Clik here to view.
Deputy AG Outlines Financial Crimes Enforcement Approach, Compliance...
On November 18, at an American Bar Association/American Bankers Association conference on the Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Deputy Attorney General (Deputy AG) James Cole challenged...
View ArticleClik here to view.
New York AG Announces Chief Of New Financial Crimes Bureau
On January 17, New York Attorney General (AG) Eric Schneiderman announced that Gary Fishman will lead a new Criminal Enforcement and Financial Crimes Bureau. The bureau, which expands the Attorney...
View ArticleClik here to view.
Federal Prosecutors Unseal Charges Against Bitcoin Exchange Company
On January 27, the U.S. Attorney for the Southern District of New York announced the unsealing of criminal charges against an underground Bitcoin exchanger and the CEO of a Bitcoin exchange company...
View ArticleClik here to view.
SDNY U.S. Attorney Details BSA/AML Enforcement Plans
On January 27, during a speech to certified AML compliance specialists, the U.S. Attorney for the Southern District of New York, Preet Bharara, stressed BSA/AML enforcement as a top priority for his...
View ArticleClik here to view.
SEC Chairman Sets 2014 Agenda, Promises Vigorous Enforcement
On January 27, SEC Chairman Mary Jo White outlined in remarks to the 41st Annual Securities Regulation Institute her agency’s 2014 agenda, promising “incredibly active enforcement” across “the entire...
View ArticleClik here to view.
DOJ OIG Report Critical Of Mortgage Fraud Enforcement Programs
On March 13, the DOJ Office of Inspector General (OIG) issued a report on its audit of the DOJ’s efforts between 2009 and 2011 to pursue alleged mortgage fraud. Of particular note, the report reveals...
View ArticleClik here to view.
Congressional Democrats Want Meeting With Attorney General On Mortgage Fraud...
On March 17, Senator Elizabeth Warren (D-MA) and Representatives Elijah Cummings (D-MD) and Maxine Waters (D-CA) sent a letter requesting a meeting with Attorney General Eric Holder to review the...
View ArticleClik here to view.
Japanese Trading Company Pleads Guilty In DOJ FCPA Enforcement Action
On March 19, the DOJ announced that Marubeni Corporation, a Japanese trading company, agreed to plead guilty to violating the FCPA by participating in a seven-year scheme to bribe high-ranking...
View ArticleClik here to view.
DOJ Opinion Release Discusses FCPA Risk Related To Investment Bank’s Buyout...
Recently, the DOJ issued its first opinion release of 2014 regarding application of the FCPA. In this instance, an investment bank and securities issuer who was a majority shareholder of a foreign...
View ArticleClik here to view.
Debt Settlement Firm Pleads Guilty In CFPB’s First Criminal Referral
On April 8 the U.S. Attorney for the Southern District of New York announced that a debt settlement company and its owner pled guilty to fraud charges, resolving the first criminal case referred to the...
View ArticleClik here to view.
Insurance Company Resolves Apparent Cuba Sanctions Violations
On May 8, OFAC released enforcement information regarding “apparent violations” of the Cuban Assets Control Regulations by Canadian subsidiaries of a U.S. insurance company. The U.S. company...
View ArticleClik here to view.
11th Circuit First To Define “Instrumentality” Under FCPA
On May 16, the U.S. Court of Appeals for the Eleventh Circuit became the first circuit court to define “instrumentality” under the FCPA. U.S. v. Esquenazi, No. 11-15331 (11th Cir. May 16, 2014). The...
View ArticleClik here to view.
Swiss Bank Pleads Guilty In Alleged Tax Evasion Conspiracy
On May 19, the DOJ announced that a Swiss bank pleaded guilty and entered into agreements with federal and state regulators to resolve a multi-year investigation into the bank’s alleged conspiracy to...
View ArticleClik here to view.
Mortgage Company Resolves HAMP-Related Criminal Allegations
On July 3, the DOJ announced the resolution of a multi-agency criminal investigation into the way a large mortgage company administered the federal Home Affordable Modification Program (HAMP)....
View ArticleClik here to view.
Federal, State Authorities Obtain Another Major RMBS Settlement
On July 14, the DOJ, the FDIC, and state authorities in California, Delaware, Illinois, Massachusetts, and New York, announced a $7 billion settlement of federal and state RMBS civil claims against a...
View ArticleClik here to view.
House Oversight Committee Seeks DOJ Documents On RMBS Settlements
On July 24, House Oversight Committee Chairman Darrell Issa (R-CA) sent a letter to Attorney General Holder raising questions about the DOJ’s “inclination to enter into settlement agreements with...
View ArticleClik here to view.
New York Federal Reserve Bank Official Questions FCPA’s “Facilitating...
On July 23, Thomas Baxter, General Counsel for the New York Federal Reserve Bank, in public remarks at a risk management conference, questioned the FCPA’s “exception for ‘facilitating or expediting...
View ArticleClik here to view.
FinCrimes Webinar Recap: Dealing with PEPs – AML & Corruption Risks
BuckleySandler hosted a webinar, Dealing with PEPs: AML & Corruption Risks, on December 18, 2014 as part of its ongoing FinCrimes Webinar Series. Panelists included Mary Butler, Deputy Chief,...
View ArticleClik here to view.
FinCrimes Webinar Series Recap: Individual Liability – FinCrimes...
BuckleySandler hosted a webinar, Individual Liability: Financial Crimes Professionals in the Spotlight, on January 22, 2015 as part of its ongoing FinCrimes Webinar Series. Panelists included Polly...
View ArticleClik here to view.
FinCrimes Webinar Series Recap: Conducting an Effective Financial...
BuckleySandler hosted a webinar, Conducting an Effective Financial Crimes-Related Internal Investigation, on April 23, 2015 as part of their ongoing FinCrimes Webinar Series. Panelists included John...
View Article
