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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

What’s it take to succeed as a local business partner?

In our experience, cooperation with the due diligence process, and developing a deep understanding of the compliance expectations held by multinational companies, are competitive advantages. They help local business partners stand out from the crowd, move through the due diligence process far more quickly, and grow a larger clientele among compliance-focused companies.… Continue Reading

World Bank bars three companies and former executive for collusion

The World Bank Thursday debarred three companies and a former executive for rigging bids and fixing prices on contracts under a bank-financed project in Pakistan.

Pak Elektron Limited (PEL) and two affiliates were debarred for 33 months for colluding on bids for the Electricity Distribution and Transmission Improvement Project.… Continue Reading

To find terrorism, look for graft

Last year, 17,958 people were killed in terrorist attacks, 61% more than the previous year. More than 80% of all deaths from terrorist attacks occurred in five of the world’s most corrupt countries — Iraq, Afghanistan, Pakistan, Nigeria, and Syria.… Continue Reading

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

Financial Action Task Force: These nations have AML deficiencies

The Financial Action Task Force (FATF) identified jurisdictions that have strategic deficiencies in their anti-money laundering and financing of terrorism controls in a public statement Friday.

The FATF is a membership body that sets the global standards for anti-money laundering (AML) and financing of terrorism (FT) programs and controls.… Continue Reading

Nations at war

Fifteen countries currently at war against an external enemy or internal insurrection have an average ranking on the corruption perceptions index of 150 (the cpi ranks 175 countries). Two of them — Somalia and Afghanistan — are tied for last place at 175.… Continue Reading