News & Analysis as of

Criminal Investigations Financial Crimes Criminal Prosecution

White & Case LLP

Interpol's first Silver Notice: Increasing global law enforcement cooperation to facilitate international asset recoveries

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Previously, where a country needed assistance from law enforcement in another jurisdiction to investigate and prosecute criminal offences, it would have to go through the notoriously slow and often fruitless process of...more

WilmerHale

‘One eye across the Atlantic’ - The UK SFO Director’s Maiden Speech and Recent Visits to the United States Underscore the...

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The Director of the UK Serious Fraud Office (SFO), Nick Ephgrave QPM, delivered his maiden public speech on February, 13, 2024, closely followed by visits to key financial centres in the United States to meet with...more

Ballard Spahr LLP

Criminal Case Round-Up: Recent Prosecutions Involving Financial Institution Officers

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The Department of Justice (“DOJ”) has been very active in the Bank Secrecy Act (“BSA”) / Anti-Money Laundering (“AML”) space, as reflected by a recent series of individual prosecutions and corporate non-prosecution agreements...more

WilmerHale

New SFO Pre-Investigation Powers Come into Force

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On 15 January 2024, legislation came into force that enhances the Serious Fraud Office’s (SFO) compulsory information-gathering powers and streamlines the investigative process whilst imposing fresh obligations on companies...more

Ballard Spahr LLP

DOJ Bolsters International Cooperation to Combat Corruption

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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

Oberheiden P.C.

AML Enforcement

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Federal law enforcement takes money laundering and other suspicious transactions extremely seriously. Unfortunately, this does not mean that legal scrutiny is confined to the criminal actors and organizations that launder...more

White & Case LLP

The Framework for Cooperation between the European Public Prosecutor's Office and Non-EU Third Countries

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The European Public Prosecutor’s Office ("EPPO") is the European Union's ("EU") supranational prosecutorial body that launched its operations on 1 June 2021. The EPPO is charged with investigating and prosecuting economic...more

White & Case LLP

The Complementary Roles of the European Public Prosecutor's Office and the European Anti-Fraud Office

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In June 2021, the European Public Prosecutor's Office ("EPPO"), a body charged with investigating and prosecuting economic crimes against the financial interests of the European Union ("EU"), became the first supranational...more

Vinson & Elkins LLP

Founder and Operator of Bitcoin “Mixer” Pleads Guilty to Money Laundering Conspiracy

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Larry Dean Harmon, the founder and operator of Helix, a darknet-based cryptocurrency “mixer” or “tumbler,” recently admitted that Helix partnered with darknet marketplaces to provide bitcoin money laundering services for...more

Dechert LLP

COVID-19 Coronavirus Business Impact: Financial Crime and the CPS Interim Charging Protocol

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The criminal justice system in England and Wales, as in other nations, is severely impacted by Covid-19, and is under immense pressure.  This extends beyond the investigation and prosecution of criminal activity surrounding...more

King & Spalding

Q4 2019: Latin America Enforcement Review

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In the fourth quarter of 2019, U.S. enforcement authorities sustained efforts to prosecute individuals violating U.S. anticorruption laws in matters related to Latin America, while authorities in Latin America, including in...more

Ballard Spahr LLP

U.S. Treasury and DOJ Targets “Evil Corp”

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Organization Excels at Niche Branding but Stumbles in Avoiding Enforcement - The first paragraph of the press release sums it up: Today the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action...more

Foodman CPAs & Advisors

Varsity Blues, the “Charity” and how a Forensic Accountant can be a Silver Bullet!

The forensic accounting skillset of FBI Special Agent, Mrs. Laura Smith, is receiving a lot of credit for her work in the largest college scandal in the U.S; the Varsity Blues Operation.      ...more

Ballard Spahr LLP

First U.S. Indictment Relating to Panama Papers Charges Lawyer, Asset Manager, Accountant and Client

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DOJ Targets Professional Enablers of Alleged Tax and Laundering Schemes - On December 4, the Office of the U.S. Attorney for the Southern District of New York unsealed an elaborate indictment charging three professionals —...more

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