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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

Embraer pays $205 million to settle FCPA charges

Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.

Embraer bribed officials in the Dominican Republic, Saudi Arabia, and Mozambique.… Continue Reading

AML watch: The Egmont Group steps up enforcement against terrorist financing

The Egmont Group — Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations — issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing.

The Egmont Group, founded in 1995, is used by enforcement agencies to share information and help each other develop evidence to prosecute financial crimes, such as money laundering, tax evasion, and graft.… Continue Reading

Job: Project Ethics & Compliance Officer (Bechtel – Riyadh, Saudi Arabia)

Job Title: Project Ethics & Compliance Officer

Employer: Bechtel

Location: Riyadh, Saudi Arabia

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Description

Role Overview The Project Compliance Officer is responsible for administering the Bechtel Ethics and Compliance Program for company employees working on the Riyadh Metro Project in Saudi Arabia, a major Infrastructure project and Bechtel’s largest ever lump sum project.… Continue Reading

Former senior Bechtel exec took $5 million in kickbacks

A former top executive of Bechtel Corporation pleaded guilty Thursday for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.

Asem Elgawhary, 73, of Potomac, Maryland, entered his plea in federal court in Maryland to mail fraud, conspiracy to commit money laundering, and obstruction and interference with the administration of the tax laws. … Continue Reading

Germany probes Airbus for bribery

Prosecutors in Munich confirmed Wednesday that Airbus is under investigation for bribery connected with border security contracts in Romania and Saudi Arabia.

Several employees of Airbus Defence and Space, formerly EADS, are the targets of the investigation.… Continue Reading

SEC sanctions ex FLIR employees for Saudi Arabia bribes

Image courtesy of FLIRThe Securities and Exchange Commission said Monday it sanctioned two former employees in the Dubai office of a U.S.-based defense contractor for violating the Foreign Corrupt Practices Act by taking government officials in Saudi Arabia on a “world tour” to help win business for the company.… Continue Reading

OECD enforcement grades are in (and still aren’t pretty)

For the tenth year in a row, Transparency International (TI) has assessed enforcement of the OECD Anti-Bribery Convention (the Convention) and the results are disheartening.

The Convention is important for curbing foreign bribery because its forty one signatory countries collectively account for approximately two-thirds of world exports.… Continue Reading

Will GPT be the SFO’s next BAE?

The Financial Times reported Friday that anti-corruption groups, (Global Witness, Transparency International and Corruption Watch) had written to the Prime Minister and the Director of the Serious Fraud Office raising concerns about the integrity of the SFO’s investigation into the sale by GPT Special Project Management, an Airbus subsidiary, of communications equipment to the Saudi National Guard.… Continue Reading