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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

Legg Mason reserves $67 million for FCPA settlement

Fund manager Legg Mason, Inc. said Wednesday it expects a settlement soon of a Foreign Corrupt Practices Act investigation into a unit that managed money for the Libyan government.

The investigation concerns Permal Group’s Libya deals from 2005 to 2007.… Continue Reading

Job: Anti-Bribery and Corruption Compliance Officer

Job Title: Anti-Bribery and Corruption Compliance Officer

Employer: Société Générale

Location: New York, NY

Description: Responsibilities include, but are not limited to:

  • Lead the implementation and management of the SGUS Anti-Bribery and Corruption Compliance Program based on a risk assessment of the Firm’s vulnerabilities and in collaboration with various stakeholders
  • Implement best practices for Anti-Bribery and Corruption Program governance, policy development, risk assessment, oversight over anything of value (e.g.,
Continue Reading

Sanctions probe now targets German banks

State and federal authorities have begun settlement talks with Commerzbank AG and Deutsche Bank over their alleged dealings with countries blacklisted by the United States.

The timing of a possible deal could cost the German banks billions in penalties is still unclear, Reuters said. … Continue Reading

U.S. probes two French banks for possible sanctions, AML violations

French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.

The U.S. Treasury and Justice Departments, the Manhattan district attorney’s office and the New York Department of Financial Services are conducting the investigations, the Wall Street Journal reported on Friday.… Continue Reading