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
Last week I wrote about three global trends creating risk and exerting a powerful influence on compliance — population growth, swelling money supply, and proliferating regulation. There’s another global trend but it’s usually overlooked in conversations about risk and compliance: urbanization.… Continue Reading
The World Bank debarred a private equity executive Thursday for two years for misleading the International Finance Corporation that supports a closed-end private equity fund investing in Turkey.… Continue Reading
The World Bank debarred a Vanuatu power and communication company Wednesday for fraudulent practices connected to a project in Vanuatu.… Continue Reading
Earlier this month, telecom giant Ericsson agreed to resolve breaches of its 2019 FCPA DPA by paying $206.7 million in new penalties and pleading guilty to charges deferred by the DPA — one count of conspiracy to violate the FCPA anti-bribery provisions and one count of conspiracy to violate the internal controls and books and records provisions.… Continue Reading
The World Bank debarred a Kenyan engineering, procurement, and construction company Wednesday for fraudulent practices connected to a project in Uganda.… Continue Reading
In recent years, the World Bank Group has responded to overlapping global and regional crises with record levels of financial support. It is critical to ensure that these important development funds are used only for their intended purposes.… Continue Reading
The International Finance Corporation (IFC) has two very important missions when investing in developing countries: development and poverty reduction. These missions present unique opportunities for the IFC and its counterparties to make significant development impacts and grow in previously untapped markets, while mitigating integrity risks through close collaboration.… Continue Reading
The World Bank debarred a consultant from Vanuatu and his affiliated companies Monday for a year and a half for a fraudulent practice connected to a project in Vanuatu.… Continue Reading
The World Bank debarred a Korean IT company Monday for three years for an obstructive practice connected to a project in Vietnam.… Continue Reading
The World Bank debarred a Spanish consultant in the oil and gas industry and his affiliated companies Wednesday for three years for a corrupt practice connected to a project in Guyana.… Continue Reading
When you look at the numbers, the dominance of English as our lingua franca isn’t apparent. Out of the world’s total population of 7.5 billion people, about 1.5 billion can speak English, and just 400 million of them are native English speakers.… Continue Reading
The UN Convention Against Corruption (UNCAC), ratified in 2005, endorsed the post-colonial idea of independent anti-corruption agencies as a best practice to fight graft at the country level. Today, around 60 countries have at least one independent anti-corruption agency.… Continue Reading
