Receiving a document subpoena from the DOJ, the SEC, or any other US regulatory authority is a stressful and unpleasant situation. Things may seem even more stressful and complicated if you are a foreign national or company...more
12/13/2023
/ Attorney-Client Privilege ,
Compliance ,
Confidential Information ,
Cooperation ,
Criminal Liability ,
Defense Strategies ,
Department of Justice (DOJ) ,
Document Retention Policies ,
Evidence ,
Foreign Entities ,
Foreign Nationals ,
Government Investigations ,
Israel ,
Regulatory Authority ,
Securities and Exchange Commission (SEC) ,
Subpoenas ,
White Collar Crimes
Last September, US Deputy Attorney General Lisa Monaco issued a memorandum instructing the various departments in the Department of Justice to adopt a lenient enforcement policy toward corporations. The aim of this policy is...more
5/22/2023
/ Bribery ,
Compliance ,
Cooperation ,
Corporate Misconduct ,
Corruption ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Policy Memorandums ,
Voluntary Disclosure ,
White Collar Crimes
In recent weeks, numerous news articles have reported on the arrests of Israeli citizens resulting from foreign investigations conducted abroad. In one instance, more than 20 employees of a Tel Aviv based company engaging in...more
11/22/2021
/ Criminal Prosecution ,
Cross-Border ,
Enforcement ,
Extradition ,
Forex ,
Fraud ,
Investors ,
Israel ,
Jury Trial ,
Jury Verdicts ,
Securities Fraud
With the outbreak of the COVID-19 pandemic, the United States government enacted the Coronavirus Aid, Relief and Economic Security (CARES) Act. The volume of assistance, totalling USD 2.8 trillion, provided financial aid to...more
8/12/2021
/ Biden Administration ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Financial Fraud ,
Foreign Entities ,
Fraud ,
Indictments ,
Israel ,
Paycheck Protection Program (PPP) ,
White Collar Crimes
The Israel Securities Authority has published an updated legal staff position paper on securities fraud. In it, the ISA seeks to detail indicators which the ISA believes point to suspicions of securities fraud that justify...more
This has opened the door to an era of massive discovery of thousands different kinds of documents of between the parties (Word documents, PDFs, Excel spreadsheets, emails, photos, and audio files), which was uncommon in the...more
For the first time, the Israel Securities Authority has published Sentencing Guidelines for Administrative Procedures which contain the considerations guiding its determination of sanctions for individual violators and...more
Enforcement authorities have attempted in recent years to increase their war on bribery and corruption. We therefore have seen a number of elected officials investigated for such offenses, viewed as some of the most serious...more
Recently, United States federal courts have been more frequently approving the extra-territorial collection of testimony for use in criminal trials to be held in the United States. While the collection of such testimony for...more
Last November, a Connecticut jury convicted Mr. Hoskins on six counts of bribing a foreign public official under the Foreign Corrupt Practices Act (FCPA), and on three counts of money laundering.
This is an important red...more
1/22/2020
/ Alstom ,
Bribery ,
Criminal Convictions ,
Criminal Prosecution ,
Enforcement Authority ,
Extraterritoriality Rules ,
Foreign Corporations ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Nationals ,
Foreign Subsidiaries ,
France ,
Jurisdiction ,
Money Laundering ,
Public Officials ,
Subsidiaries
The United States has been the global leader in the enforcement of anti-bribery and anti-corruption laws for several decades. The Foreign Corrupt Practices Act (FCPA) was enacted in the United States in 1977 in order to...more
11/7/2019
/ Accounting Standards ,
Anti-Bribery ,
Anti-Corruption ,
Chief Compliance Officers ,
Compliance ,
Corporate Culture ,
Corporate Governance ,
Cross-Border ,
Department of Justice (DOJ) ,
Ethics ,
Foreign Corrupt Practices Act (FCPA) ,
Internal Controls ,
Morgan Stanley ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC)