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FinCEN warns virtual currency providers about AML scrutiny

FinCEN warns virtual currency providers about AML scrutiny

May 14, 2020, GIR

A leading US anti-money laundering agency has warned virtual banking companies and cryptocurrency platforms that it is closely monitoring the systems they have set up to stop illicit money flows.

Brazil formalises leniency agreement protocols for individuals

Brazil formalises leniency agreement protocols for individuals

May 14, 2020, GIR

Brazilian authorities have allayed lingering confusion about whether individuals can be included in corporate leniency deals in a move welcomed by practitioners.

Kitchen appliance company discloses accounting probe

Kitchen appliance company discloses accounting probe

May 12, 2020, GIR

US kitchen appliance company Hamilton Beach has delayed its first quarter financial statement while it investigates accounting irregularities at a subsidiary in Mexico.

SFO halts some interviews amid covid-19 lockdown

SFO halts some interviews amid covid-19 lockdown

May 11, 2020, GIR

A former SFO lawyer said the agency may have to use its imagination to operate effectively during the lockdown.

Convicted Libor traders lean on absent rate-setting guidance in appeal

Convicted Libor traders lean on absent rate-setting guidance in appeal

May 07, 2020, GIR

Two former Deutsche Bank traders have said their convictions for Libor rigging should be overturned because no clear instructions existed about how to make submissions for the benchmark rate.

Japan considers introducing attorney-client privilege

Japan considers introducing attorney-client privilege

April 30, 2020, GIR

Japanese lawyers have welcomed the prospect of attorney-client privilege in the country’s judicial landscape but said it could be a long time before it applies to white-collar cases.

KPMG highlights inadequate access to data in Wirecard report

KPMG highlights inadequate access to data in Wirecard report

April 28, 2020, GIR

German payment company Wirecard said that a KPMG  audit did not uncover evidence to support allegations of accounting fraud but added that the Big Four firm was unable to access information to adequately assess the company’s sales revenue. 

Judge denies Dechert partner’s application to stay spying lawsuit

Judge denies Dechert partner’s application to stay spying lawsuit

April 28, 2020, GIR

An English High Court judge has dismissed an application to pause a harassment lawsuit brought by Dechert partner Neil Gerrard and his wife while they await the outcome of a related malpractice claim.

US judge: FTC’s ‘stunning’ Facebook allegations call into question country’s privacy regime

US judge: FTC’s ‘stunning’ Facebook allegations call into question country’s privacy regime

April 27, 2020, GIR

A US federal judge has approved the settlement between Facebook and the US Federal Trade Commission over the Cambridge Analytica scandal, but said the case calls into question the adequacy of US privacy laws.

Germany cuts “death penalty” rule from corporate criminal liability bill

Germany cuts “death penalty” rule from corporate criminal liability bill

April 24, 2020, GIR

Germany has removed a provision from proposed corporate criminal liability reforms that allowed courts to dissolve companies found guilty of serious criminal misconduct.