Daily Archives: December 18, 2020, 5:33 pm

US Bill to Offer Rewards for Whistleblowers Exposing Money Laundering

Mary Inman, a whistleblower attorney with over two decades of experience, told OCCRP on Wednesday that this new program could potentially serve as a “real game changer in anti-money laundering enforcement.” The program, she said, resembles the one launched in 2012 by the U.S. Securities and Exchange Commission (SEC), which has since paid out over half a billion dollars to…

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Statement on the Renaming of the Office of Compliance Inspections and Examinations to the Division of Examinations

This year marks 25 years since the creation of the SEC’s Office of Compliance Inspections and Examinations (OCIE). Since its inception, OCIE has grown – in both number (over 1,000) and percentage (23%) of SEC employees – to represent the second largest office or division at the SEC, second in size only to the Division of Enforcement. In that time,…

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Pair convicted of insider trading lose appeal – FTAdviser.com

A former UBS compliance officer and her family friend have had their appeals against insider trading convictions quashed by the court. In June last year Fabiana Abdel-Malek and Walid Choucair were each convicted of five offences of insider dealing and sentenced to three years in prison at Southwark Crown Court. The case was brought by the Financial Conduct Authority following an investigation which found Abdel-Malek…

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