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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

Global watchdog tells Japan to get serious about money laundering

Japan has not done enough to combat money laundering, an international watchdog said on Friday, urging the government to adopt measures such as legislation that criminalizes terrorist financing.

The Financial Action Task Force (FATF) in Paris referred to its 2008 report on Japan, which highlighted deficiencies such as a lack of internal controls among financial institutions to prevent and detect illicit money transfers, Reuters reported on Saturday.… Continue Reading

Job: Senior Manager, Global Anti-Corruption

Job Title: Senior Manager, Global Anti-Corruption

Employer: American Express

Location: Singapore

Description

This position will join the Compliance & Ethics team responsible for the day to day management, development, growth and maintenance of American Express’s Global Anti-Corruption Program.… Continue Reading

Global Contagion Report: Deutsche Bank AG

Country: Japan

Company Involved: Deutsche Bank AG

Industry: Banking and securities

Individuals: Shigeru Echigo, a director of Deutsche Securities Inc. and a former Mitsui pension executive, Yutaka Tsurisawa

Enforcement Action: Arrests

Summary:

Shigeru Echigo, 36, a director of Deutsche Bank AG’s Japanese brokerage unit and its pension solution sales department was arrested Thursday on suspicion of bribery.… Continue Reading

Park-Ohio discloses potential violation

Park-Ohio Industries Inc. said on Thursday that a third-party payment on its behalf to tax authorities may have violated the Foreign Corrupt Practices Act.

The subsidiary of Park-Ohio Holdings Corp. said in its latest quarterly filing with the Securities and Exchange Commission that it received a subpoena from the SEC in August.… Continue Reading

Another arrest in growing Navy bribe probe

A third senior U.S. Navy officer has been arrested in a widening bribery investigation and overbilling probe involving a Singapore company.

Navy Commander Jose Luis Sanchez was arrested Wednesday in Florida, the DOJ said.… Continue Reading

The 2012 Corruption Perceptions Index

Transparency International released its 2012 Corruption Perceptions Index (CPI) today, suggesting that levels of bribery, abuse of power, and secret dealings are still perceived to be very high in most countries.… Continue Reading

Qualcomm investigation grows

Qualcomm said this week it has stepped up a review of its FCPA compliance, while the DOJ and SEC continue to investigate the company.

San Diego-based Qualcomm hasn’t identified what business units or countries are involved or the amounts of any alleged sensitive payments.… Continue Reading