Enforcement authorities throughout the Americas continued investigations of fraud, corruption, and other misconduct across the region. Below are some of the highlights of the last quarter. ...more
5/28/2021
/ Brazil ,
Bribery ,
Corruption ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Markets ,
Foreign Corrupt Practices Act (FCPA) ,
Latin America ,
Mexico ,
Money Laundering ,
Popular ,
Venezuela ,
White Collar Crimes ,
Wiretapping
As we wrote over the summer, Congress has passed a bill that will require certain corporations and limited liability companies (“LLCs”) to report information on their beneficial owners to the U.S. Treasury Department’s...more
12/23/2020
/ Anti-Money Laundering ,
Civil Monetary Penalty ,
Currency Transaction Reports (CTR) ,
Customer Due Diligence (CDD) ,
Department of Justice (DOJ) ,
FinCEN ,
Internal Revenue Code (IRC) ,
Limited Liability Company (LLC) ,
NDAA ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Securities Exchange Act ,
Shell Corporations ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury ,
Whistleblowers
On September 6, 2018, the Conference of Western Attorneys General (“CWAG”), a bipartisan group of attorneys general from a majority of U.S. states, issued a Cybersecurity Safe Harbor Policy Working Paper (the “Paper”)...more
The EU General Data Protection Regulation (“GDPR”) came into force on May 25, 2018. With so much recent focus on preparing for and meeting this deadline, there is no doubt that companies will have breathed a sigh of relief to...more
n October 13, 2017, finance ministers and central bank governors of the Group of Seven (the “G-7”) released a report entitled Fundamental Elements for Effective Assessment of Cybersecurity for the Financial Sector. The G-7...more
On April 19, 2017, professional services company Accenture released the results of its survey of security executives in the banking sector relating to cybersecurity strategy and priorities. The survey results and...more
Continuing the trend of recent years, cybersecurity has remained at the top of the regulatory agenda for several federal and state agencies. For financial institutions, keeping track of the dizzying array of proposed...more