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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

Smith & Wesson pays SEC $2 million to resolve FCPA violations

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

‘Corruption makes us backwards’

From Nepal, writer Shiva Aryal said:

‘Corruption has badly affected our economic growth. . . More than 40 percent of the Nepali people are illiterate. Illiteracy prevents them from acting wisely.

Continue Reading

Global Contagion Report: Securency International

Country: Australia

Company Involved: Securency International

Industry: Financials

Industry Subsector: Banks

Officials Involved: Herman Joseph Susmanto, Indonesian central bank currency chief; Le Duc Thuy, former Vietnam State Bank governor; Mohamed Daud Dol Moin, former assistant governor of the Malaysian central bank; Elizabeth Masamune, former senior Austrade commissioner

Enforcement Action: Charge

Summary: A total of nine former executives of the Reserve Bank of Australia (RBA)’s banknote-printing unit Note Printing Australia and its sister company, Securency International, have been charged by Australian authorities with bribing officials in Malaysia, Indonesia, Nepal, and Vietnam to win lucrative contracts.… Continue Reading

Tone at the top of the world

The Emblem of the Kingdom of Bhutan འབྲུག་རྒྱལ་ཁབ་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