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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

Nuke transport company pays $2 million to settle FCPA offenses

A Maryland company that bribed a Russian official to award uranium transportation contracts agreed Tuesday to pay a $2 million criminal fine to resolve FCPA charges.

Transport Logistics International Inc. (TLI) was charged with conspiracy to violate the FCPA’s anti-bribery provisions.… Continue Reading

What goes on in Russia’s biggest companies?

Transparency International – Russia graded the 200 biggest Russian companies for the amount of information they disclose about themselves. Most of them flunked.

On a scale of zero to ten for transparency, the companies scored an average of 2.6.… Continue Reading

OFAC adds five to Magnitsky sanctions list

The Treasury Department’s Office of Foreign Assets Control added four Russians and a Chechen to its list of those sanctioned under the Magnitsky Act for alleged human rights abuses.

The most prominent name on Wednesday’s list was the head of the Russian republic of Chechnya, Ramzan Kadyrov.… Continue Reading

OFAC adds Singapore companies, others to North Korea sanctions list

The U.S. Treasury Department’s Office of Foreign Assets Control Tuesday put more entities and individuals from China, Russia, Singapore and Namibia on the North Korea sanctions list.

OFAC said the blocked companies and people bought coal, minerals or oil from North Korea or supported its weapons programs.… Continue Reading

Andy Spalding on Bhutan: An anti-corruption movement like no other

Bhutan — the tiny Himalayan kingdom nestled between China and India — now writes an anti-corruption story unlike any I have seen, and in the best of ways. 

Deliberately isolated from the outside world and its geopolitical machinations, Bhutan has declined to establish diplomatic relations with the United States, China, and Russia alike.… Continue Reading

OFAC fines Exxon $2 million for violating Russia sanctions, Exxon sues

The Treasury Department’s Office of Foreign Assets Control fined Exxon Mobil Corp. $2 million Thursday for signing a joint venture with Russia’s Rosneft in “reckless disregard” of Ukraine-related trade sanctions.

In response, Exxon filed a lawsuit in federal court in Texas, arguing that it had guidance from the government that its action would be legal under existing law and OFAC rules.… Continue Reading

Report: Bombardier Sweden linked to $85 million Azerbaijan payments

Authorities in Sweden arrested an executive and questioned several others from international engineering and manufacturing firm Bombardier as part of an investigation into corruption in Azerbaijan.

A March 17 report by the Organized Crime and Corruption Reporting Project (OCCRP) said Bombardier Transportation AB is suspected of paying “millions of dollars in bribes to unidentified Azerbaijani officials through a shadowy company registered in the United Kingdom.”

The UK intermediary was identified as Multiserv Overseas Ltd.… Continue Reading