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Editors

Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman 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

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Friday
May242019

The importance of setting a good compliance example

Former U.S. Attorney for the Southern District of New York Preet Bharara (Image from YouTube)Preet Bharara gave the morning keynote at the second day of Compliance Week 2019. It was interesting because rather than a speech he did so with a one-hour Q&A format with Allen & Overy partner Gene Ingoglia facilitating the session through the role of the questioner.

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Thursday
May232019

Huge social agency becomes unlikely compliance leader

The Mexican Social Security Institute (IMSS) has defied conventional wisdom to become a leader in reforming the country's anti-corruption efforts. The giant agency historically lacked an effective compliance program, with many responsibilities left to the functioning of internal controls -- an audit-related system with no power to remedy operational compliance gaps.

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Wednesday
May222019

World Bank debars Chinese fiber optic cable company

The World Bank debarred a Chinese fiber optic cable manufacturer and distributor Wednesday for 20 months for "fraudulent practices" involving a project in Zambia.

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Wednesday
May222019

Yes, GDPR has already changed the whistleblowing landscape

Last year just before the “big date” of May 25, I wrote a post trying to analyze GDPR provisions through the lens of the whistleblowing process. At that time there were many questions ranging from how the rules will apply to whistleblowing on a national level to how to balance individuals’ privacy rights against companies’ need to pursue investigations.

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Tuesday
May212019

Why we applaud the CFTC's anti-corruption enforcement efforts

It is no secret that the global commodities trading sector is rife with corruption risks. We at Global Witness have been investigating this for years, and have seen enforcement efforts fall short all too often. So we are pleased to see the chief U.S. commodities regulator, the Commodities and Futures Trading Commission (CFTC), start paying more attention to foreign corrupt practices.

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Monday
May202019

Practice Alert: Key differences in UK Bribery Act guidance versus FCPA guidance

The U.S. Department of Justice recently published new guidance on how it will assess corporate compliance programs. The DOJ Guidance streamlines previous U.S. guidance and expands on key subjects; providing a greater insight into how the the DOJ will approach its evaluation of compliance programs when considering whether a prosecution or other resolution is appropriate.  

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Friday
May172019

OFAC adds Russians, Chechen group to Magnitsky sanctions list

The U.S. Treasury Department's Office of Foreign Assets Control Thursday imposed sanctions on five individuals, including at least three Russians, and on a Chechen group for extra-judicial killings and torturing LGBT individuals.

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Thursday
May162019

Hong Kong charges ex-JPMorgan banker in ‘princeling’ bribery case

Catherine Leung Kar-cheung (image courtesy of MizMaa Ventures)Hong Kong’s anti-corruption agency said Thursday it has charged JPMorgan’s former Asia investment banking vice chair with two counts of bribery for trying to hire the son of an IPO client.

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Thursday
May162019

UK approach to policing fraud is appalling

The BBC is reporting that victims of fraud are not receiving the support from law enforcement that they warrant. Some police forces are even (apparently) actively seeking reasons to drop investigations into fraud. This all comes as no surprise, as I have mentioned the sorry state of fraud investigation in the UK on several occasions.

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Wednesday
May152019

Whistleblower protection protocols are now a key element of FCPA compliance

As whistleblower protection continues to grow as an important part of the compliance landscape worldwide, companies should be prepared for the inevitable increase in incidents requiring investigation. This includes allegations of corruption and bribery, which can present significant challenges when raised through internal whistleblower channels.

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Tuesday
May142019

World Bank debars Chinese electric power company

The World Bank debarred a Chinese electric power technology company Tuesday for fifteen months for "fraudulent practices" involving a project in West Africa.

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Tuesday
May142019

Hawaii businessman jailed for FCPA conspiracy

A Hawaii-based businessman who admitted bribing officials from Micronesia was sentenced Monday to 30 months in prison.

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