Incorporating in the Seychelles but Allegedly Operating in the U.S. Spells Trouble for Company and its Founders -
The Bitcoin Mercantile Exchange, or BitMEX, is a large and well-known online trading platform dealing in...more
10/13/2020
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Bribery ,
BSA/AML ,
CFTC ,
Commodity Exchange Act (CEA) ,
Corporate Counsel ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Financial Institutions ,
Indictments ,
Know Your Customers ,
Registration Requirement ,
Suspicious Activity Reports (SARs) ,
Trading Platforms
Second of Two Posts on Evolving Issues Regarding Real Estate and Money Laundering -
In our last post, we blogged on a major regulatory tool to combat the use of real estate as a potential vehicle for money laundering: the...more
8/28/2020
/ Beneficial Owner ,
Bribery ,
Corruption ,
Department of Justice (DOJ) ,
Extraterritoriality Rules ,
Financial Institutions ,
FinCEN ,
Fine Art ,
Foreign Investment ,
Geographic Targeting Order ,
Law Enforcement ,
Luxury Goods ,
Money Laundering ,
Real Estate Investments ,
Shell Corporations
The District of Connecticut recently vacated a defendant’s convictions at trial for violating the Foreign Corrupt Practices Act (“FCPA”) — but declined to similarly vacate his related money laundering convictions. ...more
3/16/2020
/ Alstom ,
Bribery ,
Corruption ,
Criminal Convictions ,
Criminal Prosecution ,
Financial Crimes ,
Foreign Corrupt Practices Act (FCPA) ,
Indonesia ,
Money Laundering ,
Motion to Vacate ,
Vacated ,
White Collar Crimes
On Friday, the Department of Justice (“DOJ”) filed a civil forfeiture complaint in the Southern District of Texas seeking recovery of approximately $144 million in assets that allegedly represent the proceeds of foreign...more
7/19/2017
/ Bribery ,
Civil Forfeiture ,
Corruption ,
Department of Justice (DOJ) ,
Energy Sector ,
Extraterritoriality Rules ,
Government Officials ,
Money Laundering ,
Nigeria ,
Oil & Gas ,
Real Estate Market ,
White Collar Crimes