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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

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

Entries in Panama (55)

Tuesday
May172016

Bill Steinman: The death knell tolls for hiding beneficial owners

It’s a scenario that FCPA practitioners see all too regularly. A due diligence report regarding an intermediary reveals that it’s organized not in its home jurisdiction, but in Cyprus. Or Guernsey. Or Panama.

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Thursday
May122016

Martin Kenney on the Panama Papers: BVI has more corporate transparency than the U.S., UK

Martin Kenney appears on CBC News on April 4In the wake of the Panama Papers revelations, the U.S. has (belatedly) announced that it will tighten checks on anonymous companies. The rules, which include requiring financial institutions to find out and keep records on the real owners behind the companies that use their services, aim to help U.S. law enforcement pierce the layers of anonymous shell companies that people can use to disguise their financial dealings around the world.

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Wednesday
May112016

Alison Taylor: We can use stakeholder trust to measure integrity risk

The last five years have seen a dramatic shift in the transparency environment, in a trend that began with Wikileaks launching the Arab Spring, and which is now reaching fruition in the vast data leaks from Luxembourg, Unaoil and Panama. Companies can no longer reliably distribute information as they choose, or maintain control over its interpretation.

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Tuesday
May102016

Panama Papers: RBS, NatWest disclose FCA inquiry

Two related UK banks said in separate U.S. securities filings that the UK's top financial regulator has asked for information about any relationship the banks had with the Panama law firm at the center of the Panama Papers leak or with any individuals named in media coverage about the story.

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Monday
May092016

Shruti Shah on the U.S. response to the Panama Papers: A step in the right direction but more action is needed

Secretary of State John Kerry will attend the London Anti-Corruption Summit on May 12The massive leak dubbed the Panama Papers has given the UK Anti-Corruption Summit on May 12 an unexpected boost. Those coming to the summit, now including the U.S., are lining up to make announcements about the steps they are taking to tackle corruption and specifically financial secrecy.

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Friday
May062016

White House acts to end secret U.S. companies and hidden foreign ownership

Official White House Photo by Pete SouzaThe Obama Administration Thursday announced a series of actions to end the use of anonymous corporations in the United States and require disclosure of beneficial owners when foreigners deposit money or buy assets in this country.

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Tuesday
May032016

Fernando Cevallos: For Latin America, ISO 37001 brings needed compliance credibility

I live in Mexico City and work in Mexico and Latin America. Here's what ISO 37001 looks like from my perspective.

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Thursday
Apr142016

Bill Waite on the Panama Papers: It's time for some crisis management

A good friend of mine who ended his career as a very senior police officer once gave me an excellent piece of advice. He told me that anyone can manage an organization when things are going well -- it is when things become difficult that true leaders emerge.

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Friday
Apr082016

Panama Papers: 500 Indians, with a dash of Bollywood glamour

Aishwarya Rai Bachchan, Bollywood actress and former Miss WorldA famous Bollywood actor. His daughter in law, a former Miss World. One of India’s top lawyers. Politically connected “industrialists.” For a country with 1.2 billion people, the 500 or so Indian nationals disclosed so far in the Panama Papers are hardly a blip, and few of the names a surprise.

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Tuesday
Apr052016

Panama Papers: Who are the winners now?

Image courtesy of the ICIJIt's not illegal for most people to own anonymous companies. Walt Disney used them to buy land near Orlando for Disney World. He didn't want prices to go crazy with news Mickey Mouse was coming to town.

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Tuesday
Apr052016

Shruti Shah on PBS: Panama Papers show it's too easy for the bad guys (with video)

Shruti Shah, a contributing editor of the FCPA Blog and the vice president for programs and operations at Transparency International-USA, appeared Monday evening on the PBS News Hour.

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Monday
Feb082016

Compliance alert: Do your sales people have too much discretion?

The DOJ's charges against Vincente Garcia, the former SAP regional director and head of SAP's Premier Client Network for Latin America, are filled with advisors, consultants, agents, and channel partners. In the e-mails, they refer to one another as friends and associates, and they talk about their connection with a public official, who at the end of a long transactional road will “owe us a big one.”

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