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Entries in Tanzania (26)

Tuesday
Dec082015

Did the UK's first DPA comply with the UN Convention Against Bribery?

The judicial approval required for UK Deferred Prosecution Agreements raises the issue as to whether and to what extent the Courts must be satisfied that such settlements comply with the United Nations Convention Against Corruption.

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Monday
Nov302015

SFO: In first DPA, ICBC Standard Bank fined $33 million for failing to prevent Tanzania bribes

ICBC Standard Bank agreed to pay about $33 million in penalties and enter into a deferred prosecution agreement for failing to prevent overseas corruption, the UK Serious Fraud Office said Monday.

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Monday
Sep282015

Kenya arrests two Chinese construction company executives for bribery 

Two senior managers of the China Roads and Bridge Construction Company were arrested in Kenya for allegedly giving bribes to highway authority officials to cover up the use of overloaded trucks.

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Monday
Jul272015

Tanzania bank is ‘shocked’ after ‘unexplained’ FinCEN ban

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Thursday imposed “special measure five” against Tanzania-based FBME Bank Ltd, formerly known as the Federal Bank of the Middle East.

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Monday
Mar302015

SFO fined £180,000 for disclosing confidential BAE witness data

The UK data privacy watchdog fined the Serious Fraud Office £180,000 ($266,000) Monday for mistakenly disclosing evidence in the BAE investigation about 64 confidential witnesses in the case.

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Thursday
Mar262015

China's number one export: Graft?

Chinese President Xi Jinping and his Sri Lankan counterpart Mahinda Rajapaksa witness the signing of the Colombo Port City Project in September 2014 (Image courtesy of CCC)Sri Lanka this month became the latest of at least five countries to shut down huge China-backed infrastructure and telecoms projects tainted by allegations of corruption.

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Tuesday
Oct282014

Layne Christensen pays $5.1 million in SEC settlement

Layne Christensen Company, a Texas-based water management, construction, and drilling firm, paid just over $5 million Monday to resolve FCPA charges brought by the SEC for bribes in a half dozen Africa countries to reduce taxes and speed up customs inspections and work permits.

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Thursday
Sep042014

SFO considers more arrests in Rolls Royce case

The director of the UK Serious Fraud Office said the agency is close to making more arrests in its bribery investigation of jet engine maker Rolls-Royce Holdings Plc.

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Thursday
Jul172014

Now it‘s Tanzania: More Africa graft trouble for China biz

China President Xi Jinping and Tanzania President Jakaya Mrishro inDar es Salaam in March 2013The former head of the Tanzania Ports Authority and his deputy were charged Monday with fraudulently awarding a bloated contract worth more than $523 million to a Chinese company to help expand a city’s main port.

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Wednesday
Jul092014

Tanzanians want help tracing $300 million in Swiss accounts

Tanzania has asked for help to find out if money moving into bank accounts in Switzerland was stolen from the government through fraud and corruption.

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Friday
Jun202014

Report: NYSE mining company paid $400,000 to Tanzania officials

African Barrick Gold, Tanzania's largest gold producer, paid more than $400,000 in cash to government officials and consultants there responsible for valuing mining land.

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Thursday
Jun052014

UK Supreme Court rules law partner can be 'protected whistleblower'

Whether a member of a limited liability partnership (LLP) can be a protected whistleblower under the Employment Rights Act 1996 ERA was recently considered by the UK Supreme Court.

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