Today I write from Berlin, staying in what was old East Berlin. Last week I spoke at an event in Malaysia. Both societies that have experienced and are experiencing (respectively) political, social and economic change that was once unimaginable.… Continue Reading
A Singaporean commodities trader has been put on the FBI’s most wanted list and sanctioned by the U.S. Treasury Department for allegedly laundering North Korean money through his family’s trading company.… Continue Reading
A former U.S. Navy commander was sentenced to 30 months in prison Friday for taking bribes from a Singapore-based defense contractor in exchange for sensitive information about ship movements and port calls.… Continue Reading
During most interviews, I’m asked this question or something like it: More companies than ever have compliance programs. Yet huge scandals keep making headlines. What gives?
To be fair, there’s plenty of evidence that compliance has failed: Volkswagen cheated on diesel emissions tests.… Continue Reading
When I started blogging in 2014, there was little discussion about how issues like financial pressures and “micro-cultures” could impact decision making that can lead us astray.
Now, though, the OECD has published an engaging work, Behavioral Insights for Public Integrity, Harnessing the Human Factor to Counter Corruption, focusing on the interaction between policy making and integrity.… Continue Reading
Assuming OFAC someday lifts the trade sanctions, and business between American companies and North Korea becomes legally possible, what does the initial due diligence look like?
No country in the world raises more red flags.… Continue Reading
Police in Kuala Lumpur are releasing more details about what they’ve seized from houses and condos belonging to Najib Razak, the former prime minister voted out of office this month amid a growing corruption investigation.… Continue Reading
On May 9 the DOJ announced a new policy concerning the coordination of penalties imposed by more than one regulator or law enforcement authority in corporate resolutions.
This new policy (pdf) against “piling on” requires DOJ attorneys to “coordinate with one another to avoid the unnecessary imposition of duplicative fines, penalties, and/or forfeiture against [a] company,” and further instructs DOJ personnel to “endeavor, as appropriate, to .… Continue Reading