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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

John Kerry in Davos: Corruption fuels extremism and unrest

At the World Economic Forum in Davos Thursday, Secretary of State John Kerry highlighted the links between corruption and unrest in countries including Libya, Yemen, Burundi, and Iraq.

“Only better governance can rout the scourge of corruption, which costs the global economy $2.6 trillion, blights job prospects, and opens up a vacuum that allows the predators to move in,” he said.… Continue Reading

Norway jails four ex Yara execs for India, Libya bribes

A court in Norway Tuesday sentenced four former senior executives of Norwegian fertilizer maker Yara International to prison, including the ex-CEO and former top lawyer.

A three-judge panel convicted the defendants of paying about $8 million in bribes in India and Libya to gain access to markets there.… Continue Reading

Canada charges SNC-Lavalin for Libya bribes

Robert Card, the President & CEO of SNC-LavalinCanadian engineering and construction giant SNC-Lavalin said Thursday the company and two subsidiaries have been charged with criminal corruption and fraud.

It said the Public Prosecution Service of Canada brought charges against SNC-Lavalin Group Inc.,… Continue Reading

‘Victim’ SNC-Lavalin collects $13 million in recovered funds

Canada’s biggest engineering and construction firm is recovering more than $13 million, claiming it was a victim of alleged bribes paid to the son of former Libyan dictator Moammar Gadhafi.

The Wall Street Journal’s James Grimaldi and Margaret Coker reported that SNC-Lavalin’s recovery “has surprised many lawyers involved with stolen-asset recovery efforts, because the work has been focused on returning ill-gotten gains to the countries, not firms whose officials paid bribes.”… Continue Reading

WSJ: Money laundering probe could hold up Commerzbank sanctions settlement

Image courtesy of CommerzbankThe U.S. Attorney in Manhattan is investigating Germany’s  Commerzbank AG for alleged violations of money-laundering laws, the Wall Street Journal reported Friday.

The story by Chris Matthews said the new investigation could block efforts by Commerzbank, Germany’s second biggest lender, to settle separate allegations that it violated U.S.… Continue Reading

BNP admits guilt, fined $8.9 billion for U.S. sanctions violations

Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas (Image courtesy of Euro Business Media via YouTube)French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9 billion penalty for transferring billions of dollars on behalf of blacklisted Sudan, Iran and Cuba, U.S.Continue Reading