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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

Posts Tagged: Sudan

Judge accepts BNP guilty plea for sanction offenses

BNP Paribas pleaded guilty Wednesday to a charge of violating U.S. economic sanctions by processing transactions for clients in blacklisted countries, a development that a U.S. judge said should shows that no financial institution is “immune from the rule of law.”… 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

Who should pay for BNP’s crimes?

On June 30, the Justice Department and other federal and state agencies announced the long awaited settlement in the BNP case. The bank forfeited $8.8 billion and paid fines of $140 million for the “hat-trick of sanctions violations” — unlawfully offering the U.S.… Continue Reading

BNP admits guilt, fined $8.9 billion for U.S. sanctions violations

Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas (Image courtesy of Euro Business Media via YouTube)French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9 billion penalty for transferring billions of dollars on behalf of blacklisted Sudan, Iran and Cuba, U.S.Continue Reading

Weatherford expects $250 million settlement

Oil field services company Weatherford International said Monday it hopes to finalize a settlement with the U.S. government of FCPA and oil-for-food violations and trading with sanctioned countries for about $250 million.… Continue Reading

$4 Billion Lost To Corruption In Southern Sudan

Graphic courtesy of WikipediaAfrica’s youngest nation, the Republic of Southern Sudan, has lost more than $4 billion due to public sector corruption.

The country’s first and current president, Salva Kiir, sent a letter to 75  current and former government officials, accusing them of embezzling the money from state coffers.Continue Reading

The Bribes Of War

War is not only hell, it’s corrupt too.

Of the bottom ten countries on Transparency International’s 2010 Corruption Perception Index, six have active wars, insurrections, or major civil disturbances.

Included are Burundi, Chad, Sudan, Iraq, Afghanistan, Myanmar, and bottom-dweller Somalia.… Continue Reading

A Prince Of Persia

Iran has all the ingredients to be an FCPA minefield. It’s big — 66 million people in an area about the size of Alaska — and it’s the world’s 6th largest oil producer.… Continue Reading