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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

Double declination ends Net1 FCPA probe

Net 1 UEPS Technologies said in a securities filing Thursday that the DOJ has closed its investigation of possible violations of the Foreign Corrupt Practices Act.

The DOJ investigation had apparently continued since the company received an SEC declination (pdf) in mid 2015 for the same matter.… Continue Reading

SEC declination for South Africa’s Net1

Net 1 UEPS Technologies said in a securities filing Monday that the SEC isn’t recommending an enforcement action after investigating possible violations of the Foreign Corrupt Practices Act.

South Africa-based Net1 said in December 2012 that the SEC, DOJ, and FBI were investigating payments to South African government officials to win a contract with the Social Security Agency.… Continue Reading

SEC releases final settlement order with Philips

The Securities and Exchange Commission on Tuesday released its final administrative order against Dutch electronics firm Koninklijke Philips Electronics N.V. reflecting an out-of-court settlement of FCPA-related allegations.

Philips agreed to pay $4.5… Continue Reading

Declination for DynCorp

The parent company of Virginia-based DynCorp International Inc. said Wednesday the DOJ won’t bring an enforcement action following an investigation into payments by two subcontractors to speed up the issuance of visas and permits.… Continue Reading

Net 1 probe shows FCPA’s awesome reach

It’s the type of scenario sometimes described at FCPA conferences, and intended to frighten those in the audience.

But in the case of South Africa-based Net 1 UEPS Technologies, Inc., the scenario is real.… Continue Reading

Will Total S.A. Fight Back?

In recent SEC filings, French oil giant Total said it rejected ‘out-of-court settlement solutions’ with the DOJ and SEC that would end their longstanding FCPA investigations. And while Total said it is still talking with the agencies, it also said it’s free not to settle, ‘in which case it would be exposed to the risk of prosecution in the United States.’… Continue Reading

Dark Clouds Over News Corp

The News Corp scandal started with phone hacking in the U.K., and alleged bribes to police there that could have violated U.K. laws and the FCPA.

Now it’s spreading.

The BBC’s Panorama reported allegations this week that a News Corp subsidiary hacked pay-TV access codes and pirated rival satellite channels in Europe.… Continue Reading