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Richard Bistrong Contributing Editor 

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FCPA Blog Daily News

Entries in Russia (247)

Friday
Nov302018

Due Diligence in Russia: A public register of bribe payers

Due diligence in Russia has never been simple. Two recent developments make it more complicated. One makes business more transparent. Sort of. The other makes it less transparent. Foreign companies working in Russia will place themselves at peril if they don’t pay close attention to both.

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Monday
Nov262018

MTS reserves $840 million for FCPA settlement

Alexey Kornya, MTS president and CEORussia’s biggest mobile phone company said it reserved $840 million to resolve a possible FCPA enforcement action by the DOJ and SEC.

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Monday
Nov192018

Concerns raised as Russian official poised to lead Interpol

Major General Alexander ProkopchukThe British press reported over the weekend that a Russian interior ministry official could become the next leader of Interpol, despite concerns that the Putin regime has abused the agency to target political opponents.

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Monday
Nov122018

Pa consultant loses appeal against five-year FCPA sentence

Dmitrij Harder (Image courtesy of Twitter @dmitrijharder)The Pennsylvania-based consultant who bribed an officer at the European Bank for Reconstruction and Development for loan approvals lost his appeal against a 60-month prison sentence for violating the Foreign Corrupt Practices Act.

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Thursday
Nov012018

In Russia, new rules exempt companies from bribery liability

On August 14, 2018, new amendments to the Russian Code on Administrative Offenses (Administrative Code) related to bribery by legal entities went into effect. The new provisions establish conditions exempting companies from liability for bribery if those companies assist authorities in uncovering and investigating misconduct.

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Monday
Sep242018

Danske Bank chief departs amid ‘biggest scandal’ in Europe

Former Danske Bank CEO Thomas BorgenThe CEO of Denmark's biggest bank resigned last week after an internal investigation found $235 billion in suspicious transactions at the bank's branch in Estonia.

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Tuesday
Jul172018

Bill Browder: Magnitsky Act rattles Putin

Magnitsky Act architect Bill BrowderDuring the Helsinki summit Monday, Russian President Vladimir Putin offered American investigators a chance to interview 12 indicted Russian intelligence agents in exchange for Russian access to Bill Browder.

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Monday
Jun252018

Compliance pros are rock stars, yes they are

Only yesterday they were pimply FCPA nerds. But a strange thing happened. They morphed into the cool kids.

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Tuesday
Jun192018

Due diligence on the oligarchs: Predicting OFAC’s next move

Oleg DeripaskaWith the proliferation of OFAC designations of Russian businesspeople, trying to predict whether or not someone will be designated as a Specially Designated National (SDN) has become an important part of third party due diligence on Russian business partners. 

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Thursday
May312018

Spanish police release Bill Browder after red notice detention

From Bill Browder's twitter account.A British critic of Russian president Vladimir Putin was detained by Spanish police Wednesday on an international arrest warrant that Russia requested through Interpol.

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Tuesday
Apr242018

Firestone and Butenko: A Russian ‘Pilot Program’? 

Russian President Putin recently submitted a new anti-corruption bill to the Russian parliament.

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Tuesday
Apr172018

Alec Puig: There are good things happening at some Russian companies

A Transparency International-Russia report published in January assessed the efficacy of the anti-corruption programs of over 200 Russian companies, who together generate more than 70 percent of Russia’s national income. 

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