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
Swiss conglomerate ABB Ltd agreed Friday to pay penalties of $462.5 million to resolve charges that it violated the Foreign Corrupt Practices Act by bribing a South African official to win contracts for a power plant project.… Continue Reading
The UK subsidiary of Swiss mining giant Glencore was ordered to pay £281 million ($314 million) in the United Kingdom on Thursday for bribes in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea, and South Sudan.… Continue Reading
Compliance professionals have known for decades that intermediaries are involved in nearly all FCPA anti-bribery violations. The DOJ and SEC say plainly that FCPA enforcement actions “demonstrate that third parties, including agents, consultants, and distributors, are commonly used to conceal the payment of bribes to foreign officials in international business transactions.”… 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
Switzerland-based mining and commodities giant Glencore plc on Tuesday settled corruption investigations in the United States, the UK, and Brazil. In the U.S., subsidiary Glencore International AG pleaded guilty to one count of conspiracy to violate the FCPA and agreed to pay $700 million in criminal penalties and forfeiture.… Continue Reading
The World Bank debarred a Nigerian technology company and its managing director Wednesday for corrupt practices connected to a project in Nigeria.… Continue Reading
The World Bank debarred a Nigerian consulting company and its managing director Wednesday for two years and ten months for improper payments connected to a project in Nigeria.… Continue Reading
Last week, Apple’s comedy smash hit Ted Lasso took an unexpected turn when it tackled a more weighty issue — corruption in Nigeria’s oil and gas industry. Spoilers ahead.… Continue Reading
As the world’s leading international development organization, the World Bank Group has committed to embracing diversity and inclusion in its work and workplace, and it has taken a zero-tolerance policy toward racism and any other form of discrimination.… Continue Reading
Despite beginning to open up its once-notoriously secret banking system, Switzerland remains the go-to destination for the more discerning kleptocrats and assorted lawbreakers.… Continue Reading
An excellent post on the FCPA Blog last week from Matthew McFillin and Amanda Rigby of KPMG talked about Covid-19-caused government shutdowns, and delays companies are experiencing obtaining permits, licenses, visas, and the like.… Continue Reading
Nigeria has moved to ground a luxury private jet that a former oil minister purchased by allegedly using his illicit cut of a $1.3 billion oil deal. The Nigerian government’s asset recovery lawyers seized the aircraft after it landed at Montreal-Trudeau airport towards the end of last month.… Continue Reading
