News & Analysis as of

Sanctions Settlement Compliance

Torres Trade Law, PLLC

Trade Violations Under the False Claims Act

On February 7, the U.S. Department of Justice (DOJ) announced that settlements and judgements under the False Claims Act (FCA) exceeded $2 billion for the 2022 fiscal year. The 2022 fiscal year also had the second-highest...more

The Volkov Law Group

Société Générale Pays $1.4 Billion for Systemic Sanctions Violations

The Volkov Law Group on

Société Générale (“SocGen”) entered into two deferred prosecution agreements (“DPA”) and agreed to pay $1.34 billion in penalties: $717 million to the Justice Department...more

Broker-Dealer Compliance + Regulation

FINRA Sanctions Investment Firm Following Unsuitable Sales of Nontraditional ETFs

On June 7, 2016, FINRA settled proceedings against a New York-based investment firm for alleged violations of its suitability and related rules, namely NASD Rule 2310 and FINRA Rules 2111 and 2010. According to FINRA,...more

Dechert LLP

U.S. Government Announces Significant Sanctions Enforcement Actions Against Schlumberger and PayPal

Dechert LLP on

The U.S. Government announced two major sanctions enforcement actions this week that reinforce the compliance challenges faced by both U.S. companies with international activities and non-U.S. companies subject to U.S....more

The Volkov Law Group

BNP: A Window Into A Systemic Compliance Breakdown

The Volkov Law Group on

BNP Paribas’ recent settlement of nearly $9 billion for violating US Sanctions against Sudan, Iran and other countries is another important achievement for the US Attorney’s Office in the Southern District of New York and the...more

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