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
The release on October 4 of the 11th Basel AML Index drew attention not only to its ranking of money laundering risks in 128 countries but for its stark message: in a fast-changing world, progress in addressing money laundering and terrorist financing risks is not moving fast enough.… Continue Reading
While the DOJ substantially expanded corporate liability under the FCPA in recent years, many corporations remain unaware of the potential liability risks associated with corruption and human trafficking in employment chains.… Continue Reading
The International Labor Organization estimates that nearly 21 million people are victims of forced labor worldwide, working in industries ranging from agriculture to electronics manufacturing.
Emerging legal requirements and news reports have raised the profile of labor trafficking as a legal and reputational risk to be carefully considered in corporate boardrooms.… Continue Reading
In January, the U.S. Supreme Court declined to consider an appeal by three companies — Nestle SA, Cargill Inc., and Archer Daniels Midland Co. — that sought to dismiss a lawsuit alleging they aided and abetted child slave labor on coca plantations in Africa.… Continue Reading
If you’re a compliance practitioner seeking to design an anti-corruption program consistent with all laws that apply to your company, you probably recognize the phrase “carries on a business, or part of a business, in any part of the United Kingdom.”… Continue Reading
Fashion Week 2015 begins on February 12 in New York. Compliance will certainly not be on the agenda and the fashion industry has never attracted the kind of regulatory attention “enjoyed” by industries that rely heavily on public sector sales.… Continue Reading
Leslie Caldwell, the chief of the DOJ’s criminal division, does well at explaining why enforcing the FCPA and fighting corruption is a priority for the United States. Here’s part of what she said Wednesday at ACI’s 31st international conference on the FCPA at National Harbor, Maryland:
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[C]orruption is far more insidious and harmful than can be measured numerically.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an advisory Thursday to help financial institutions detect and report suspicious activity that could be related to human smuggling or human trafficking.… Continue Reading
The DOJ filed a civil forfeiture complaint in Manhattan federal court last week targeting seven properties allegedly purchased in Dutchess County, New York by a Greek national using the proceeds of a long-running human smuggling operation.… Continue Reading
Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division is leaving the agency Friday, March 21. But the 17-year DOJ veteran made time the day before her departure to speak to the Global Anti-corruption Compliance Congress in Washington, DC.… Continue Reading
Laurence Cockcroft is the author of the powerful new book Global Corruption: Money, Power, and Ethics in the Modern World.
In our review, we said Cockcroft, an economist and founding member of Transparency International, ‘leaves math and wonkiness behind (no small feat for an economist) and delivers a great narrative.’… Continue Reading
As reported last week by the FCPA Blog, President Obama signed a groundbreaking Executive Order designed to strengthen protections against trafficking in persons in federal contracting.
Among other requirements, the Executive Order requires federal contractors and subcontractors to take the following actions: