‘Enforcement 40’ for 2020
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By Securities Docket on April 6, 2023, 10:54 am
Decentralized financial transactions, including those done with virtual currencies, need to comply with anti-money laundering and sanctions laws, the US Treasury Department said in a new report. The 39-page report, which was commissioned by the Biden administration, concludes there are several risks associated with DeFi technology, which has no exact definition but includes self-executing transactions […]
By Securities Docket on December 13, 2022, 1:51 pm
The Securities and Exchange Commission today announced fraud charges against Danske Bank, a multinational financial services corporation headquartered in Denmark, for misleading investors about its anti-money laundering (AML) compliance program in its Estonian branch and failing to disclose the risks posed by the program’s significant deficiencies. Danske Bank agreed to pay $413 million to settle […]
By Securities Docket on December 12, 2022, 9:49 am
Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world’s largest cryptocurrency exchange Binance, four people familiar with the matter have told Reuters. The investigation began in 2018 and is focused on Binance’s compliance with U.S. anti-money laundering laws and sanctions, these people said. Some of […]
By Securities Docket on December 18, 2020, 5:33 pm
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 […]
By Securities Docket on March 19, 2018, 3:03 pm
Please join Alma Angotti, Gino Soave, Claiborne (Clay) Porter and Jason Somensatto for this free webcast.
By Securities Docket on July 10, 2017, 1:49 pm
Please join Alma Angotti, Daniel L. Stipano, John Davidson, Valerie-Leila Jaber and Myrna Olvera for this free webcast.
Posted in Industry, Top | Tagged AML, Due Diligence, Webcasts
By Securities Docket on February 7, 2014, 7:34 am
The U.S. Financial Industry Regulatory Authority suspended a former AML compliance officer for Brown Brothers Harriman and assessed a record $8 million fine against the firm for its anti-money laundering failures. via FINRA suspends compliance officer, levies highest-ever company AML fine — The FCPA Blog
By Securities Docket on May 29, 2013, 3:21 pm
Please join Jeffrey Lehtman, Kurt Wolfe, Sarah Cox, Ellen Zimiles, Alma Angotti and Jay Perlman for this free webcast.
Posted in Top | Tagged AML, Anti-corruption, FCPA, Travel Act, Webcasts