We are here today to announce the largest-ever criminal prosecution involving intentional pollution from ships.  The case involves a $40 million settlement with Princess Cruise Lines, Ltd., involving a total of five ships that did business in as many as 25 U.S. districts and ports. Ten million of the total penalty has been designated for organizational community service to pay for environmental projects to benefit the maritime environment.  This is an extremely important prosecution and a terrific result for the American people and for our oceans.
Good afternoon, everyone, and thank you for that warm welcome.  I am so grateful to be here today.  I also want to thank Lieutenant General [Robert] Caslen and Brigadier General [Diana] Holland for their tremendous leadership here at West Point, and for their gracious invitation to address the Cow Class of the Corps of Cadets.  And I want to acknowledge my colleague, Principal Deputy Associate Attorney General [Bill] Baer, who is here with me today.  Bill does a tremendous job of leading the Justice Department’s Servicemembers and Veterans Initiative, which is our most important program to secure the rights of our men and women in uniform.
Princess Cruise Lines Ltd. (Princess) has agreed to plead guilty to seven felony charges stemming from its deliberate pollution of the seas and intentional acts to cover it up.  Princess will pay a $40 million penalty– the largest-ever criminal penalty involving deliberate vessel pollution – and plead guilty to charges related to illegal dumping of oil contaminated waste from the Caribbean Princess cruise ship.  The plea agreement was announced today by Assistant Attorney General John C. Cruden for the Department of Justice’s Environment and Natural Resources Division and U.S. Attorney Wifredo A. Ferrer for the Southern District of Florida in Miami, Florida.
The Department of Justice and the U.S. Environmental Protection Agency (EPA) today announced a settlement with Slawson Exploration Company Inc. resolving alleged Clean Air Act violations stemming from the company’s oil and gas production activities in North Dakota, including on the Fort Berthold Indian Reservation.  The settlement resolves claims that Slawson failed to adequately design, operate and maintain vapor control systems on its storage tanks at its approximately 170 oil and natural gas well pads in North Dakota, resulting in emissions of volatile organic compounds (VOCs).  VOCs are a key component in the formation of smog or ground-level ozone, a pollutant that irritates the lungs, exacerbates diseases such as asthma and can increase susceptibility to respiratory illnesses, such as pneumonia and bronchitis.
Thank you Robert for that kind introduction and for your leadership and dedication as CEO of Financial Industry Regulatory Authority (FINRA).  And thank you to the Stanford Center on Longevity and the FINRA Investor Education Foundation, for hosting this conference and for the great work that you do.  It is an honor to join with the many people in this audience who dedicate their lives to combatting financial fraud and protecting elderly Americans.  This is a noble and enduring effort.   
It’s great to be here today with so many people involved in the fight against international corruption. The diversity of this crowd – which includes folks from the public and private sector, from the United States and abroad, and from many different industries – demonstrates both the wide scope and the deep impact of our anti-corruption effort.


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