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FCPA Blog Daily News

Entries in debarment (56)

Tuesday
Apr112017

World Bank debars Denmark engineering firm for Vietnam, Indonesia bribes

The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing Director was also debarred for three and a half years.

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Wednesday
Mar222017

Hamid Sharif: Asian Infrastructure Investment Bank takes strong stance against corruption

There are commonalities across the sanction regimes of multilateral development banks (MDB). All have clearly articulated prohibited practices, investigation and sanction procedures, often including an array of possible sanctions and appeals process.

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Monday
Oct242016

World Bank debars Vietnam construction firm

The World Bank Group debarred Minh Anh Construction Joint Stock Company for misrepresenting facts during a project bid in Vietnam.

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Thursday
Oct202016

Development Bank Officials Share Insights on Managing Corruption Risks and Investigations 

Freshfields partner Dan BraunThe World Bank and other multilateral development banks (MDBs) fund more than $117 billion in projects each year. While not regulators, they have unique powers to investigate and punish companies for misconduct, like fraud and corruption, in the projects they finance.

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Wednesday
Oct122016

World Bank debars AC Boilers SpA after Egypt bids

The World Bank Group Tuesday debarred AC Boilers SpA and two affiliates for nine months for violating integrity guidelines during bids in Egypt.

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Monday
Oct102016

World Bank sanctioned 58 entities this year, longest debarment was 22.5 years

Last Friday, we released our 2016 Annual Update which outlines how we have countered the threat of corruption on behalf of the World Bank, the collective effort of 83 dedicated staff in Washington, DC and countless partners around the world. 

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Tuesday
Jun212016

New ISDC debarment report: Diversifying the government toolbox to protect taxpayer dollars

Last week, the U.S. Interagency Suspension & Debarment Committee (ISDC) released its FY2015 report. The annual report to Congress describes the status of the U.S. suspension and debarment system. 

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Wednesday
Dec022015

African Development Bank debars Hitachi for South Africa bribes

The African Development Bank Group said Wednesday it reached a settlement with Hitachi Ltd. that includes a one-year debarment for sanctionable practices by Hitachi subsidiaries on an AfDB-financed power project in South Africa.

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Tuesday
Oct272015

The Big Ban: Let's use debarment and exclusion to promote personal deterrence

In a New York Times op-ed, former assistant U.S. attorney Eric Havian recommended using better methods to deter corporate misbehavior. "Exclusion," he said, "needs to be dusted off, modernized and used more frequently.”

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Thursday
Apr022015

China-backed international development bank confronts graft worries

Chinese President Xi Jinping (C, front) meets with representatives of 21 Asian countries at the founding of the Asian Infrastructure Investment Bank (AIIB) in Beijing on Oct. 24, 2014. (Image courtesy of Xinhua/Huang Jingwen)News leaked a couple of years ago that China was promoting establishment of the Asian Infrastructure Investment Bank. The AIIB will compete for project funding against the IMF, World Bank, and Asia Development Bank, all seen as being under the thumb of the U.S., Europe, and Japan.

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Thursday
Oct302014

GW Law ‘Caught On’ Six Years Ago…

Image courtesy of GW LawYesterday, my FCPA Blog colleague, Dick Cassin, posted Memo to law schools: The world needs compliance officers, in which he implored law schools to train J.D. candidates in compliance. He also noted that while a few schools teach the FCPA and white collar courses, compliance is not taught in law schools.

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Monday
Jun022014

Snamprogetti pays $5.7 million to Africa Development Bank for TSKJ bribes

Snamprogetti Netherlands B.V. agreed to pay the Africa Development Bank $5.7 million in penalties for bribery related to contracts for liquefied natural gas production plants on Bonny Island, Nigeria. 

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