The FCPA Blog

Measuring internal controls

Richard L. Cassin — Mon, 20 May 2013 16:28:00 +0000

As reported last week, the Las Vegas Sands said it has improved its internal controls. The board's audit committee, according to the company, now believes the internal controls 'do not represent a material weakness . . . over financial reporting.'

Even in liquidation, Allied Defense Group waits for DOJ decision

Richard L. Cassin — Mon, 20 May 2013 12:02:00 +0000

One of the defendants in the failed Africa sting FCPA prosecution was Mark Morales. He worked for a military ordnance maker that was part of the Allied Defense Group.

Full access to ethiXbase Monitor for just $4 a day

The FCPA Blog — Mon, 20 May 2013 11:08:00 +0000

Wal-Mart’s Victims Part IX: Are Host Governments Victims or Perpetrators?

Andy Spalding — Mon, 20 May 2013 10:28:00 +0000

I’ve argued in this series (see links to the prior posts below) and in this paper that FCPA enforcement should benefit the victims of bribery -- namely, the citizens of the countries in which the bribery occurs. Congress intended the statute to do this very thing, and it should do so now.

Job: General Counsel

FCPA Jobs — Fri, 17 May 2013 15:28:00 +0000

Job Title: General Counsel

Company: TheStreet

Location: New York, NY

Bourke enters Englewood

Richard L. Cassin — Fri, 17 May 2013 11:28:00 +0000

Frederic Bourke is now an inmate of Englewood Camp, a minimum-security facility in the southwest suburbs of Denver, Colorado, in the foothills of the Rocky Mountains.

China Corruption Blotter (May 17, 2013)

Hui Zhi — Fri, 17 May 2013 10:18:00 +0000

According to online allegations, Tao Mingzhe, deputy director of Shenzhen (Guangdong Province) People’s Hospital’s anesthesiology department, took bribes worth millions of dollars from drug and medical device companies, and has two mistresses. Pharma companies allegedly paid for Tao to go on sightseeing trips and attend symposiums. He is being investigated by anti-corruption authorities. The hospital said Tao is still at his post. http://fanfu.people.com.cn

Wal-Mart busts its FCPA budget

Richard L. Cassin — Thu, 16 May 2013 19:18:00 +0000

Wal-Mart said Thursday it spent $73 million on FCPA-related expenses during the first quarter of 2013. It had budgeted $40 million to $45 million.

To those who carry a badge

Richard L. Cassin — Thu, 16 May 2013 12:28:00 +0000

This is National Police Week, when Americans thank our local, state, and federal law enforcement professionals for risking their lives to keep us safe.

ethiXbase Monitor - Are you watching?

The FCPA Blog — Thu, 16 May 2013 06:28:00 +0000