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
They craft policies, train employees, oversee due diligence, perform risk assessments, and lead investigations. But there’s another compliance role that’s practically unknown: disciplinarian. … Continue Reading
It was a breakout year for compliance officers and compliance professionals, making them the big story of 2018. As I said mid-year, they’re rock stars now, famous and wanted.
Some stories about them from the FCPA Blog during 2018:
Alstom appointed a compliance officer, Sylvie Kandé de Beaupuy of Airbus, to its board of directors.… Continue Reading
Huawei CFO Meng Wanzhou (Image courtesy of Huawei)The chief financial officer of China’s Huawei Technologies was arrested in Canada last weekend and now faces extradition to the United States.
Meng Wanzhou was detained in Vancouver on December 1, the Canadian Justice Department said Wednesday.… Continue Reading
Growing up in the People’s Republic of China, I often heard the proverb, “water that is too clean has no fish.” Sadly, the adage is a rationalization for corruption. It claims that ethical business doesn’t yield profits.… Continue Reading
Only yesterday they were pimply FCPA nerds. But a strange thing happened. They morphed into the cool kids.
Today’s compliance officers are famous and wanted.
Here’s some evidence.
The White House commuted ZTE’s corporate death sentence by arranging to embed hand-picked compliance officers in the outlaw Chinese company.… Continue Reading
At the federal level in the United States, cryptocurrencies have a lot of regulators — FinCEN, OFAC, the IRS, the Commodity Futures Trading Commission (CFTC), and the SEC among them.
These regulators characterize cryptocurrencies respectively as money, property, commodities, and a security. … Continue Reading
As reported on the FCPA Blog on June 7, in the Commerce Department’s announcement of its settlement with ZTE Corporation, it referred to a requirement for ZTE to “retain a team of special compliance coordinators selected by and answerable to” the Commerce Department for ten years.… Continue Reading
Secretary of Commerce Wilbur Ross said Thursday that China’s ZTE will pay $1 billion in penalties, put $400 million in escrow, and accept a U.S.-appointed compliance department.
According to a Commerce Department statement, the new agreement requires ZTE “to retain a team of special compliance coordinators selected by and answerable to” the Commerce Department for ten years.… Continue Reading
Commerce Secretary Wilbur Ross said a deal the Administration has reached with China’s ZTE to restore its U.S. trading rights includes creating a new compliance department that’s staffed with American compliance officers.… Continue Reading
ZTE replaced its chief compliance officer after it admitted to the U.S. government in March that it made false statements about meeting the requirements of a settlement agreement.
The South China Morning Post said Wednesday that ZTE removed Cheng Gang, a senior vice-president, from his roles as chief compliance officer and chief legal officer, “according to an internal human resources notice dated March 8.”… Continue Reading
The U.S. Department of Commerce Monday imposed a denial of export privileges against ZTE and a related company for seven years for failing to comply with settlement terms in an earlier sanctions case.… Continue Reading
China’s ZTE Corporation agreed Tuesday with the DOJ and two other agencies to pay $892 million for knowingly shipping dual-use telecoms equipment to Iran for six years and lying to cover up the trade offenses.… Continue Reading
