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
What can a company do to convince prosecutors, regulators, and sentencing judges that it is committed to compliance? The question needs an answer because commitment is the feds’ threshold issue and the top-ranked hallmark when evaluating compliance programs.… Continue Reading
The SEC has awarded 123 whistleblowers an astounding $731 million since the first payout in 2012. But what do we really know about the whistleblower program? The SEC’s Office of the Whistleblower recently released its 2020 Annual Report to Congress, and it raises more questions than it answers.… Continue Reading
When the SEC launched its whistleblower reward program in 2011, many predicted a flood of FCPA complaints. That didn’t happen. From FY2012 through FY2020, the SEC logged over 40,000 tips overall, but just 1,667 FCPA tips, or an average of 185 a year.… Continue Reading
This year the SEC has already awarded $114 million to whistleblowers, nearly twice the amount than for all of 2019. Three awards in 2020 are among the ten biggest SEC payouts ever, including last week’s $50 million award to a former BNY Mellon currency trader.… Continue Reading
I appreciate the FCPA Blog’s exploration of the topic of transparency as applied to transparency groups, which discusses the different facets of secrecy and confidentiality, and how those concepts operate in different contexts.… Continue Reading
As readers of the FCPA Blog know, the Dodd-Frank Act in 2010 created whistleblower bounty programs in both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).… Continue Reading
Anti-corruption authorities in the Philippines are preparing to arrest three powerful senators after they were indicted Friday by an anti-graft court.
Justice Secretary Leila de Lima said she was confident there was enough evidence to move forward, the Gulf Times reported.… Continue Reading
June 6 is the U.S. Securities and Exchange Commission’s 80th birthday. It’s a good reason to revisit the agency’s role in regulating the world’s biggest securities market and the varying interpretations of its mission.… Continue Reading
The SEC said Tuesday it awarded two whistleblowers more than $875,000 for their tips that helped the agency bring an enforcement action.
The two individuals will split the money evenly.
The SEC didn’t release details of the enforcement action or the identities of the whistleblowers.… Continue Reading
The acting chairman of the U.S. Commodity Futures Trading Commission (CFTC) said Tuesday the agency will make its first award to a whistleblower under the program created by the Dodd-Frank Act of 2010.… Continue Reading
Qualcomm Inc, the world’s biggest mobile chipmaker, could face a FCPA enforcement action over alleged bribery to officials in China’s state-owned firms, the company disclosed in an SEC filing Wednesday.
Qualcomm said it received a Wells Notice on March 13 from the SEC’s Los Angeles Regional Office that recommends an enforcement action against the company for bribery in China.… Continue Reading
The country’s top anti-corruption watchdog has started a new round of nationwide inspections to uncover corruption in various state organizations. The team that travelled to Henan province was staying at the Yellow River Guesthouse in Zhengzhou, where it was available to receive reports from local whistleblowers and petitioners.… Continue Reading