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
The World Bank debarred a Spanish engineering company Thursday for cheating on a bid and lying about its work progress.
Ingeniería Especializada Obra Civil e Industrial S.A.U. was debarred for 28 months.… Continue Reading
In the e-book we wrote as a guide to navigating corruption challenges in emerging markets, we talk in one chapter about the particular risks companies face when they enter new markets.… Continue Reading
The Independent Commission for Aid Impact scrutinizes the spending of the UK’s £11.5 billion ($18.4 billion) overseas development assistance budget. The aid budget, which is the second largest after that of the United States, has been expanded to reach .71% of GDP and represents a genuine achievement for the current coalition government in difficult financial times.… Continue Reading
Smith & Wesson Holding Corporation agreed Monday in an out-of-court settlement with the Securities and Exchange Commission to pay $2 million to resolve Foreign Corrupt Practices Act offenses.
The U.S.-based parent company paid bribes in Pakistan, Indonesia and other countries to win gun sales to military and police forces, the SEC said.… Continue Reading
A report just released by Transparency International says corruption is on the rise in South Asia and failing to tackle it will threaten the region’s economic progress by deepening poverty and scaring off investors.… Continue Reading
The former deputy governor of Austria’s central bank and eight other defendants went on trial Monday for allegedly bribing officials in Azerbaijan and Syria to win banknote contracts.
The former vice governor, Wolfgang Duchatczek, and the others are accused of using the banknote-printing subsidiary of the central bank, the Oesterreichischen Nationalbank (OeBS), and paying bribes totalling €14 million ($19 million) to win contracts with Syria and Azerbaijan.… Continue Reading
From Nepal, writer Shiva Aryal said:
… Continue Reading‘Corruption has badly affected our economic growth. . . More than 40 percent of the Nepali people are illiterate. Illiteracy prevents them from acting wisely.
In the global battle against graft, the weapon that’s most essential is also the one in shortest supply — political will.
Without it the fight is over before it starts, and corruption grows.… Continue Reading