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
London-based Diageo plc will pay the SEC more than $16 million to resolve FCPA offenses that stretched over six years and involved bribes to foreign officials in India, Thailand, and South Korea.… Continue Reading
By Eoin O’Shea
It seems strange to speculate on the effects of legislation which only entered force on July 1st, but such has been the impact of the UK’s Bribery Act 2010 that strong effects can already be seen.… Continue Reading
By Richard E. Messick
A new World Bank study on corruption in the roads sector shows the challenges contractors and engineering firms working in developing countries face when trying to avoid being drawn into schemes that violate the Foreign Corruption Practices Act or the anti-corruption laws of other nations or both.… Continue Reading
Transparency International’s latest report about antibribery enforcement in the OECD breaks down this way:
Active Enforcement: Seven countries: Denmark, Germany, Italy, Norway, Switzerland, United Kingdom, and United States
Moderate Enforcement: Nine countries: Argentina, Belgium, Finland, France, Japan, Korea (South), Netherlands, Spain, and Sweden
Little or No Enforcement: 21 countries: Australia, Austria, Brazil, Bulgaria, Canada, Chile, Czech Republic, Estonia, Greece, Hungary, Ireland, Israel, Luxembourg, Mexico, New Zealand, Poland, Portugal, Slovak Republic, Slovenia, South Africa, and Turkey
For specifics, the report said the United States has 227 cases (prosecutions and investigations) in the 2011 report, up from 169 in 2010; Germany has 135 cases, up from 117; and Brazil reports eight ongoing investigations, up from four in TI’s last report.… Continue Reading
More than half the journalists murdered in the line of duty were working to expose corruption.
“Murder, after all, is the ultimate form of censorship,” wrote Robert Mahoney, deputy director of the Committee to Protect Journalists (CPJ).… Continue Reading
Following the lead from China and Russia, both Indonesia and India are working on their own versions of the FCPA and Bribery Act.
Last week the Indian government introduced a bill that will criminalize bribing foreign officials.… Continue Reading
File this story under bribery and public safety.
The AP reported yesterday that two more Indian airline pilots with fake licenses they bought by bribing government officials have been arrested.
So far, six pilots and some aviation officials are under investigation.… Continue Reading
In its latest annual report, Illinois-based Kraft Foods said it received a subpoena on February 1 from the SEC. The subpoena is connected to an FCPA investigation of a facility in India that was part of Kraft’s $19 billion acquisition of U.K.-based… Continue Reading
India, China, and Russia rank among the world’s worst countries for red tape. The World Bank’s Doing Business Index, under the category of dealing with construction permits, is a rough measure of bureaucratic hassle in an economy.… Continue Reading
The former country manager in Venezuela for Pride International, Inc. last week settled civil FCPA charges with the SEC.
Joe Summers, a U.S. citizen who lives in John Day, Oregon, agreed to pay a civil penalty of $25,000.… Continue Reading
The DOJ said today that Flavio Ricotti, an Italian citizen indicted in April 2009 with five other former executives of California-based valve-maker Control Components Inc. (CCI), has been extradited to the United States from Germany.… Continue Reading
Pride International, Inc. said this week it has set aside $56.2 million for an expected settlement with the Justice Department and the Securities and Exchange Commission of Foreign Corrupt Practices Act offenses.… Continue Reading