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Financial Crime
Editor's Picks
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US to resume enforcement of foreign bribery law, Justice Department says
The US Justice Department will resume enforcement of a corporate anti-corruption law after issuing guidance to ensure that cases limit burdens on American companies... (more story)
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US appeals court questions suggest CFPB to be left in tatters
US appeals court judges fired skeptical questions at the union lawyer challenging the Trump administration’s mass layoffs at the US Consumer Financial Protection Bu... (more story)
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New UK plea deal guidance won’t change much but gives companies more certainty
New guidance to help UK companies self-report white-collar crime to escape prosecution won't lead to any sudden flood of confessions to the Serious Fraud Office, bu... (more story)
Insight View More
Toronto Dominion Bank has been placed under observation by Norway’s sovereign wealth fund for four years, due to the corruption and financial crime risks it poses. The bank was fined a record $3 billion by US ... (more story)
UK companies will be provided with training and guidance by the Serious Fraud Office as part of its “prevent” strategy, which the prosecutor hopes will help push the country’s economic growth. The new approach... (more story)
The sister of a former analyst at global asset manager Janus Henderson executed trades without knowing that her brother was feeding her with inside information, a London jury was told today. A barrister repres... (more story)
The US Justice Department will resume enforcement of a corporate anti-corruption law after issuing guidance to ensure that cases limit burdens on American companies and coincide with national interests. The gu... (more story)
The dialing back of US enforcement of foreign bribery cases will have a negative impact on compliance globally and has already affected a joint corruption investigation, the head of Norway’s public prosecutor'... (more story)
Powers to force tech platforms to act over scam promotions would be "beneficial," the head of the UK’s financial markets watchdog told lawmakers today, amid concerns that some, such as Meta Platforms, are fail... (more story)
A financial technology entrepreneur who founded the cryptocurrency payments firm Evita has pleaded not guilty to US charges that he laundered more than $500 million on behalf of sanctioned Russian banks and ot... (more story)
A former Florida banker pleaded guilty in the US to his role in a bribery scheme involving contracts to provide the Honduran national police with uniforms and other goods. The case had cleared a review this sp... (more story)
Comment View More
A San Francisco venture capital firm turned to lawyers in 2018 for an opinion on whether US sanctions imposed on a Russian billionaire would apply to its investments. The advice GVA Capital received was incorr... (more story)
The UK fraud prosecutor appears to have ditched its aversion to assisting companies worried about falling foul of the law to ensure their compliance processes are up to scratch. A senior Serious Fraud Office o... (more story)
Reports of the death of US anti-bribery enforcement were greatly exaggerated, the Trump administration signaled this week, but observers told MLex that the proof will come when prosecutors start bringing new cases.
Banks and payments firms could see a UK move to further toughen defenses against Authorized Push Payment fraud, a senior regulator said, possibly including expanded "confirmation of payee" functionality to inc... (more story)
The corporate culture at Goldman Sachs cast a shadow over today’s sentencing of former partner Tim Leissner over his involvement in a fraud scheme at the Malaysian sovereign wealth fund 1MDB. Leissner has blam... (more story)
US appeals court judges fired skeptical questions at the union lawyer challenging the Trump administration’s mass layoffs at the US Consumer Financial Protection Bureau – suggesting that the beleaguered agency... (more story)
The US will continue to prioritize enforcement of a law prohibiting bribery of foreign officials to win business, despite a pause ordered earlier this year by President Donald Trump, according to a Justice Department memo.
UK government plans to consolidate sanctions lists and speed up enforcement of civil-law breaches will be welcomed as aims, but the new plan fails to grasp the nettle of patchy enforcement. The latest look at ... (more story)