Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Michael Scher
Senior Editor

Elizabeth K. Spahn Contributing Editor

Julie DiMauro Contributing Editor

Eric Carlson 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 

FCPA Blog Daily News

Entries in World Bank (88)


Leonard McCarthy of the World Bank: Spending development dollars with integrity

Image courtesy of the World Bank GroupWithin the network of investigators and prosecutors from over 130 countries known as the World Bank International Corruption Hunters Alliance, we feel optimistic about all that is happening to support our mission of ensuring that every development dollar is spent with integrity. 

Click to read more ...


World Bank: What evidence goes into a sanctions decision?

Image courtesy of the World BankThe prior post described the World Bank's procedures for handling allegations of fraud in Bank-financed projects. This post looks at the types of evidence and mitigating factors that can be part of a decision to impose sanctions.

Click to read more ...


Practice note: How does the World Bank impose sanctions? (Part One)

Image courtesy of the World Bank GroupSince 2001, the World Bank has sanctioned more than 400 firms and individuals. Let's look at how that happens.

Click to read more ...


Compliance alert: World Bank adopts more flexible and transparent procurement reforms

The World Bank’s board of executive directors Tuesday approved "a once-in-a-generation" reform package for procurement in projects financed by the Bank.

Click to read more ...


107 groups urge World Bank to end corporate anonymity in public procurement

Transparency International-USA along with Transparency International, Global Witness, the Open Contracting Partnership, Oxfam, Save the Children and 101 other organizations sent a letter to the World Bank Monday asking the Bank to collect and disclose the identity of all legal entity bidders on Bank-financed contracts.

Click to read more ...


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.

Click to read more ...


The BOTA Foundation explained (Part Ten): Lessons from BOTA

BOTA was the first foundation established to restitute assets associated with an FCPA prosecution to victims of corruption. What were its key lessons that could be relevant to future foundations established for the same purpose?  

Click to read more ...


The BOTA Foundation explained (Part Nine): How effective was BOTA?

The BOTA Foundation surpassed most of the expectations that its founders had for it. BOTA was able to efficiently and effectively return more than $115 million (the original $84 million associated with corruption plus accrued interest frozen Pictet and Cie Swiss bank account) to poor children, youth and their families. 

Click to read more ...


The BOTA Foundation explained (Part Seven): BOTA's Conditional Cash Transfer Program

The background of BOTA Foundation was explored in previous posts. Starting with this post I would like to explain what BOTA actually did in its five and a half years of operation.

Click to read more ...


The BOTA Foundation explained (Part Six): How was BOTA set up?

BOTA was the first foundation ever established as a result of an FCPA case, and the question explored in this post is how it was set up.

Click to read more ...