Court Rejects Attempt by Halkbank to Enter “Special Appearance” Contesting Jurisdiction -
Turkish state-owned bank Halkbank’s efforts to avoid appearing in U.S. federal court for arraignment were squashed recently in a...more
12/24/2019
/ Arraignment ,
Bank Fraud ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Financial Institutions ,
Financial Transactions ,
International Emergency Economic Powers Act (IEEPA) ,
Money Laundering ,
Personal Jurisdiction ,
Sanction Violations ,
Summons ,
White Collar Crimes ,
Willful Misconduct
A Textbook Case of Alleged Money Laundering?
On November 18, 2019, the U.S. Attorney for the Southern District of New York announced the arrest and unsealed the indictment of Bruce Bagley – a 73-year-old college professor...more
11/26/2019
/ Bribery ,
Corruption ,
Criminal Conspiracy ,
Criminal Investigations ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Embezzlement ,
Enforcement Actions ,
Foreign Bank Accounts ,
Indictments ,
Money Laundering ,
Public Projects ,
Public Works ,
Swiss Banks ,
Venezuela ,
White Collar Crimes
Indictment Alleges that Bank and its Officers Used Front Companies to Evade Prohibitions on Iran’s Access to the U.S. Financial System -
The U.S. Attorney for the Southern District of New York has charged Turkish state-owned...more
10/28/2019
/ Bank Fraud ,
Corruption ,
Cross-Border Transactions ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Financial Transactions ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
Iran Sanctions ,
Money Laundering ,
Money Services Business ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Sanction Violations ,
Turkey ,
United Arab Emirates (UAE) ,
White Collar Crimes
The European Union (“EU”) recently has grappled with a series of massive money laundering scandals and strategized about how to more effectively combat international money laundering and corruption. Generally, the EU has...more
9/18/2019
/ AML/CFT ,
AMLD V ,
Anti-Corruption ,
Bank Fraud ,
Beneficial Owner ,
BSA/AML ,
Corruption ,
Criminal Conspiracy ,
Cross-Border Transactions ,
Danske Bank ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
EU Directive ,
FATF ,
Financial Crimes ,
Financial Institutions ,
Financial Transactions ,
Foreign Corrupt Practices Act (FCPA) ,
Guilty Pleas ,
Huawei ,
Individual Accountability ,
Internal Investigations ,
Money Laundering ,
Panama Papers ,
Policies and Procedures ,
Tax Evasion ,
Terrorist Financing Regulations ,
White Collar Crimes
Last week, the Financial Action Task Force (“FATF”) issued a report concluding that Mexico needs to “step up efforts in pursuing money launderers.” ...more
1/9/2018
/ AML/CFT ,
Anti-Money Laundering ,
Banking Sector ,
Beneficial Owner ,
Corruption ,
FATF ,
Information Sharing ,
Know Your Customers ,
Mexico ,
Money Laundering ,
Risk Management ,
Suspicious Activity Reports (SARs) ,
White Collar Crimes