In this issue:
- NFA Amends CPO and CTA Quarterly Reporting Requirements
- SDNY Imposes Second Highest Penalty Under Foreign Corrupt Practices Act
- Grand Jury Indicts Swiss Lawyer and Banker in Tax Evasion Scheme
- FDIC and OCC Propose Limits on Deposit Advance Loans
- Excerpt from: SDNY Imposes Second Highest Penalty Under Foreign Corrupt Practices Act
The US District Court for the Southern District of New York recently ordered Uriel Sharef, a former Siemens AG board member and German citizen accused of bribing Argentine government officials, to pay a $275,000 civil penalty pursuant to a settlement agreement with the Securities and Exchange Commission. This is the second-highest civil penalty imposed on an individual under the Foreign Corrupt Practices Act (FCPA).
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Topics: CPO, CTA, Deposit Advances, FCPA, FDIC, Grand Juries, NFA, OCC, Reporting Requirements, Tax Evasion
Published In: General Business Updates, Criminal Law Updates, Finance & Banking Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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