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
A new anti-corruption regulator in Korea will start work imminently, targeting high-ranking government officials and potentially impacting private companies and their employees.… Continue Reading
Minnesota-based MTS Systems Corporation said Monday that FCPA investigations related to China and Korea are complete and the DOJ and SEC aren’t bringing enforcement actions.
The company’s disclosure was posted by FCPA Tracker Monday.… Continue Reading
IBM said in an SEC filing that the DOJ and SEC have closed their FCPA investigations into transactions in Argentina, Bangladesh, Poland, and Ukraine.
The U.S. investigations started in early 2012 when IBM notified the SEC of a probe by the Polish Central Anti-Corruption Bureau.… Continue Reading
China’s ZTE Corporation agreed Tuesday with the DOJ and two other agencies to pay $892 million for knowingly shipping dual-use telecoms equipment to Iran for six years and lying to cover up the trade offenses.… Continue Reading
Korea’s newly enacted anti-graft statute called the Kim Youngran law can’t be applied retroactively against allegations of grand corruption involving President Park and her confidante and the chaebols (family run conglomerates, such as Samsung and Hyundai).… Continue Reading
In the midst of Korea’s influence-peddling scandal involving President Park, her close associates, and chaebols (family run conglomerates such as Samsung and Hyundai), the country enacted a new anti-corruption law criminalizing graft and solicitation without the need to prove the bribe payer expected anything in return.… Continue Reading
South Korea has adopted the Foreign Bribery Prevention in International Business Transactions Act (FBPA), pursuant to its adherence to the Organization for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.… Continue Reading
Novartis AG said in a securities filing last week that Korean prosecutors launched a criminal investigation into allegations that “Novartis Korea utilized medical journals to provide inappropriate economic benefits to healthcare professionals.”… Continue Reading
Alexander Lukashenko, president of Belarus since 1994. (Image courtesy of the Belarus Digest)In a previous post, I shared some personal experiences that cause me to believe Belarus has lower-than-advertised levels of corruption, offering a solid foundation for investment.… Continue Reading
A federal appeals court Wednesday upheld the dismissal of a lawsuit by Mexico’s state-owned oil company that accused Siemens and SK Engineering & Construction of bribing its officials to win refinery refurbishing work.… Continue Reading
Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.
An EY survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea.… Continue Reading
After a wait of two years, a federal judge Wednesday granted final approval for IBM’s settlement with the SEC of civil FCPA charges.
U.S. District Judge Richard Leon, left, OK’d the $10 million settlement he first rejected in March 2011.… Continue Reading