Saves Lives, Prevents Major Crimes, and Accelerates Voluntary Self -
Disclosures The U.S. Department of Justice (“DoJ”) recently spotlighted its Whistleblower Awards Program and Voluntary Self Disclosure (“VSDs”)...more
10/24/2024
/ CFTC ,
Compliance ,
Corporate Misconduct ,
Department of Justice (DOJ) ,
Equal Employment Opportunity Commission (EEOC) ,
IRS ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Pilot Programs ,
Regulatory Agencies ,
Retaliation ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Self-Disclosure Requirements ,
Third-Party ,
Voluntary Disclosure ,
Whistleblowers
There is a growing acknowledgement that money laundering and terrorist financing is borderless and legal entity-agnostic, just as it is already known that cybercriminals and the means to commit cybercrimes continuously attack...more
5/24/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
Customer Identification Program (CIP) ,
Cyber Crimes ,
Exempt Reporting Advisers (ERAs) ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Hedge Funds ,
Investment Adviser ,
Know Your Customers ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Payment Systems ,
Popular ,
Securities and Exchange Commission (SEC) ,
Terrorism Funding
Companies and their executives can reduce Department of Justice (DoJ), OFAC, and Commerce Department risks (and liability) by understanding and respecting the relationship between economic sanctions, voluntary...more
4/11/2024
/ Compliance ,
Corporate Misconduct ,
Department of Homeland Security (DHS) ,
Economic Sanctions ,
Enforcement ,
Federal Trade Commission (FTC) ,
Fines ,
National Intelligence Agencies ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Remediation ,
Reputational Injury ,
Retaliation ,
Risk Mitigation ,
Sanction Violations ,
Self-Disclosure Requirements ,
U.S. Commerce Department ,
Voluntary Disclosure ,
Whistleblower Protection Policies ,
Whistleblowers
Since December 2021, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have levied almost $3.0 billion in penalties for longstanding failures by 39 broker-dealers, swap dealers,...more
3/7/2024
/ Anti-Money Laundering ,
Banking Sector ,
Bribery ,
Broker-Dealer ,
CFTC ,
Corruption ,
Customer Due Diligence (CDD) ,
Department of Justice (DOJ) ,
Digital Assets ,
Economic Sanctions ,
Electronic Communications ,
Enforcement Actions ,
Ethics ,
Evasion ,
Fraud ,
Investment Adviser ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Policies and Procedures ,
Recordkeeping Requirements ,
Regulatory Standards ,
Securities ,
Securities and Exchange Commission (SEC) ,
Swap Dealers
As the Russia – Ukraine war rages on, one outcome so far is clear: the Western nations remain aligned and united to confront Russian aggression. The West’s synchronized, roll-out of economic and trade sanctions against...more
1/10/2023
/ Bribery ,
CFIUS ,
Compliance ,
Corruption ,
Cyber Crimes ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Financial Institutions ,
Foreign Banks ,
Foreign Corrupt Practices Act (FCPA) ,
Fraud ,
Military Conflict ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management ,
Russia ,
Securities and Exchange Commission (SEC) ,
Ukraine
With the Russian-Ukraine war’s ever-expanding sanctions landscape, the supply chain is even more complex than it already was, and enforcement risk is even higher given the broader array of U.S. federal and international...more
How do you know if your sanctions compliance program (“SCP”) is really working? Can your firm really afford to find out the hard way – violations with major penalties, especially after regulators uncover your management did...more