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Editors

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

Friday
Oct252013

Bo appeal rejected, life sentence upheld

A Chinese court Friday rejected the appeal of former party leader Bo Xilai and upheld his life sentence.

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Thursday
Oct242013

Stryker pays $13.2 million in SEC settlement

The SEC said Thursday that medical device and equipment maker Stryker Corporation will pay $13.2 million to resolve FCPA violations.

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Thursday
Oct242013

This should be easy: In England, what's a bribe?

One of the benefits, apart from the foreign earnings, of  London’s court clogging Russian litigation, has been the collation of principles relating to the English civil law of bribery which can be summarized as follows:

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Thursday
Oct242013

Wal-Mart's latest FCPA disclosure (October 2013)

Here's the full FCPA disclosure from the Form 10Q/A filed by Wal-Mart Stores, Inc. with the SEC on October 21:

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Thursday
Oct242013

BHP Billiton quits India oil and gas sector 

BHP Billiton said it will pull out of nearly all of its India oil and gas projects. The world's biggest mining company didn’t give a reason but local reports cited delays in getting exploration permits.

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Wednesday
Oct232013

Wal-Mart and the FCPA : An open letter to the DOJ and SEC

We considered in a prior post the new spirit of tough enforcement at the DOJ and SEC and the need to seize the opportunity for more advocacy by the compliance profession, in particular to head off a resolution of the Wal-Mart investigation harmful to compliance officers and the public.

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Wednesday
Oct232013

Singapore firm at center of widening Navy bribe scandal

The U.S. government has barred Singapore-based Glenn Defence Marine Asia Ltd. (GDMA) from new contracts following a Navy bribery scandal that named Glenn and its chief executive, Leonard Glenn Francis.

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Tuesday
Oct222013

Diebold in $48 million settlement for public and private overseas bribes

Ohio-based Diebold Inc. agreed Tuesday to pay a criminal fine of $25.2 million to the DOJ and $23 million in disgorgement and prejudgment interest to the SEC to resolve allegations it violated the Foreign Corrupt Practices Act by covering up bribes to bank officials in China, Indonesia and Russia.

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Tuesday
Oct222013

JP Morgan settlement may be decisive moment for Wal-Mart

A new wind may be blowing at the DOJ. Its tentative deal with JP Morgan indicates a willingness to take a tougher attitude on remediation. The DOJ is asking for a big payment, $13 billion, but the really big news is that DOJ reportedly hasn't dropped the criminal investigations and will require the bank to admit wrongdoing.

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Tuesday
Oct222013

Can anyone navigate the India defense blacklist?

India’s emergence as the largest importer of weapons in the world has coincided with well-intentioned efforts to clean up a procurement process with a history of bribery problems.

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Monday
Oct212013

Siemens compliance officer retaliation suit dismissed

A federal lawsuit by the compliance officer for Siemens' healthcare business in China who said he was fired for internally reporting FCPA violations was dismissed Monday. The U.S. District Court in New York said the anti-retaliation provisions of the Dodd-Frank Act don't apply outside the United States.

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Monday
Oct212013

JP Morgan rap sheet is deep and wide

JP Morgan Chase reached a tentative deal with the DOJ this weekend to settle a slew of past transgressions for $13 billion.

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