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FCPA Blog Daily News

Entries in Denmark (19)


There's no perfect way to measure corruption. So what?

Jonathan Rusch seems to indicate in his post that we disagree about data. I think we disagree mostly about the best attitude for decision-makers. Rusch indicates that I somehow disparage data, almost as if I were disparaging how someone earns a living, but to paraphrase Don Corleone, I too work with data. In fact, I’m a big fan of information.

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Danish coatings maker resolves global bribe case

Hempel A/S said Monday it paid about $33.4 million to enforcement agencies in Denmark and Germany to resolve allegations of bribery.

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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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Martin Kenney: Big AML scandal points back to UK’s Companies House

Danske Bank appears to have been used to launder $8.3 billion between 2007 and 2015 on behalf of individuals and entities located in Estonia. The bank’s punishment so far? A "stern ticking off," as Bloomberg put it, and a request by Denmark's banking regulator to hold more capital.

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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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Even clean Nordics have continuing enforcement risk

In the 2016 Transparency International Corruption Perceptions Index released last week, Nordic countries again received the most favorable rankings. Yet, for the second year in a row, Transparency International’s website draws a negative example from the Nordics, citing a scandal involving members of the Danish parliament to illustrate corruption in European countries. 

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Analogic pays $14.8 million to resolve FCPA offenses

Massachusetts-based medical technology company Analogic Corporation and a foreign subsidiary and that unit's former CFO settled FCPA violations related to $20 million in improper payments in Russia and other countries.

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Morten Bennedsen: Denmark may be bribe free, but power pays off for local pols

For three years in a row, Denmark has ranked best on Transparency International's Corruption Perceptions Index. If any country is free from preferential dealings between public servants and private enterprise, one would expect it to be Denmark.

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Analogic: DOJ and SEC want $15 million for FCPA settlement

Image courtesy of Analogic Corp.Analogic Corporation said in a securities filing Wednesday the SEC and DOJ made separate settlement proposals to end an ongoing FCPA investigation that would include total payments of about $15 million.

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Will it fly? Analogic proposes $1.6 million FCPA settlement to SEC

Imaging company Analogic Corp. said Wednesday it offered the Securities and Exchange Commission $1.6 million to settle a bribery probe involving the company's Danish subsidiary.

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We're serious: It's an exciting time for tax enforcement

Admittedly, we're surprised to write that headline several weeks after “tax day” in the United States. However, a common theme emerged during a recent World Bank Group program on tax evasion: there's currently an unprecedented level of enthusiasm, political will and momentum in support of combating global tax evasion and avoidance.

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EU adopts broad compliance disclosure rule

The European Parliament passed a new law on April 15 to force about 6,000 EU companies to disclose information about environmental compliance, human rights, bribery and corruption.

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