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
In early March, the House Financial Services Committee released three proposed bills to codify many of the suggested reforms discussed during ongoing conversation among financial agencies, law enforcement, financial...more
3/29/2019
/ AML/CFT ,
Beneficial Owner ,
BSA/AML ,
Financial Crimes ,
Financial Regulatory Reform ,
Financial Services Committee ,
Legislative Agendas ,
Money Laundering ,
Proposed Legislation ,
Reporting Requirements ,
Shell Corporations ,
Transparency ,
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