Brinks Global Services USA (“BGS USA”), a global leader in secure logistics, found itself at the center of a significant regulatory investigation due to its failure to meet anti-money laundering (“AML”) obligations....more
Although the scope of federal antitrust enforcement under the second Trump administration remains uncertain, the Procurement Collusion Strike Force (PCSF) is expected to remain active. The PCSF, which was started by the first...more
2/12/2025
/ Antitrust Division ,
Antitrust Provisions ,
Antitrust Violations ,
Bribery ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Federal Contractors ,
Federal Procurement Systems ,
Federal Trade Commission (FTC) ,
Monopolization ,
Price-Fixing ,
Procurement Guidelines ,
Public Procurement Policies ,
Sherman Act ,
Trump Administration
In a closely watched and complicated case, Van Loon et al. v. Dep’t of the Treasury et al., the U.S. Court of Appeals for the Fifth Circuit ruled that the Office of Foreign Assets Control (“OFAC”) cannot sanction Tornado...more
12/6/2024
/ Blockchain ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Indictments ,
International Emergency Economic Powers Act (IEEPA) ,
Money Laundering ,
Money Transmitter ,
Office of Foreign Assets Control (OFAC) ,
Open Source Software ,
SDN List ,
Smart Contracts ,
U.S. Treasury ,
Virtual Currency
On June 20, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a supplemental advisory to alert U.S. financial institutions about emerging trends in the illicit fentanyl supply chain. The supplemental advisory...more
7/3/2024
/ Bank Secrecy Act ,
BSA/AML ,
Department of Justice (DOJ) ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Illegal Drugs ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Prescription Drugs ,
Significant Transnational Criminal Organization ,
Supply Chain
Summary -
The Department of Justice (DOJ) has created the International Corporate Anti-Bribery initiative (ICAB), which aims to strengthen the United States’ global efforts in combating corruption through enhanced...more
12/6/2023
/ Anti-Bribery ,
Anti-Corruption ,
Anti-Money Laundering ,
Bribery ,
Corporate Crimes ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
FCPA Corporate Enforcement Policy (CEP) ,
Financial Crimes ,
Foreign Corrupt Practices Act (FCPA) ,
Fraud ,
Money Laundering ,
White Collar Crimes
Summary -
Deputy Attorney General Lisa O. Monaco unveiled Wednesday, Oct. 4, the Department of Justice’s (DOJ) new safe harbor policy for voluntary self-disclosures (VSD) arising from mergers and acquisitions (Safe Harbor...more
Complex Civil and Criminal Cases Converge -
On August 17, 2023, Judge Robert Pitman of the federal district court for the Western District of Texas issued an Order granting summary judgment for the U.S. Treasury Department...more
8/30/2023
/ Administrative Procedure Act ,
Decentralized Autonomous Organization (DAO) ,
Department of Justice (DOJ) ,
Digital Assets ,
Economic Sanctions ,
Fifth Amendment ,
FinCEN ,
First Amendment ,
Free Speech ,
International Emergency Economic Powers Act (IEEPA) ,
Money Laundering ,
Money Transmitter ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Takings Clause ,
U.S. Treasury ,
Virtual Currency
Court Rejects Halkbank’s Claim That the Foreign Sovereign Immunities Act Shields the Bank From Prosecution -
A motion to dismiss an indictment accusing Turkey’s majority state-owned Halkbank of money laundering, bank...more
10/20/2020
/ Commercial Activity Exception ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Extraterritoriality Rules ,
Financial Institutions ,
Foreign Sovereign Immunities Act of 1976 (FSIA) ,
Indictments ,
International Emergency Economic Powers Act (IEEPA) ,
Iran Sanctions ,
Legislative History ,
Money Laundering ,
Personal Jurisdiction ,
Sovereign Immunity ,
State-Owned Enterprises ,
U.S. Treasury