New policy seeks to reduce the burden of navigating anti-corruption investigations and enforcement actions by multiple authorities.
The new DOJ policy seeks to increase coordination on FCPA and related anti-corruption...more
Smaller banks and money services businesses should expand their AML compliance to mitigate human trafficking corporate liability.
Aside from the Bank Secrecy Act, federal law creates corporate liability for financial...more
5/2/2018
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
BSA/AML ,
Corporate Liability ,
Corporate Social Responsibility ,
Enforcement Actions ,
Financial Institutions ,
FinCEN ,
Money Services Business ,
Policies and Procedures ,
Suspicious Activity Reports (SARs) ,
VTVPA
Increased international cooperation, more aggressive investigations and greater focus on individual accountability.
In light of the U.S. Supreme Court’s decision in Kokesh v. SEC, the SEC is expected to prioritize quicker,...more
Earlier this week, the U.S. Supreme Court resolved a circuit split among the Tenth and Eleventh Circuit Courts of Appeals by holding that because disgorgement in a Securities and Exchange Commission (SEC) enforcement action...more
6/9/2017
/ Disgorgement ,
Enforcement Actions ,
Financial Services Industry ,
Foreign Corrupt Practices Act (FCPA) ,
Investment Management ,
Kokesh v SEC ,
Misappropriation ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Statute of Limitations ,
White Collar Crimes
As the United Kingdom’s Competition and Markets Authority (CMA), Italy’s Autorità Garante della Concorrenza e del Mercato and France’s Autorité de la Concurrence are wrapping up their prosecutions of Europe’s top modeling...more
4/19/2017
/ Antitrust Division ,
Antitrust Violations ,
Cartels ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Fashion Industry ,
Federal Trade Commission (FTC) ,
Modeling ,
Price-Fixing ,
UK ,
UK Competition and Markets Authority (CMA)
Since the September 11, 2001, terrorist attacks, U.S. law enforcement and financial regulatory agencies have focused on disrupting the use of the financial system by terrorist groups, criminal organizations and tax evaders to...more
On September 9, 2015, Deputy Attorney General Sally Quillian Yates introduced a new policy aimed at aggressively prosecuting individuals for white-collar crimes. A product of a DOJ working group that started under former...more
On Wednesday, April 29, 2015, Lumber Liquidators announced in its most recent 10Q that the United States Department of Justice plans to pursue criminal charges surrounding allegations the company illegally imported wood in...more