Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

How a Financial Intelligence Unit is trailblazing anti-corruption enforcement

A central topic to the investigation and prosecution of corruption is the criminal offense of money laundering. In the past years, the intergovernmental Financial Action Task Force or FATFA has noted that Mexico has an adequate system to tackle money laundering and terrorist financing, but should step up efforts in pursuing launderers and confiscating their assets.… Continue Reading

Practice Alert: Mexico expands asset forfeiture to anti-corruption enforcement

Legislative changes in Mexico continue to expand the tools prosecutors have to fight corruption and to effectively recover illicitly acquired assets, particularly from corrupt activities. This is all the more significant given the recent major prosecutorial actions against the former CEO of PEMEX and others in what seems to indicate Mexico’s turn toward pursuing major corruption cases.… Continue Reading

Mexico joins the anti-bribery enforcement bandwagon

Anti-corruption law has never been thought to hold much sway in Mexican affairs. Despite a nominal prohibition of bribery and graft and an abundance of recent corruption scandals, the country’s history of minimal enforcement has fostered an expectation of impunity.Continue Reading

PEMEX requires compliance programs for contractors

In the next few weeks suppliers and contractors of PEMEX, Mexico’s state owned oil company, will be required to submit information on the existence and state of their compliance programs.

Many of the regional and local companies working with PEMEX could have difficulty meeting this new requirement and will have to undertake significant efforts to continue working with the Mexican oil giant.… Continue Reading

Key Energy pays $5 million to settle FCPA offenses in Mexico

Houston-based Key Energy Services, Inc. agreed to disgorge $5 million to settle Foreign Corrupt Practices Act offenses caused by bribes from its Mexican subsidiary to an employee at state-owned Pemex.

The SEC Friday charged Key Energy in an internal administrative order with violating the FCPA’s internal controls and books-and-records provisions.… Continue Reading

H-P Russia sentenced for mob-style felonies

A Russia subsidiary of Palo Alto-based Hewlett Packard Company pleaded guilty Thursday in federal court in San Francisco to conspiracy and substantive violations of the anti-bribery and accounting provisions of the Foreign Corrupt Practices Act.… Continue Reading

H-P in $108 million settlement for Mexico, Russia, Poland bribes

Hewlett-Packard agreed Wednesday to pay more than $108 million to settle FCPA charges brought by the DOJ and SEC.

The Palo Alto, California technology company is paying fines of $74.2 million to resolve the DOJ’s criminal case. 

It’s paying $29 million in disgorgement, including $26.47 million to the SEC and $2.53 million to satisfy an IRS forfeiture as part of the criminal matter. 

The disgorgement to the SEC is the 10th biggest FCPA disgorgement of all time.… Continue Reading

Corruption concerns cloud Pemex reform plan

Mexico President Enrique Peña Nieto wants to open the state oil company to private and foreign investment.

But potential partners subject to the FCPA night be reluctant to join with Pemex because of corruption red flags.… Continue Reading