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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

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.”… Continue Reading

Teva announces $519 million FCPA settlement

Teva Pharmaceuticals Industries Ltd. agreed Thursday with the DOJ and SEC to resolve FCPA violations through a deferred prosecution agreement and total payments of $519 million.

The $519 million settlement will rank fourth on our list of the ten biggest FCPA cases.… Continue Reading