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
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
So far in 2021, nine companies have disclosed new FCPA investigations. All nine new FCPA investigations disclosed by issuers remain active and open, according to the companies.… Continue Reading
As Salomé Lemasson’s excellent post earlier this week reported, a new level of corporate accountability for overseas bribery and ESG is breaking out across Europe. That’s welcome news, especially to those of us who once wondered if corporations there would ever face the music.… Continue Reading
The world’s largest advertising group, WPP plc, agreed Friday to pay the SEC $19.2 million in penalties and disgorgement to resolve FCPA offenses in India, China, Brazil, and Peru.… Continue Reading
The World Bank debarred a South Korean engineering and construction company Wednesday for thirteen months for fraud involving a project in Vanuatu.… Continue Reading
Quad/Graphics Inc. agreed Thursday to pay the SEC nearly $10 million to settle violations of the Foreign Corrupt Practices Act for long-running bribery schemes and cover-ups in Peru and China.
The Sussex, Wisconsin print and digital marketing company disgorged $6.9 million and prejudgment interest of about $960,000, and agreed to pay a civil penalty of $2 million.… Continue Reading
Ex-Peruvian president Alan Garcia We know the various ways to measure the human costs of corruption: depletion of the public fisc, unequal access to government services, shoddy contracts awarded to sub-standard providers, the de facto business tax that makes economies less efficient, and so on.… Continue Reading
For over a year, Brazilian federal police could not access the files on Marcelo Odebrecht’s notebook computer. They tried using the password from Marcelo’s cell phones, with no luck.
Even Marcelo himself could not access the computer, as his password had been generated by two different electronic tokens that change combination with each access, and he no longer had the tokens following his arrest.… Continue Reading
Peru welcomed the new year by enacting into force Law 30424, which introduces corporate criminal liability applicable to bribery.
Peruvian law now recognizes the independent criminal liability of a legal person for local and foreign bribery, imposing sanctions ranging from fines, debarment from government contracting to dissolution of the legal entity.… Continue Reading
Three fund managers and a national government said in SEC filings last week that Odebrecht’s corruption scandal has become a problem and a risk factor for them.
Brazil-based Odebrecht, an engineering and construction giant with world-wide reach, agreed late last year to settle bribery offenses by paying global criminal penalties of at least $2.6 billion.… Continue Reading
Wal-Mart’s Executive Vice President and Global Chief Ethics and Compliance Officer told the Thomson Reuters Financial and Risk Summit that his company is seeking ISO 37001 certification.
“We have begun looking for a company that would certify us,” Jay Jorgensen, said on May 3.… Continue Reading
The ISO 9001 Quality Management System has been a spectacular success, with over 1.3 million organizations certified around the world since the standard’s 1987 introduction.
We believe the ISO 37001 Anti-Bribery Management Systems may enjoy similar widespread worldwide acceptance.… Continue Reading
