and ThyssenKrupp during an investigation of overseas corruption.

The joint venture — Atlas Elektronik — and Rheinmetall Defence Electronics are suspected of paying bribes in Greece in connection with the sale of submarine equipment, the state prosecutor’ office in Bremen said Saturday.… Continue Reading

U.K. opposition takes fresh look at enforcement policy

Last week, the British Labour Party, the main opposition party, published a policy review called ‘Tackling Serious Fraud and White Collar Crime.’

As might be expected, the review throws a number of political punches, in particular, the government’s recent proposals to cut red tape for business, by exempting facilitation payments, and the lack of resources for financial crime enforcement agencies.… Continue Reading

Moscow steps up battle against Browder

The Anti-Terrorist Department (Department ‘T’) of the Russian Interior Ministry is trying to arrest the American-born head of Hermitage Capital, William Browder, who has conducted a successful global campaign to sanction those involved with the jailing and death of his lawyer, Sergei Magnitsky.… Continue Reading

Browder pushes Europe for wider Magnitsky sanctions

Image courtesy of WikipediaWilliam Browder, left, the American-born head of London-based Hermitage Capital Management, told Dutch lawmakers last week about developments in the Magnitsky case and the breakdown of the rule of law in Russia, according to a statement issued by Hermitage.… Continue Reading

Dutch Won’t Open Old Lockheed Wound

The leader of the Dutch government has refused to open a new investigation into the role played by Prince Bernhard in the Lockheed scandal that broke in 1976.

The head of the left-wing liberal D66 party, Alexander Pechtold, asked for ‘a commission of historians .… Continue Reading