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
I’m reluctant to tackle this topic for a couple of reasons. First, it’s going to be unpopular. We’re all the same. When we make a mistake, our first impulse isn’t to admit the mistake but to hide it.… Continue Reading
As the recent high-level and healthy debate on the FCPA Blog has shown, there are various ways to gather and analyze corruption-risk data at the country level, all of which have respective pros and cons but nevertheless are indispensable in our era of risk-based compliance decision-making.… Continue Reading
Roger Ng, a former managing director of Goldman Sachs, was convicted by a New York jury Friday on three counts including conspiring to violate the anti-bribery provisions of the FCPA, conspiring to circumvent internal accounting controls in violation of the FCPA, and conspiracy to commit money laundering.… Continue Reading
It was my job to tell the bright young employee he was being fired. I was the company’s outside counsel in Southeast Asia and the employee, a Singaporean, worked mainly in Malaysia.… Continue Reading
They are so familiar to those of us who follow FCPA enforcement actions that we’re likely to stop noticing them. Petrobras in Brazil, Corpoelec and PDVSA in Venezuela, Pemex and CFE in Mexico, Takilant in Uzbekistan, Sonangol in Angola, Alba in Bahrain, Telecommunications D’Haiti, 1MDB in Malaysia, and Pertamina in Indonesia.… Continue Reading
We’ve tabulated all countries reported in connection with the ten enforcement actions that comprise the latest FCPA Blog Top Ten list. Twenty-six different countries appear. Four of those countries are mentioned three times, and three appear twice.… Continue Reading
As I look back over the FCPA developments from 2020, one thing stands out: the DOJ and SEC continue to demand robust compliance controls. In some cases, the agencies reinforced long-standing expectations, and severely punished companies that strayed from them –something old.… Continue Reading
The DOJ and SEC Thursday imposed $3.3 billion in financial penalties against Goldman Sachs Group Inc. and a Malaysia subsidiary to resolve FCPA charges related to Malaysian sovereign wealth fund 1Malaysia Development Berhad.… Continue Reading
A court in Malaysia convicted former Prime Minister Najib Razak Tuesday on seven counts for looting the sovereign wealth fund 1Malaysia Development Berhad, including money laundering, abuse of power, and criminal breach of trust.… Continue Reading
Last week produced the clearest evidence yet that global companies are shifting production away from China. Kearny’s annual Reshoring Index showed a “dramatic reversal” in the amount of manufactured goods U.S.… Continue Reading
Airbus SE paid $4 billion (€3.6 billion) to settle global bribery and trade charges with French, UK, and U.S. authorities Friday after an eight-year investigation triggered by a British whistleblower.… Continue Reading
One luxury item is showing up more often in alleged graft-related asset seizures: wrist watches, especially the high-end variety with eye-watering price tags.… Continue Reading