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
Bloomberg reporters Mehul Srivastava and Andrew MacAskill published a story today about the recent murders of whistleblowers who tried to expose government corruption in India.
The disturbing report said at least twelve people have been killed since January 2010 after they used India’s Right to Information Act to expose local graft.… Continue Reading
The Arab Spring showed the power of social media and grass-roots transparency. Corrupt heads of state were swept out of office in Tunisia and Egypt. But some neighboring kleptocrats are fighting back.… Continue Reading
If you listen closely, you can hear the growing avalanche of whistleblower complaints. Unlike the pre-UK Bribery Act hysteria, business concerns about a significant rise in whistleblower complaints are legitimate.… Continue Reading
We’re not a big fan of the SEC’s whistleblower rules.
They let FCPA reward seekers go straight to the government — without ever telling the boss, general counsel, chief compliance officer, internal auditors, or directors.… Continue Reading
The SEC’s adoption of the final whistleblower reward and protection rules yesterday will make a few squealers and their lawyers rich. But what about the real cost?
The new rules say a whistleblower doesn’t need to report violations internally in order to qualify for a reward.… Continue Reading
Bloomberg said the commissioners voted 3-2 today in Washington.
The SEC received 1,200 comments about to the proposed rules.… Continue Reading
Robert Khuzami, the director of the SEC’s enforcement divisionThe date for the SEC to adopt final rules for the Whistleblower Incentives & Protection Program under Dodd-Frank is slipping.
By law, the final rules were supposed to be in place “no later than April 21, 2011 (9 months from enactment).”… Continue Reading
Next week the World Compliance FCPA Tour, which we’re pleased to be a part of, will be in Colombia — Bogota, Barranquilla, and Medellin — hosted there by AmCham.
The tour kicked off last week in Houston, and after Colombia will continue in Palo Alto, Washington, D.C.,… Continue Reading
A civil complaint filed last month in Indiana state court alleges that Allison Transmission executives paid bribes in China to win work there.
Stephen Lowe, an American working for Allison in Shanghai, said he witnessed cash payments, gifts of jewelry, and lavish parties for customers.… Continue Reading
A paper recently issued by Fulbright & Jaworski’s FCPA and International Anti-Corruption group says companies will likely be spending more money on defensive internal investigations instead of proactive compliance as a result of the new whistleblower program in the months and years to come.… Continue Reading
For years now, a certain reader has been stitching together for us enforcement topics in ways we hadn’t thought of.
This time our friend — who’s a top compliance professional and wants to remain anonymous — connects the dots from a few recent headlines.… Continue Reading
By Shruti Shah and Robert N. Walton
How the controversial whistleblower incentive provisions in the Dodd Frank Act will be implemented became slightly clearer last Wednesday. The SEC’s proposed new rules, available here, set the stage for the issuance of final rules next spring.… Continue Reading
