In December 2023, President Biden signed the new Foreign Extortion Prevention Act (FEPA), closing a gap in the Foreign Corrupt Practices Act (FCPA) by criminalizing the “demand side” of foreign bribery. While the FCPA...more
Just one day after Deputy Attorney General Lisa Monaco announced the U.S. Department of Justice’s (“DOJ’s” or “Department’s”) whistleblower pilot program on March 8, 2024, the DOJ’s Criminal Division highlighted its plans to...more
On December 14, 2023, with bipartisan support, Congress passed the Foreign Extortion Prevention Act (“FEPA”), making it a federal crime for any foreign government official to demand, receive, or agree to receive a bribe from...more
On September 29, 2023, Albemarle Corporation (“Albemarle”), a global chemical manufacturer, reached an agreement with the U.S. Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) to resolve...more
At the Global Investigations Review Annual Meeting in New York on September 21, 2023, Principal Associate Deputy Attorney General Marshall Miller (“Miller”) delivered remarks that provide an invaluable glimpse into the...more
9/26/2023
/ Acquisitions ,
Corporate Counsel ,
Corporate Crimes ,
Corporate Social Responsibility ,
Department of Justice (DOJ) ,
Enforcement Priorities ,
Mergers ,
National Security ,
Self-Disclosure Requirements ,
Transparency ,
Voluntary Disclosure ,
White Collar Crimes
Federal cannabis reform is once again on the move in Congress. On Friday, April 1, 2022, the U.S. House of Representative passed the latest iteration of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. This...more
Hope soared with the possibility of federal cannabis reform in 2021. And for good reason – the induction of a new, more liberal administration, rapid state-level legalization, broad support by Americans, and growing...more
2/11/2022
/ ATF ,
Banks ,
Cannabis Act ,
Cannabis Products ,
Decriminalization of Marijuana ,
Financial Institutions ,
Financial Regulatory Reform ,
Food and Drug Administration (FDA) ,
Legislative Agendas ,
Marijuana ,
Pending Legislation ,
Proposed Legislation ,
SAFE Act ,
TSRA ,
TTB
It is undeniable that, not only is the cannabis industry here to stay, but it is growing exponentially. To date, 47 states, 4 U.S. territories, and the District of Columbia have legalized cannabis in some form – whether they...more
9/17/2021
/ Banking Regulators ,
Banking Sector ,
Congressional Investigations & Hearings ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Financial Institutions ,
Financial Services Industry ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Proposed Legislation ,
SAFE
There is more than $2 trillion on the line and the multi-trillion-dollar question is: Who’s minding the store? On March 27, 2020, in response to the financial set-back created by the novel COVID-19 pandemic, President Trump...more
COVID-19 (a.k.a. the Coronavirus) is upon us and it looks like it is here to stay, at least for the foreseeable future. In January, the Department of Health and Human Services declared the Coronavirus outbreak to constitute...more
In the aftermath of the Securities and Exchange Commission’s (“SEC”) latest Report of Investigation (“Report”) regarding cyberattacks via “spoofed or manipulated electronic communications,” companies should prepare to adjust...more
11/29/2018
/ Corporate Counsel ,
Cyber Attacks ,
Cybersecurity ,
Data Protection ,
Data Security ,
Enforcement Actions ,
Hackers ,
Internal Controls ,
Investigations ,
Phishing Scams ,
Popular ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Spoofing ,
Wire Fraud
Along with the anti-bribery provisions, the U.S. Foreign Corrupt Practices Act (“FCPA”) contains accounting provisions that apply to publicly traded companies. These provisions require that companies maintain and adhere to...more