Business Organization, Criminal Law, Finance & Banking

New Justice Department's FIRREA Cases Against Banks: Holding The Victim Responsible

by Robert J. Anello | Morvillo Abramowitz Grand Iason & Anello P.C.... on 5/16/2013

The government’s ever-evolving response to the United States financial crisis has come full circle, as civil Justice Department Attorneys seek to rely on legislation enacted to protect financial institutions from fraud to sue...more

DOJ and SEC Scrutinize Potential Misuse of Rule 10b5-1 Trading Plans by Corporate Directors Affiliated with Investment Advisers

by Ashley Burden, Stephen Leitzell, Andrew L. Oringer, Adam Wasserman | Dechert LLP on 5/10/2013

Over the past four years, the U.S. Department of Justice (“DOJ”) and U.S. Securities and Exchange Commission (“SEC”) have focused on insider trading involving private funds as one of their key targets in the fight against...more

Corporate Aspects of the UK Financial Services Act 2012

by Sergey Kvitkin, Iain Wright, William Yonge | Morgan Lewis on 4/12/2013

Long-heralded reform of the UK financial services regulation architecture impacts the listed company regime. On 1 April, a new financial regulation architecture became operative in the UK through the Financial...more

AML Enforcement – A New Era Of Compliance

by Michael Volkov on 4/10/2013

Last year was the year of Bank Secrecy, sanctions and anti-Money Laundering enforcement. The HSBC settlement sparked significant controversy over the claim by the Justice Department that HSBC and other banks are “too big to...more

Q: Do You Tell The Central Bank What To Do? A: ‘In Which Country’?

by Thomas Fox on 4/10/2013

Last weekend in the Financial Times (FT) was a report by Tim Burgis of an interview he held over a lunch meeting with the Angolan Isabel dos Santos, who Forbes magazine recently declared “the continent’s first female...more

Is China Getting Serious or Redirecting Responsibility? New guidance on Chinese Anti-Bribery Enforcement

by Thad McBride, Reid Whitten | Sheppard Mullin Richter & Hampton LLP on 2/21/2013

For years, a significant number of Foreign Corrupt Practices Act (FCPA) enforcement actions have focused on or involved the People’s Republic of China (PRC), Chinese subsidiaries, or Chinese officials. It is hard to avoid...more

DOJ Announces Criminal Charges And Penalties For LIBOR Manipulation, Regulators Announce Parallel Civil Enforcement Actions

by BuckleySandler LLP on 2/15/2013

On February 6, U.S. and U.K. authorities announced that a Japanese financial institution and its British bank parent company agreed to pay roughly $612 million to resolve criminal and civil investigations into the firms’ role...more

Significant Amendments Proposed to Strengthen Canada’s Anti-Corruption Regime

by Thomas Fox on 2/7/2013

Ed. Note-this week there was a-buzz from North of the Border where it was announced that Canada was considering amendments to strengthen the Canadian anti-corruption law, the Corruptions of Public Officials Act. I ask John...more

A Status Check On The UK Bribery Act

by Michael Volkov on 2/4/2013

The UK Bribery Act is still on the books – and there is very little enforcement action to report. Instead, we are treated to new personnel, policies and practices surrounding the UK Bribery Act, which so far has not amounted...more

White Collar Practice In 2013: An Old Look For A New Year?

by Robert J. Anello | Morvillo Abramowitz Grand Iason & Anello P.C.... on 1/23/2013

2012 was a big year in the government's pursuit of white collar crime. 2013 – the five year anniversary of the financial crisis – brings new legislators, new regulators, and the possibility that a looming statute of...more

The HSBC AML Settlement - Lessons Learned for the AML Compliance Practitioner

by Thomas Fox on 1/14/2013

I recently wrote about banks behaving badly. Currently, Exhibit A in that list is HSBC. In December, 2012, the UK banking giant HSBC agreed to pay a fine of $1.92 billion for its transgressions involving money laundering....more

