Money Laundering

DOJ Turns FCPA Spotlight on Financial Services Sector as Enforcement Efforts in Latin America Continue

by Demme Doufekias, Adam S. Hoffinger, Robert A. Salerno | Morrison & Foerster LLP on 5/16/2013

Last week, the U.S. Department of Justice (DOJ) announced the indictment of two employees of a U.S. broker-dealer, Direct Access Partners, and a senior official in Venezuela’s state economic development bank, Banco de...more

FCPA Prosecutions Against Individuals? Check Out April

by Thomas Fox on 4/30/2013

One of the oft-heard criticisms of the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) is the lack of individual prosecutions under the Foreign Corrupt Practices Act (FCPA). That may well be on its...more

To Market to Market: Busted

by Raiser & Kenniff, PC on 4/16/2013

In April 2012, the U.S. Drug Enforcement Administration (DEA) arrested eight people on federal charges of drug trafficking and money laundering. The arrests ended a two-year investigation into a clandestine drug ring with a...more

Banking & Financial Services E-Note - March 28, 2013

by Jason Beckham, Rachel Cash, Benjamin Coulter, David Elliott, Jacquelyn Hutzell, Joseph King, Mignon Lunsford, Zachary Miller, Kristin Peters, Ed Snow, Adam Sonenshine, Frank Springfield, more +Jordan Teague | Burr & Forman on 4/3/2013

In This Issue: - Global Banking Group Calls for Several Rates to Replace Libor - U.S. Applies Money-Laundering Rules to "Virtual Currencies" - SEC Says Big Banks Don't Have to Hold Shareholder Break-Up Votes -...more

Financial Services Quarterly Report - First Quarter 2013: Developments in the Luxembourg Financial Sector

by Jean-Louis Frognet, Antonios Nezeritis, Laura Rossi | Dechert LLP on 3/29/2013

The Commission de surveillance du secteur financier (the “CSSF”), the Luxembourg supervisory authority, issued a circular on the authorization and organization of Luxembourg UCITS management companies and self-managed SICAVs....more

Queen Shoals Ponzi Scheme Defendant Pleads Guilty

by Fuerst Ittleman David & Joseph, PL on 3/14/2013

A United States District Court Judge for the Western District of North Carolina sentenced Gary D. Martin, of St. Augustine, Florida, to a 10-year prison sentence for his participation in a 30 million dollar commodities and...more

Financial Services Legislative And Regulatory Update -- March 11‚ 2013

by Abby Matousek, Jason M. Rosenstock | Mintz Levin - Public Finance on 3/11/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - As the first full week of the Federal government’s sequestration comes to a...more

Marine Transportation and Anti-Money Laundering

by Thomas Fox on 3/6/2013

My recent article on the marine transportation industry and the Foreign Corrupt Practices Act (FCPA) generated some discussion ranging wider than simply the port agent issue regarding interaction with foreign government...more

New Zealand Court Hands U.S. a Victory in Kim Dotcom Piracy Case

by Jeff Ifrah on 3/4/2013

A year ago, we wrote about the indictment in the Eastern District of Virginia of the executives and founders of Megaupload, one of the leading file-hosting sites on the Web. The charges were copyright infringement through the...more

Legislative Update Report No. 2013-04 -- Feb 22, 2013

by Osler, Hoskin & Harcourt LLP on 2/26/2013

In This Article: Federal Government; Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland; Northwest Territories; Nova Scotia; Nunavut; Ontario; Prince Edward Island; Québec/Quebec; Saskatchewan; and Yukon....more

Amendments to Anti-Money Laundering Regulations

by Kashif Zaman | Osler, Hoskin & Harcourt LLP on 2/14/2013

On February 13, 2013, the Government of Canada published in the Canada Gazette certain amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (the Regulations). These amendments will come...more

Stricter Anti-Money Laundering Controls on Tap for EU Banks and Financial Companies

by Raymond Sweigart | Pillsbury Winthrop Shaw Pittman LLP on 2/13/2013

Financial businesses operating in the European Union will need to consider implementing stricter anti-money-laundering and anti-terrorism-financing controls or face a potential fine of up to 10 percent of their annual...more

European Commission: Anti-Money Laundering

by Orrick - Structured Finance Group on 2/12/2013

On February 5, the European Commission published two legislative proposals designed to reinforce the European Union’s existing rules on anti-money laundering and fund transfers....more

European Commission: Anti-Money Laundering

by Orrick - Structured Finance Group on 2/12/2013

On February 5, the European Commission published two legislative proposals designed to reinforce the European Union’s existing rules on anti-money laundering and fund transfers....more

