As the world prepares for the change of administration in January, current government officials and industry experts convened at the New York Forum on Economic Sanctions to reflect on enforcement trends in 2024, and to...more
12/10/2024
/ Anti-Money Laundering ,
Banks ,
Bureau of Industry and Security (BIS) ,
Cryptocurrency ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
National Security ,
Nuclear Weapons ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Self-Disclosure Requirements ,
Technology ,
Voluntary Disclosure
The past few months have seen numerous high-profile enforcement actions highlighting an increasing trend, what Deputy Attorney General Lisa Monaco called “the biggest shift in corporate criminal enforcement that I’ve seen...more
12/5/2023
/ Acquisitions ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Corporate Crimes ,
Corporate Misconduct ,
Cryptocurrency ,
Cyber Crimes ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Intellectual Property Protection ,
Investigations ,
Mergers ,
National Security ,
Recidivism ,
Remediation ,
Sanction Violations ,
Self-Disclosure Requirements ,
Terrorist Financing ,
Voluntary Disclosure ,
Whistleblowers
At a sanctions conference held in Washington D.C. on May 5, government officials, practitioners and corporations highlighted the government’s broadening focus on anti-corruption enforcement, across more traditionally siloed...more
5/17/2022
/ Anti-Bribery ,
Anti-Corruption ,
Anti-Money Laundering ,
Arms Export Control Act ,
Cryptocurrency ,
Cybersecurity ,
Economic Sanctions ,
Enforcement ,
Environmental Social & Governance (ESG) ,
Foreign Corrupt Practices Act (FCPA) ,
International Emergency Economic Powers Act (IEEPA) ,
ITAR ,
New Regulations ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Russia ,
Ukraine
“Know your customer” is a bed rock principle of anti-money laundering and sanctions compliance programs, but it’s not always easy, particularly as more sophisticated and aggressive players have taken the field in recent...more
3/16/2022
/ Anti-Money Laundering ,
Biden Administration ,
Compliance ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Executive Orders ,
FinTech ,
Know Your Customers ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Shell Corporations ,
U.S. Commerce Department ,
U.S. Treasury ,
Ukraine
In keeping with the United States government’s expanding scrutiny of cryptocurrency markets, the DOJ recently announced the creation of a National Cryptocurrency Enforcement Team (the “NCET”). The NCET endeavors to add a...more
10/27/2021
/ Anti-Money Laundering ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Popular ,
Risk Assessment ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Virtual Currency
On June 3, 2021, the White House issued a memorandum announcing anti-corruption as a core national security interest. The memorandum explains that, “[c]orruption threatens United States national security, economic equity,...more
6/10/2021
/ Anti-Bribery ,
Anti-Corruption ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Biden Administration ,
China ,
Corporate Transparency Act ,
Cybersecurity ,
Economic Sanctions ,
Enforcement ,
Enforcement Actions ,
Export Controls ,
Foreign Agents Registration Act (FARA) ,
Foreign Corrupt Practices Act (FCPA) ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Securities and Exchange Commission (SEC)