Remote Tippee Issues Hang over SEC/Wells Fargo Insider Trading Case

by David Smyth | Brooks Pierce on 12/6/2012

The SEC brought a big insider trading case against a number of individuals in the Western District of North Carolina yesterday. The complaint alleges $11 million in illicit profits. The complaint calls it an insider...more

Accounting Fraud Cases Are Dead. Long Live Accounting Fraud Cases.

by Morvillo Abramowitz Grand Iason & Anello P.C.... on 11/14/2012

For defense lawyers of a certain vintage, the early 2000s were a veritable golden age for accounting fraud cases. The marquee cases and investigations of the day – Enron, Computer Associates, Xerox, Adelphia, WorldCom, and...more

Financial Institutions: How Much More Will You Have to Spend on Anti-Money Laundering Programs to Avoid Criminal Prosecution?

by Morvillo Abramowitz Grand Iason & Anello P.C.... on 10/24/2012

The price of doing financial business in the United States has just gone up. The Department of Justice is taking a new tack in its efforts to track and prosecute money laundering that occurs through financial institutions....more

UK SFO Revises Guidance on Self-Reporting

by BuckleySandler LLP on 10/16/2012

On October 9, the United Kingdom Serious Fraud Office (SFO) issued policy statements and frequently-asked-questions (FAQs) with regard to: (1) facilitation payments, (2) hospitality and gifts, and (3) self-reporting. ...more

Why Status Matters

by King & Spalding on 10/10/2012

The UK Court of Appeal recently decided that a law firm partner was not a “worker” of the firm. The partner could not, therefore, bring a whistleblowing claim against the firm after she was dismissed from the partnership...more

The Girl Who Played with SEC and FINRA Fire: SEC and FINRA Disciplinary Actions Against In-House Counsel and Chief Compliance...

by Sutherland Asbill & Brennan LLP on 10/8/2012

Originally published in Practical Compliance & Risk Management For The Securities Industry • September–October 2012. “He was sitting in a car with the window rolled down. She ran to the car, poured gasoline through the...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

Business Organization › Criminal Law › Finance & Banking

New Justice Department's FIRREA Cases Against Banks: Holding The Victim Responsible

DOJ and SEC Scrutinize Potential Misuse of Rule 10b5-1 Trading Plans by Corporate Directors Affiliated with Investment Advisers

Corporate Aspects of the UK Financial Services Act 2012

AML Enforcement – A New Era Of Compliance

Q: Do You Tell The Central Bank What To Do? A: ‘In Which Country’?

Is China Getting Serious or Redirecting Responsibility? New guidance on Chinese Anti-Bribery Enforcement

DOJ Announces Criminal Charges And Penalties For LIBOR Manipulation, Regulators Announce Parallel Civil Enforcement Actions

Significant Amendments Proposed to Strengthen Canada’s Anti-Corruption Regime

A Status Check On The UK Bribery Act

White Collar Practice In 2013: An Old Look For A New Year?

The HSBC AML Settlement - Lessons Learned for the AML Compliance Practitioner

Remote Tippee Issues Hang over SEC/Wells Fargo Insider Trading Case

Accounting Fraud Cases Are Dead. Long Live Accounting Fraud Cases.

Financial Institutions: How Much More Will You Have to Spend on Anti-Money Laundering Programs to Avoid Criminal Prosecution?

UK SFO Revises Guidance on Self-Reporting

Why Status Matters

The Girl Who Played with SEC and FINRA Fire: SEC and FINRA Disciplinary Actions Against In-House Counsel and Chief Compliance...

Wasendorf Pleads Guilty

Update on Corruption in Brazil

Eleventh Circuit Case Will Test DOJ’s Broad Reading of FCPA

Foreign Corrupt Practices Act (FCPA) Guide to Preventing Improper Practices in Foreign Sales

Do You Have an Insider Trading Compliance Policy?

What To Do When Law Enforcement Knocks On The Door Of Your Portfolio Company With A Search Warrant

Practical Law Multi-Jurisdictional Guide 2012/13: Corporate Crime, Fraud and Investigations: Japan

New FinCEN Director Announced

Expand Your Reach