Approximately two weeks ago, British, French and Swiss law enforcement authorities announced the creation of a new international alliance. With their joint Founding Statement (“Statement”), the three countries established the...more
President Trump has used tariffs as a significant point of geopolitical leverage since the beginning of his second term. Indeed, his administration dubbed April 2, 2025 “Liberation Day” in honor of a sweeping set of tariffs...more
4/9/2025
/ China ,
Economic Sanctions ,
Energy Sector ,
Executive Orders ,
Human Rights ,
Imports ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Tariffs ,
Trump Administration ,
U.S. Treasury ,
Venezuela
On January 10, 2025, in a final action to, among other things, deter Russian aggression on the international stage, the US Department of the Treasury enacted sweeping new sanctions on the Russian energy sector. Specifically,...more
1/17/2025
/ Biden Administration ,
Blocking Sanctions ,
Economic Sanctions ,
Energy Sector ,
General Licenses ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Petroleum ,
Popular ,
Renewable Energy ,
Russia ,
Sanctions ,
SDN List ,
U.S. Treasury
In recent months, the United Kingdom’s sanctions regime has received noteworthy updates with implications for a range of entities operating both domestically and abroad. The changes are housed in an update to the Russia...more
On September 23, 2024, Principal Deputy Assistant Attorney General Nicole Argentieri announced that the US Department of Justice (DOJ) had issued updated guidance to federal prosecutors in its “Evaluation of Corporate...more
10/4/2024
/ Artificial Intelligence ,
Clawbacks ,
Compensation ,
Compliance ,
Corporate Misconduct ,
Department of Justice (DOJ) ,
Due Diligence ,
Emerging Technologies ,
Foreign Corrupt Practices Act (FCPA) ,
Fraud ,
Good Faith ,
Incentives ,
Mergers ,
Risk Assessment ,
Risk Management ,
Self-Disclosure Requirements ,
Voluntary Disclosure ,
Whistleblower Awards ,
Whistleblower Hotlines ,
Whistleblowers
On 27 August 2024, a Swiss commodity trader entered into a settlement agreement for $48 million with the US Commodity Futures Trading Commission (“CFTC”) in relation to alleged market manipulation charges. This case, rooted...more
On May 10, 2024, Romy Andrianarisoa, former Chief of Staff to the President of Madagascar, was convicted for soliciting bribes from Gemfields Group Ltd (Gemfields), a UK-based mining company specializing in rubies and...more
7/5/2024
/ Anti-Bribery ,
Anti-Corruption ,
Bribery ,
Corporate Misconduct ,
Corruption ,
Enforcement Actions ,
Investigations ,
National Crime Agency (NCA) ,
Reporting Requirements ,
Shareholders ,
UK ,
White Collar Crimes
Greenwashing, or the use of green ‘claims’ to improve a business’ or product’s environmental credentials with consumers, has come under significant scrutiny in recent years. Both the Advertising Standards Authority and the...more
Last week, the Office of Foreign Assets Control (OFAC) announced an interim final rule which amends the recordkeeping and reporting requirements relating to the various economic sanctions programs it enforces. Notably, the...more
As we wrote earlier this month, the Department of Justice (DOJ) made significant news at the recent American Bar Association White Collar Conference. But the Department didn’t stop at announcing its pilot whistleblower...more
3/28/2024
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
American Bar Association (ABA) ,
Data Protection ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
FEPA ,
Foreign Corrupt Practices Act (FCPA) ,
National Security ,
Penalties ,
Recidivism ,
Whistleblowers ,
White Collar Crimes
In recent years, the Department of Justice (DOJ) has rolled out a significant and increasing number of carrots and sticks aimed at deterring and punishing white collar crime. Speaking at the American Bar Association White...more
3/13/2024
/ CFTC ,
Department of Justice (DOJ) ,
Disclosure Requirements ,
Employee Misconduct ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Incentives ,
IRS ,
Qui Tam ,
Securities and Exchange Commission (SEC) ,
Self-Disclosure Requirements ,
Voluntary Disclosure ,
Whistleblowers ,
White Collar Crimes
On 21 December 2023, Mr Justice Waksman handed down his judgment in the second trial of the Eurasian Natural Resources Corporation (ENRC) saga. The judgment, along with its earlier companions, is extraordinary in many ways...more
2/19/2024
/ Bribery ,
Criminal Conspiracy ,
Criminal Investigations ,
Democratic Republic of Congo ,
Disclosure Requirements ,
Final Judgment ,
Foreign Corrupt Practices Act (FCPA) ,
Investigations ,
Jurisdiction ,
Kazakhstan ,
Serious Fraud Office (SFO) ,
UK ,
Willful Misconduct ,
Zambia