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
When I talked to groups in Asia about the FCPA, there was always lots of interest, with at least half my podium time devoted to Q&As. But there was one question no one ever asked: “Why is there so little FCPA enforcement against Asian companies?”… Continue Reading
The Wall Street Journal reported Monday that China fined New York-based due diligence firm Mintz Group about $1.5 million for allegedly conducting unapproved “foreign-related statistical investigations” without official approvals in violation of Chinese laws.… Continue Reading
Adnan Khashoggi, the Saudi arms dealer in the middle of the giant 1970s bribery scandal that led to enactment of the Foreign Corrupt Practices Act, has died in London at 81.… Continue Reading
The Securities and Exchange Commission fined a Virginia-based technology company $180,000 Monday for using severance agreements that impeded former employees from communicating information to the SEC.
The SEC said NeuStar Inc.… Continue Reading
Yesterday’s post on Leslie Caldwell’s vision of the FCPA elicited a number of comments. And I do love a good back-and-forth.
The war on terror may be new, but framing the FCPA as a foreign policy tool is not.… Continue Reading
A few weeks ago, Transparency International UK’s (“TI-UK”) International Defence and Security Programme published the 2012 “Defence Companies Anti-Corruption Index.”
The index provides an in-depth look at the ethics and compliance programs of 129 of the world’s biggest defense contractors. … Continue Reading
Doping in sport, like graft in business, skews the rules of the game.
In the business realm, the United States decided thirty-five years ago to outlaw overseas bribery of government officials.… Continue Reading
There’s a reason why you don’t see many of the biggest U.S.-based government contractors on the FCPA top ten list (e.g., Lockheed, General Dynamics, Raytheon, Northrup, Boeing, etc.). Not that they didn’t struggle with compliance during the early years of enforcement, but they moved quickly to update their compliance and ethics programs once they saw the tide of FCPA enforcement turning.… Continue Reading
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
The first time we heard from Andy Spalding (left), a lawyer on a year-long Fulbright Research Grant in Mumbai, India, he floored us with the idea that the Foreign Corrupt Practices Act causes corruption and hurts poor people.… Continue Reading
When Suleiman A. Nassar was indicted in 1994 for violating the Foreign Corrupt Practices Act, he was a regional vice president of Lockheed International living near Geneva, Switzerland. His territory for Lockheed included Egypt, and in the late 1980s he landed a nice sale there — three C-130 military cargo planes worth $79 million.… Continue Reading
In May, a month after it agreed to be acquired by Oracle for $7.4 billion, Sun Microsystems said it may have violated the Foreign Corrupt Practices Act and that the violations could have a material effect on its business.… Continue Reading