Short Wins - The Seventh Circuit Goes Strong, But The Ninth Circuit Goes Interesting; Resentencing, Discovery Violations, And...

by Matthew G. Kaiser | The Kaiser Law Firm PLLC on 2/4/2013

It's a good week in the circuits for folks accused of federal crimes. The Seventh Circuit has been active (though sadly without Judge Posner). United States v. Diaz-Rios looks interesting - it's a remand for resentencing...more

A Compilation of Enforcement and Non-Enforcement Actions - January 31, 2013

by Michael G. Dana, Peter D. Fetzer, Terry D. Nelson | Foley & Lardner LLP on 1/31/2013

In This Issue: Non-Enforcement Matters - FINRA Announces Regulatory and Examination Priorities for 2013 - SEC Previous Hedge Fund Enforcement Trends for 2013 Enforcement Matters - Another...more

To Prove Mail Fraud, The Government Has To Show You Used The Mail

by Matthew G. Kaiser | The Kaiser Law Firm PLLC on 1/31/2013

Our brave new world of internet technology is encouraging innovation of all kinds. Innovation of new ways to interact with each other, new ways to learn, new ways to work, new ways to embezzle and create records of one's...more

Cloud Computing Law: Balancing Privacy and Investigation

by Field Law on 1/24/2013

Megaupload Ltd. is alleged to have disseminated copyright protected movies and music and US prosecutors now have the task of gaining access to the company’s servers in a bid to prove their case....more

Corruption Charges Brought Against Former Employees of HBOS’s High Risk Lending Unit

by Orrick - Structured Finance Group on 1/15/2013

On January 8, the Crown Prosecution Service issued a press release stating that eight people had been charged in connection with Operation Hornet, an investigation by Thames Valley Police into allegations of fraudulent...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

Banks Take It On The Chin

by Michael Volkov on 1/4/2013

The end of the year was very tough for global banks. For months significant enforcement actions were expected in the ongoing LIBOR manipulation probe and anti-money laundering and sanctions violations probes....more

U.S. Law Enforcement Authorities And Regulators Resolve Significant Money Laundering And Sanctions Investigations

by BuckleySandler LLP on 12/21/2012

On December 11, a major international bank holding company announced agreements with U.S. law enforcement authorities and federal bank regulators to end investigations into alleged inadequate compliance with anti-money...more

Grassley: HSBC Should Face Criminal Charges [Video]

by Bloomberg Law on 12/19/2012

Dec. 19 (Bloomberg Law) -- United States Senator Charles Grassley (R - Iowa) and Bloomberg Contributing Editor Neil Barofsky talk with Bloomberg Law's Lee Pacchia about HSBC's recent settlement with US authorities over claims...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - December 14, 2012

by BuckleySandler LLP on 12/17/2012

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - E-COMMERCE - PRIVACY/DATA SECURITY - CRIMINAL...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - December 9, 2012

by BuckleySandler LLP on 12/12/2012

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - E-COMMERCE - PRIVACY/DATA SECURITY -...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

DOJ Turns FCPA Spotlight on Financial Services Sector as Enforcement Efforts in Latin America Continue

FCPA Prosecutions Against Individuals? Check Out April

To Market to Market: Busted

Banking & Financial Services E-Note - March 28, 2013

Financial Services Quarterly Report - First Quarter 2013: Developments in the Luxembourg Financial Sector

Queen Shoals Ponzi Scheme Defendant Pleads Guilty

Financial Services Legislative And Regulatory Update -- March 11‚ 2013

Marine Transportation and Anti-Money Laundering

New Zealand Court Hands U.S. a Victory in Kim Dotcom Piracy Case

Legislative Update Report No. 2013-04 -- Feb 22, 2013

Amendments to Anti-Money Laundering Regulations

Stricter Anti-Money Laundering Controls on Tap for EU Banks and Financial Companies

European Commission: Anti-Money Laundering

European Commission: Anti-Money Laundering

Short Wins - The Seventh Circuit Goes Strong, But The Ninth Circuit Goes Interesting; Resentencing, Discovery Violations, And...

A Compilation of Enforcement and Non-Enforcement Actions - January 31, 2013

To Prove Mail Fraud, The Government Has To Show You Used The Mail

Cloud Computing Law: Balancing Privacy and Investigation

Corruption Charges Brought Against Former Employees of HBOS’s High Risk Lending Unit

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

Banks Take It On The Chin

U.S. Law Enforcement Authorities And Regulators Resolve Significant Money Laundering And Sanctions Investigations

Grassley: HSBC Should Face Criminal Charges [Video]

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - December 14, 2012

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - December 9, 2012

Grassley: HSBC Should Face Criminal Charges [Video]

Expand Your Reach