In February 2017, we blogged about a whistleblower complaint filed against Bank of the Internet (“BofI”) by its former internal auditor. The blog post addressed what the whistleblower believed was BofI’s wrongdoing in...more
7/3/2018
/ AML/CFT ,
BSA/AML ,
Criminal Investigations ,
Financial Institutions ,
Loss Causation ,
Misrepresentation ,
Money Laundering ,
Putative Class Actions ,
Securities Violations ,
Shareholder Litigation ,
Whistleblowers
On June 12, 2018, FinCEN issued an “Advisory on Human Rights Abuses Enabled by Corrupt Senior Foreign Political Figures and their Financial Facilitators” to highlight the connection between corrupt senior foreign political...more
6/19/2018
/ Corruption ,
Exploitation ,
Financial Institutions ,
Financial Transactions ,
FinCEN ,
Foreign Official ,
Human Rights ,
Money Laundering ,
Offshore Companies ,
PEP ,
Shell Corporations ,
Suspicious Activity Reports (SARs) ,
White Collar Crimes
Last week, Transparency International (“TI”) released an updated assessment of the “beneficial ownership legal frameworks” in the G20 countries, entitled “G20 Leaders or Laggers?” ...more