Skip to content

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

Zimmer’s latest FCPA disclosure (November 2012)

Medical device maker Zimmer Holdings, Inc. said in an SEC filing yesterday that it can’t predict the outcome of DOJ and SEC investigations into its overseas sales practices.

The enforcement agencies opened their investigations in 2007.… Continue Reading

Dutch Won’t Open Old Lockheed Wound

The leader of the Dutch government has refused to open a new investigation into the role played by Prince Bernhard in the Lockheed scandal that broke in 1976.

The head of the left-wing liberal D66 party, Alexander Pechtold, asked for ‘a commission of historians .… Continue Reading

BRIC Companies Rank Low On New TI Index

Transparency International yesterday released its 2011 Bribe Payers Index. It’s the fifth version of the index and the first update since 2008.

It ranks 28 of the world’s largest economies, TI said, ‘according to the perceived likelihood of companies from these countries to pay bribes abroad.’… Continue Reading

Avon Discloses SEC Investigation

Avon Products confirmed Thursday that the SEC has issued a formal order of investigation into possible violations of the Foreign Corrupt Practices Act.

Avon’s disclosure appeared in its quarterly report filed with the SEC.… Continue Reading

Former Olympus CEO Turns Whistleblower

The fired British CEO of Tokyo-based Olympus Corporation has turned over evidence of potentially corrupt payments to the U.K.’s Serious Fraud Office.

Michael Woodford, a thirty-year veteran at the company, served as CEO for just six months before being fired a week ago.… Continue Reading

A Life Sentence In Vietnam, Where Risks Abound

A Vietnamese official who took bribes from a Japanese company promoting road-building projects was sentenced to life in prison Monday, according to an AP report.

Huynh Ngoc Sy, 57, was found guilty of accepting $262,000 from Pacific Consultants International, or PCI.… Continue Reading

Someone Tell The Lawyers

The International Bar Association (IBA) said about half the world’s lawyers haven’t heard of the FCPA. Seventy percent are unaware of the U.K. Bribery Act, and four in ten don’t know about the OECD and U.N.… Continue Reading

The Enforcement Gap

By Nancy Z. Boswell and Robert N. Walton, Transparency International-USA

Transparency International’s sixth annual report on enforcement of the OECD Anti-Bribery Convention, released last week, paints a mixed picture. On the positive side, it shows active enforcement in seven of the 36 countries evaluated, including the U.S,… Continue Reading