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Thomas Fox Contributing Editor

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Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

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Entries in Singapore (63)

Tuesday
Mar222016

Singapore man jailed five years in Fat Leonard prosecution

A former executive of a Singapore-based defense contracting firm was sentenced to 63 months in federal prison Friday for his role in defrauding the U.S. Navy of $34 million for ship husbanding services.

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Tuesday
Feb022016

Singapore seizes bank accounts linked to Malaysia sovereign wealth fund

The Singapore Commercial Affairs Department and the Monetary Authority of Singapore said Monday they have seized a "large number" of bank accounts linked to a money laundering investigation involving the Malaysia state investment fund 1MDB.

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Monday
Jan252016

Navy petty officer is first of nine defendants sentenced in Fat Leonard bribe scandal

A U.S. Navy Petty Officer First Class was sentenced to 27 months in prison for accepting cash, electronic gadgets, and travel expenses from a Singapore-based defense contractor in exchange for providing classified U.S. Navy information.

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Monday
Jan042016

Eight stories from 2015 that moved the needle

It was a year of the broken windows enforcement policy, when the SEC and DOJ brought small enforcement actions but no blockbusters. But there was still plenty to talk about in 2015.

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Monday
Dec072015

Singapore charges former U.S. Navy official in ‘Fat Leonard’ bribery scandal

Image courtesy of the U.S. NavyA woman who worked for the United States Navy in Singapore was charged in court there Thursday with taking bribes of cash and hotel stays for passing classified information about ship movements to a company that serviced Navy ships in ports across Asia.

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Wednesday
Aug262015

Andy Spalding answers the call of nature

I have never found a culture that truly endorses straight-up bribery. There may be no culture which actually teaches that a suitcase full of cash privately given to an official in exchange for a benefit to which the payor is not legally entitled is a good thing, one that we should not deter even if we could. 

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Thursday
Aug202015

Singapore private bankers and clients sweat loss of secrecy

Singapore will start automatically sharing information with foreign tax authorities from 2018 to comply with a 51-country agreement to fight tax evasion.

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Tuesday
Jul282015

Compliance officer shortage hurts Singapore banks

Along with New York, London, and Hong Kong, Singapore now ranks as one of the world's most important financial centers. And to protect its new-found status, the tiny Southeast Asia country has cracked down hard on money laundering.

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Tuesday
Jun302015

Former Petrobras exec alleges bribes from Singapore shipbuilders

Petrobras executive Pedro Barusco (Image courtesy of Agência Brasil Fotografias/Flickr)Another week, another fresh round of bribery allegations from Brazil.

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Tuesday
May052015

Singapore sentencing guidelines: At the intersection of public and private graft

Sundaresh Menon, the Chief Justice of SingaporeThe chief justice of Singapore's Supreme Court used a recent case to set out new sentencing guidelines for private bribery, especially when it involves services that have a strong nexus to the public welfare.

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