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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: VimpelCom

Why worry about compliance for overseas charitable contributions? Because the Feds do

Last month Amsterdam-based VimpelCom Limited and its wholly owned Uzbek subsidiary, Unitel LLC, paid U.S. penalties of $397.6 million to resolve FCPA offenses.

In its enforcement action, the SEC said that at least $114 million in bribe payments were funneled through an entity affiliated with an Uzbek official, and approximately a half-million dollars in bribes were disguised as charitable donations made to charities directly affiliated with the Uzbek official. … Continue Reading

Here’s our new Top Ten list, with VimpelCom landing sixth

Thursday’s $397.6 million enforcement action against VimpelCom Ltd. and its Uzbek unit landed in the sixth spot on our list of the top ten FCPA cases of all time.

It was the first change in our top ten list since Alstom joined in the number two position in December 2014.… Continue Reading

VimpelCom reaches $795 million resolution with U.S., Dutch authorities

Amsterdam-based VimpelCom Limited, the world’s sixth-largest telecommunications company, and its wholly owned Uzbek subsidiary, Unitel LLC, entered into resolutions with the DOJ, SEC, and Dutch authorities Thursday for paying more than $114 million in bribes to a government official in Uzbekistan between 2006 and 2012.… Continue Reading

More from 2015: Five sleazy pieces

We already talked about some of the biggest compliance and enforcement stories from the year just ended. Here are five more. 

Four of these stories show how compliance failures can instantly damage even the world’s best-known brands, that size and power can’t always protect a company or individual, and that in today’s interlocked global economy, graft scandals can spread like a virus.… Continue Reading

Switzerland launches probe of Uzbek first daughter

Gulnara Karimova, courtesy of YouTubeProsecutors in Switzerland have opened a money-laundering investigation into Gulnara Karimova, the eldest daughter of the president of Uzbekistan, Islam Karimov.

The investigation initially focused on four people linked to her, but prosecutors said Wednesday that Karimova is now part of the inquiry, the Guardian reported.… Continue Reading