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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

Global Contagion Report: Securency International

Country: Australia

Company Involved: Securency International

Industry: Financials

Industry Subsector: Banks

Officials Involved: Herman Joseph Susmanto, Indonesian central bank currency chief; Le Duc Thuy, former Vietnam State Bank governor; Mohamed Daud Dol Moin, former assistant governor of the Malaysian central bank; Elizabeth Masamune, former senior Austrade commissioner

Enforcement Action: Charge

Summary: A total of nine former executives of the Reserve Bank of Australia (RBA)’s banknote-printing unit Note Printing Australia and its sister company, Securency International, have been charged by Australian authorities with bribing officials in Malaysia, Indonesia, Nepal, and Vietnam to win lucrative contracts.… Continue Reading

Job: Risk Management & Compliance (RMC) Manager

Title: Risk Management & Compliance (RMC) Manager

Company: Robert Walters

Location: Ho Chi Minh City, Vietnam

Job Scope: Our client is a very well-known brand in FMCG industry. In order to support our challenging Finance agenda, they are looking for qualified candidates for the position of Risk Management & Compliance (RMC) Manager.… Continue Reading

Successor liability hounds Dialogic

In June 2010, a California-based VOiP company called Veraz Networks, Inc. paid $300,000 to settle SEC charges that it violated the FCPA’s books and records and internal controls provisions by making illegal payments to foreign officials in China and Vietnam.… Continue Reading

Owens-Illinois launches FCPA investigation

Glass-maker Owens-Illinois Group, Inc. has disclosed an internal investigation into possible violations of the Foreign Corrupt Practices Act.

The Ohio-based company said in an SEC filing late last week that violations of the FCPA’s antibribery and books and records provisions may have occurred in overseas operations.… Continue Reading

Trial of anti-graft bloggers opens in Vietnam

Three bloggers who reported about alleged corruption in Vietnam are on trial for spreading propaganda against the state. 

Nguyen Van Hai, Phan Thanh Hai, and Ta Phong Tan face up to 20 years in prison if convicted.… Continue Reading

Witnesses: Australia Reserve Bank bosses covered up bribery for years

There was explosive testimony this week during parliamentary hearings into bribery allegations against a unit of the Reserve Bank of Australia.

RBA subsidiary Securency allegedly paid bribes in Asia, Latin America, and Africa to win currency printing contracts, according to a former salesman for Securency and its sister company Note Printing Australia.… Continue Reading

Vietnam Arrests Spotlight Graft

Vietnam’s Prime Minister Nguyễn Tấn Dũng (photo courtesy of Wikipedia) One of Vietnam’s richest banking tycoons was arrested four days ago for “illegal businesses,” usually a euphemism for corruption.

The government’s move against Nguyen Duc Kien is prompting fears of instability in Vietnam’s banking segment. … Continue Reading

Survey Highlights Vietnam Risks

Nearly half of Vietnam’s companies said they have had to bribe officials in order to do business, according to a survey released last month by the Vietnam Chamber of Commerce and Industry.… Continue Reading

Aon Pays $16.2 Million In Settlement

Aon Corporation, one of the biggest insurance brokerage firms in the world, agreed today to resolve FCPA charges with the DOJ and SEC.

It will pay a $1.76 million criminal penalty to the DOJ and $14.5 million in disgorgement and prejudgment interest to the SEC.… Continue Reading