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
BNP Paribas has set aside $1.1 billion for a potential settlement with federal and state government agencies that are investigating possible U.S. sanctions violations.
The French bank made the disclosure while announcing its annual earnings results in a press release on Thursday.… Continue Reading
Oil field services company Weatherford International said Monday it hopes to finalize a settlement with the U.S. government of FCPA and oil-for-food violations and trading with sanctioned countries for about $250 million.… Continue Reading
The electronic spies at the National Security Agency have tried lately to play down the amount of Internet traffic they inspect — and play up how central that monitoring is to stopping terrorist attacks.… Continue Reading
In the fourth biggest FCPA case ever, French oil giant Total S.A. agreed Wednesday to pay $398 million in penalties and disgorgement for bribing an Iran official to gain access to oil and gas fields.… Continue Reading
Oil field services company Weatherford International Ltd. said in its quarterly filing with the SEC Friday that it has ‘uncovered potential violations of U.S. law in connection with activities in several jurisdictions.’… Continue Reading
Here’s the complete FCPA disclosure from Total SA’s Form 6-K (Report of Foreign Private Issuer) filed with the SEC on April 29, 2013:
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In 2003, the United States Securities and Exchange Commission (SEC) followed by the Department of Justice (DoJ) issued a formal order directing an investigation in connection with the pursuit of business in Iran by certain oil companies including, among others, TOTAL.… Continue Reading
The French oil giant Total SA is on trial in Paris for violating the United Nations oil-for-food program.
Total is accused of buying oil directly from the former Saddam Hussien regime in violation of the U.N.… Continue Reading
The top 20 oil producing nations have an average rank on the corruption perceptions index of 90 — just into the bottom half.
Not all are big exporters and not all are low on the cpi.… Continue Reading
In an SEC filing this week, Spanish pharmaceutical firm Grifols SA said the DOJ issued an ‘official declination to all inquiries related to the possible violation of the Foreign Corrupt Practices Act (FCPA) that were underway since July 2009.’… Continue Reading
Innovative uses of anti-corruption laws to fight terrorists and tyrants and companies that help them is the subject of a breakthrough article published this week by the Wharton School of the University of Pennsylvania.… Continue Reading
French oil giant Total SA said in its third quarter results it has reserved $398 million for an FCPA settlement with the DOJ and SEC.
U.S. enforcement agencies have been investigating Total’s operations in Iran since 2003.… Continue Reading
One of the biggest banks in the world just said no — to compliance.
A report released Monday by the U.S. Senate Permanent Subcommittee on Investigations describes some of HSBC’s massive compliance failures.… Continue Reading
