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

World Bank helps lead global shift to clean development

The private sector has long been a critical partner for the World Bank Group, providing necessary goods and services to countries in need while stimulating economies by creating new jobs.

Business has benefited from World Bank Group-financed contracts and the enhanced image and credibility that come from working on projects that help the greater good.

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Walmart is now the world’s living laboratory for compliance

Image courtesy of WalmartAfter two years of investigation, Walmart’s audit committee has released the company’s Global Compliance Program Report on Fiscal Year 2014.

The Report’s description of Walmart’s new compliance program is stunning and deserves line-by-line scrutiny by the compliance profession.… Continue Reading

Snowden: NSA spies on companies too

Edward Snowden said on German TV that the National Security Agency spies on companies as well as people.

During an interview broadcast Sunday night, Snowden said: “If there is information at Siemens that they [the NSA] think would be beneficial to the national interests, not the national security, of the United States, they will go after that information and they’ll take it.”

He didn’t provide other details about the corporate targets or what information might be collected from them.… Continue Reading

Alcoa disgorgement is third biggest in FCPA history

As part of its $354 million settlement this week, Alcoa agreed to pay the third biggest disgorgement in FCPA history — $161 million.

What is disgorgement? It’s a remedy, according to our contributing editor Marc Alain Bohn, authorized by the Securities Exchange Act of 1934 that’s ‘used to deprive wrong-doers of their ill-gotten gains and deter violations of federal securities law.’

The FCPA was enacted in late 1977.… Continue Reading

Weatherford lands on our Top 10 list

With its $152.6 million FCPA enforcement action Tuesday, Weatherford International has landed ninth on our list of the Top 10 FCPA cases of all time.

Nine of the ten biggest cases still involve non-U.S.… Continue Reading

Siemens compliance officer retaliation suit dismissed

A federal lawsuit by the compliance officer for Siemens’ healthcare business in China who said he was fired for internally reporting FCPA violations was dismissed Monday. The U.S. District Court in New York said the anti-retaliation provisions of the Dodd-Frank Act don’t apply outside the United States.… Continue Reading