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
Mastercard has followed the success of its first compliance training video with a second release, this time about the perils of getting too close and comfortable with third-party suppliers, agents, and other intermediaries.… Continue Reading
Last month, the DOJ’s Leslie Caldwell, described the fight against corruption as “a necessary enforcement action to protect our own national security interests and the ability of our U.S. companies to compete on a global scale.”… Continue Reading
French pharma Sanofi is investigating possible illegal payments in the Middle East and Africa from 2007 to 2012 following allegations from an anonymous whistleblower.
Sanofi said Monday it has self reported the allegations to the U.S.… Continue Reading
Internal emails leaked from Australia’s Leighton Holdings warn that a $24 million “facilitation payment” linked to a 2010 Iraq contract would “attract attention” from auditors.
Other emails talk about plans by senior employees to make payments to “friends” in the Middle East and to inflate and backdate contracts to win work in Iraq, the Financial Review reported Monday.… Continue Reading
We’ve talked about graft as a cause of war. Now the Carnegie Endowment for International Peace has weighed in. It published a landmark study this month called Corruption: The Unrecognized Threat to International Security.… Continue Reading
Key Energy Services Inc. said it is investigating allegation of possible bribery involving its Mexico operations.
As reported by Petro Global News, the Houston-based firm said in an SEC filing last week that it learned about the allegations in April and has conducted an initial investigation into potential violations of the FCPA and other laws.… Continue Reading
Here’s what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:
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In 2012, NCR received anonymous allegations from a purported whistleblower regarding certain aspects of the Company’s business practices in China, the Middle East and Africa.… Continue Reading
Weatherford International agreed Tuesday to pay $152.6 million to the DOJ and SEC for FCPA offenses in the Middle East and Africa and violation of the Iraq oil-for-food program.
The Switzerland-based company also paid $100 million for export controls violations under the International Emergency Economic Powers Act and the Trading with the Enemy Act.… Continue Reading
In the last three years, fines for violations of the US Foreign Corrupt Practices Act (FCPA) – under which corporations with ties to the U.S. face criminal penalties for paying bribes to foreign government officials – have exceeded $2.1 billion.… Continue Reading
In an earnings call Thursday, Gavin Bell, the vice president of investor relations for Atlanta-based NCR, revealed more details about investigations of potential FCPA violations in China, the Middle East, and Africa.… Continue Reading