On June 17, 2020, the Financial Conduct Authority (“FCA”), the non-governmental financial regulator in the United Kingdom, issued a Final Notice to Commerzbank London (the “Bank”), a branch of the large German business bank,...more
Last week, a grand jury in the Southern District of Florida indicted two former Venezuelan officials, charging them with seven counts of money laundering and one count of money-laundering conspiracy. The charges relate to...more
7/3/2019
/ Bribery ,
Corruption ,
Criminal Conspiracy ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Official ,
Kickbacks ,
Money Laundering ,
Venezuela ,
White Collar Crimes
Two days after North Korea’s successful long-range ballistic missile test, the U.S. District Court for the District of Columbia unsealed a memorandum opinion which granted the Department of Justice “damming” warrants to seize...more
This post discusses individual liability in AML/BSA enforcement, which is an area of increasing attention. Indeed, according to public statements by the government, individual liability is the focus of enhanced scrutiny...more
5/19/2017
/ Banking Sector ,
Broker-Dealer ,
BSA/AML ,
Department of Justice (DOJ) ,
Derivative Suit ,
FinCEN ,
Fraud ,
Individual Accountability ,
Money Laundering ,
Money Transmitter ,
Moneygram ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Suspicious Activity Reports (SARs) ,
Western Union ,
White Collar Crimes ,
Yates Memorandum