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
Spanish pharma Grifols S.A described ongoing corruption investigations across Europe and in South America and Asia in a recent SEC filing.
Some of the investigations relate to sales practices by Talecris Biotherapeutics.… Continue Reading
Freedom House said in its latest report that 54 countries showed overall declines in political rights and civil liberties, compared with 40 that showed gains.
“For the eighth consecutive year, Freedom in the World recorded more declines in democracy worldwide than gains,” Freedom House said.… Continue Reading
The protests of the Brazilian people have moved their Parliament to action. Late last week, after a protracted procedural history, the Brazilian Senate approved the Clean Company Act. It now goes to President Dilma Rousseff for final approval.… Continue Reading
In its annual report filed with the SEC on February 14, Minnesota-based 3M Company said the DOJ and SEC won’t bring an FCPA enforcement action following an internal investigation into allegations of bid rigging and bribery by a subsidiary in Turkey.… Continue Reading
At least 680 soccer games around the world were fixed between 2008 and 2011, about half by a syndicate allegedly operating from Singapore, an international police coalition said Monday.
The matches include World Cup qualifiers, European Championship games, and league games across Europe, Asia, and Africa, according to the European anti-crime agency Europol.… Continue Reading
Tyco International Ltd. agreed on Monday to pay criminal and civil penalties totaling more than $26 million to resolve Foreign Corrupt Practices Act violations.
The Switzerland-based maker of fire security products paid more than $13.6 million in criminal penalties to the DOJ, and $13 million in civil penalties to the SEC.… Continue Reading
This may be cheap science. But take a look at the seventeen Eurozone countries according to their rank on the 2010 corruption perception index.
Greece is perceived as the most corrupt country in the Eurozone.… Continue Reading
Another company joins our list of those with ongoing FCPA investigations.
In its latest SEC filing, 3M said on November 12, 2009, it contacted the DOJ and SEC “to voluntarily disclose .… Continue Reading
Electrical technology giant ABB Ltd of Switzerland reached a settlement Wednesday with the DOJ of criminal FCPA charges and will pay a fine $19 million. And in resolving civil charges with the SEC, the company will disgorge $22.8 million and pay a $16.5 million civil penalty.… Continue Reading
Germany’s Daimler AG has been charged in a criminal information with Foreign Corrupt Practices Act-related violations involving “at least 22 countries over almost a decade.” China, Croatia, Egypt, Greece, Hungary, Indonesia, Iraq, Ivory Coast, Latvia, Nigeria, Russia, Serbia, Montenegro, Thailand, Turkey, Turkmenistan, Uzbekistan, and Vietnam are among the countries mentioned.… Continue Reading
Transparency International’s Global Corruption Report 2009 is here. At 462 pages, it may be the most complete account of global corruption and anti-bribery efforts ever assembled. Reference books like this are both important and fun; you don’t need to read from front to back, first page to last.… Continue Reading
[Updated and Corrected] It was a corporation that tolerated fraud, deceit and concealment. There were slush funds used to bribe public officials. There were phony contracts and fake invoices to cover up the corruption, and there was a boardroom that knew for years what was happening but feigned ignorance.… Continue Reading
