News and commentary about white-collar crime, enforcement, and compliance
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
Job Title: Senior Compliance Analyst
Employer: Smith & Wesson
Location: Springfield, Massachusetts USA
Job Description:
The Compliance Analyst is responsible for providing day-to-day support to continuously improve Smith & Wesson’s compliance program.… Continue Reading
In the e-book we wrote as a guide to navigating corruption challenges in emerging markets, we talk in one chapter about the particular risks companies face when they enter new markets.… Continue Reading
Job Title: Senior Compliance Analyst
Employer: Smith & Wesson
Location: Springfield, Massachusetts (USA)
Description
The Compliance Analyst is responsible for providing day-to-day support to continuously improve Smith & Wesson’s compliance program.… Continue Reading
During the third calendar quarter, there was one corporate settlement of an FCPA enforcement action and two individual resolutions. (The third quarter last year was less active, with no corporate resolutions.)… Continue Reading
Smith & Wesson Holding Corporation agreed Monday in an out-of-court settlement with the Securities and Exchange Commission to pay $2 million to resolve Foreign Corrupt Practices Act offenses.
The U.S.-based parent company paid bribes in Pakistan, Indonesia and other countries to win gun sales to military and police forces, the SEC said.… Continue Reading
Smith & Wesson said the DOJ has ended its FCPA investigation of the company and won’t bring criminal charges, and that a civil settlement with the SEC is close.
The DOJ launched the investigation after the 2010 indictment of its VP for sales at the start of the bungled Africa sting prosecution.… Continue Reading
Here’s what Massachusettss-based gun-maker Smith and Wesson said in its annual report (Form 10-Q) filed with the SEC on December 10:
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On January 19, 2010, the DOJ unsealed indictments of 22 individuals from the law enforcement and military equipment industries, one of whom was our former Vice President-Sales, International & U.S.… Continue Reading
The FCPA Blog posed this question to the DOJ and FBI’s public affairs’ offices Wednesday: Has the FCPA Unit at the FBI been disbanded? In response, Christopher Allen in the FBI’s Public Affairs Office said: “The FBI’s investigations are managed through the International Corruption Unit, and that unit is absolutely not being disbanded.”… Continue Reading
Image courtesy of Allied Defense GroupA munitions maker implicated in the failed Africa sting prosecution said Thursday the DOJ has ended an FCPA investigation, allowing the company to complete its stalled dissolution.… Continue Reading
The dark cloud that started with the failed Africa sting prosecution hasn’t lifted for Smith & Wesson.
The Massachusetts-based gun maker described the risks associated with the ongoing DOJ and SEC investigations into possible FCPA violations.… Continue Reading
Here’s the latest FCPA disclosure from Massachusetts-based Smith & Wesson from its Form 10-Q filed with the SEC on December 6. We’ve paragraphed the text for readability:
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On January 19, 2010, the DOJ unsealed indictments of 22 individuals from the law enforcement and military equipment industries, one of whom was our former Vice President-Sales, International & U.S.… Continue Reading
Photo courtesy of the Federal Bureau of InvestigationWhen the Africa sting investigation netted 22 coordinated arrests, the FBI was giddy with excitement. It even gave the case its own web page.… Continue Reading