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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Prime Minister Narendra Modi demonetized all existing Indian currency notes of rupee 500 and 1,000 denominations in November last year, triggering a cash crunch, factory shut downs, unpaid wages, unrecovered debts, and never ending lines at ATMs.… Continue Reading
Maybe. Canada has had a tax whistleblower program for four years, the Offshore Tax Informant Program (OTIP).
The OTIP pays individuals who qualify for the program and provide information to CRA regarding international non-compliance by Canadian taxpayers.… Continue Reading
In the prior post I talked about how, after nearly 40 years of FCPA history, the DOJ first used disgorgement as a remedy, including it this year in two declinations under the Pilot Program.… Continue Reading
This year the DOJ required disgorgement of ill-gotten gains as a predicate for preferential treatment under the new FCPA enforcement Pilot Program, regardless of whether the participating company was publicly or privately owned.… Continue Reading
The Office of the Chief Counsel of the IRS released an Advice Memorandum on May 6 that said a disgorgement payment to the SEC in a corporate FCPA enforcement action wasn’t tax deductible.… Continue Reading
The owners of a tax preparation business that filed fraudulent tax returns on behalf of inmates at various New Jersey prisons were sentenced Friday to multi-year prison sentences.
Kamal J. James, a/k/a Bro Messiah Aziz El, 34, of Seaford, Delaware, and Crystal G.… Continue Reading
It’s not illegal for most people to own anonymous companies. Walt Disney used them to buy land near Orlando for Disney World. He didn’t want prices to go crazy with news Mickey Mouse was coming to town.… Continue Reading
In prior posts I noted both Kazakhstan’s successes and failures in improving its business environment and examined the possible reasons for Kazakhstan’s contradictory performance. I also provided tips for American companies contemplating potential investments in Kazakhstan or other emerging markets.… Continue Reading
In the e-book we wrote as a guide to navigating corruption challenges in emerging markets, we talk in one chapter about guarding against anti-corruption problems in connection with philanthropic and grant-giving activities.… Continue Reading
Mondelēz International, Inc. said in a securities filing Friday that it received a Wells notice from the SEC in connection with operations in India and a factory there it bought from Cadbury.… Continue Reading
Three employees of Swift Technical Solutions Ltd were found not guilty at Southwark Crown Court in London of corruption offenses related to the tax affairs of a Nigerian subsidiary, the SFO said Tuesday.… Continue Reading
On Friday April 17, the World Bank Group will host a program that discusses the importance of strengthening global action to reduce and deter tax evasion. You can attend the program in person by registering here, or stream the event online here.… Continue Reading