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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
Sep062019

Why do foreign officials demand bribes?

Tackling demand-side bribery, as the proposed Foreign Extortion Prevention Act aims to do, is complex. On the supply side, we know in most cases why business people pay bribes. In the words of the FCPA, it's to obtain or retain business or secure an improper advantage. But why do officials demand bribes?

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Thursday
Sep052019

China’s Social Credit System applies to companies and impacts compliance

Numerous stories have appeared in the English-language press about China’s social credit system (SCS). Most of these stories focus on SCS’s system of “scoring” individuals in China. But SCS also applies to companies operating in China and, as it develops, may impact how companies approach anti-corruption compliance.

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Wednesday
Sep042019

Inter-American Development Bank debars Odebrecht units for massive bribery

The Inter-American Development Bank (IDB) announced Wednesday the six-year debarment of more than 20 subsidiaries of Odebrecht S.A. for bribing public officials in connection with two IDB-financed projects.

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Wednesday
Sep042019

Resource Alert: Ranking AML/CFT risks around the world

Just because a country has a law -- or a company has a compliance system, for that matter -- it doesn't automatically mean it works or is put to work. And so it is with countries’ anti-money laundering and counter financing of terrorism (AML/CFT) systems, in which this year’s Basel AML Index has recorded a spectacular lack of progress.

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Tuesday
Sep032019

Texas woman admits FCPA conspiracy in Africa adoption scam

A woman who helped arrange adoptions for an Ohio-based agency pleaded guilty last week to bribing court officials in Uganda and defrauding adoptive parents and the U.S. State Department.

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Friday
Aug302019

SEC awards whistleblower $1.8 million for ‘stellar information’

The Securities and Exchange Commission awarded more than $1.8 million to a whistleblower who provided critically important information and assistance to an enforcement action involving overseas misconduct. 

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Thursday
Aug292019

Juniper Networks pays SEC $11.7 million to settle FCPA violations

Juniper Networks paid the SEC $11.7 million Thursday to settle FCPA offenses related to its sales practices in Russia and China. 

 

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Thursday
Aug292019

French Enforcement: No sanctions in landmark Sapin II action

On July 4, the French Anti-Corruption Agency (AFA) issued its first decision on whether a company should be sanctioned for an insufficient corruption prevention program, pursuant to the landmark 2016 Law Sapin II (article 17). As per the law, the decision was made by a “Sanctions Commission” set up within the AFA but independent from the AFA Director.

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Wednesday
Aug282019

Audit firm RSM charged with violating independence rules

The U.S. unit of global accounting firm RSM International was charged Tuesday with violating the SEC's auditor independence rules on at least 100 audit reports for 15 or more audit clients.

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Tuesday
Aug272019

No easy solutions to the scourge of demand-side bribery

Imagine your house is on fire. In the front of the house, you have a fire department working tirelessly to put out the fire with water. In the back, someone is spraying your house with gasoline.*

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Monday
Aug262019

FBI recognizes efficacy of Cayman Islands’ exchange of information system

There have been several developments in recent weeks that have struck damaging blows to those who state that open public registers of Ultimate Beneficial Owners (UBOs) are the only answer to global corruption and tax evasion.

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Thursday
Aug222019

Deutsche Bank pays SEC $16 million to settle ‘referral hiring’ FCPA violations 

Deutsche Bank paid the SEC $16 million Thursday to settle FCPA offenses related to its hiring of relatives of public officials in China and Russia. 

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