Search

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

Tuesday
Dec102013

Germany's Bilfinger in $32 million settlement for Nigeria bribes

Mannheim, Germany-based Bilfinger SE, an engineering and services company in the energy sector, agreed to pay a $32 million penalty to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by bribing government officials in Nigeria.

Click to read more ...

Tuesday
Dec102013

Canada-owned mining company under investigation in Romania

Prosecutors in Romania launched a criminal investigation into foreign-controlled Rosia Montana Gold Corporation (RMGC), the company operating the largest open-pit gold mine in Europe. The investigation is focusing on money laundering and tax evasion, according to a report by the Organized Crime and Corruption Reporting Project here.

Click to read more ...

Monday
Dec092013

‘He was, in a word, incorruptible’

From Mandela's Virtue by Travis Kavulla on National Review Online:

Some political heroes go out in a flame of glory. Lincoln. Gandhi. Nelson Mandela grew old, and outlived by more than a decade his momentous achievements. In the last decade, he already had migrated from flesh-and-blood political hero to revered icon of history.

Click to read more ...

Monday
Dec092013

Saipem shuffles execs to enhance anti-corruption compliance

Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.

Click to read more ...

Monday
Dec092013

Neil MacBride: Combating international crime, using a 21st Century playbook

On December 4, the FCPA Blog spoke with Neil MacBride, who served as U.S. Attorney for the Eastern District of Virginia (EDVA) from September 2009 to September 2013 and will be a partner in Davis Polk & Wardell's Washington, D.C. office in April 2014. He told Julie DiMauro about the "rocket docket," the Virginia Financial and Securities Fraud Task Force he created and a few of its memorable cases, and the importance of ethics and business conduct rules in companies.

Click to read more ...

Monday
Dec092013

December 9 is International Anti-Corruption Day

December 9 is the UN's international anti-corruption day.

On October 31, 2003, the General Assembly adopted the United Nations Convention against Corruption and requested that the Secretary-General designate the United Nations Office on Drugs and Crime (UNODC) as secretariat for the Convention’s Conference of States Parties.

Click to read more ...

Friday
Dec062013

China reigning in feared Shuanggui detentions 

The Communist Party is considering scaling back its problematic shuanggui system, a move which will improve its standing among human rights groups. Anti-corruption experts met with the country’s top prosecutors immediately after the Third Plenum meetings earlier this month to discuss reforms to the contentious system.

Click to read more ...

Friday
Dec062013

China Corruption Blotter (December 6, 2013)

Liu Bokun, former chairman of Xinjiang Shenhua Mining Co. Ltd., was sentenced to 20 years in prison for embezzling $1.1 million, misappropriating $4.5 million in public funds and accepting bribes worth $249,278. Liu gave out personal loans using the misappropriated public funds and handed out illegal mining permits to private investors in exchange for bribes. He pled guilty to the charges but has appealed his conviction to higher court. http://www.jcrb.com

Click to read more ...

Thursday
Dec052013

Global Contagion Report: Deutsche Bank AG

Country: Japan

Company Involved: Deutsche Bank AG

Industry: Banking and securities

Individuals: Shigeru Echigo, a director of Deutsche Securities Inc. and a former Mitsui pension executive, Yutaka Tsurisawa

Click to read more ...

Thursday
Dec052013

What does it take to change the world?

Professor Elizabeth Spahn spoke for victims of bribery before most of us had discovered the topic. She has defended compliance as pro-business and condemned bribes for destroying capitalism. More eloquently than anyone else, she has stood for the idea -- once derided and now embraced -- that compliance and enforcement can change the world and help people live better lives.

Click to read more ...

Wednesday
Dec042013

Wal-Mart should lead in ethics, not just compliance

To balance the excitement over recent reports of the DOJ’s tough investigation and a new CEO at Wal-Mart, we could consider what compliance officers are taught by the SCCE: Lawful but awful does not mean everything is OK; it’s a wake up call and a test of the company’s identity.

Click to read more ...

Wednesday
Dec042013

Legal advice privilege survives UK test, with caveats

Undoubtedly, the most helpful decision this year for UK-based white collar crime lawyers was a tax related case in which the Supreme Court refused to extend legal advice privilege “LAP” to other professionals by reference to a legal function test. A copy of the decision is here (in pdf).

Click to read more ...