Topic: Enforcement policy

Bittrex fines a sign of more to come

Following FinCEN and OFAC’s first-ever parallel crypto action, sanctions practitioners say the agencies’ improved understanding of cryptocurrency platforms will create further opportunities for joined-up enforcement.

14 October 2022

MPs: lack of funding proposals undermine UK economic crime reforms

In the first parliamentary debate over the UK’s latest financial crime law, MPs highlighted an absence of new funding proposals for law enforcement agencies.

13 October 2022

Director of Public Prosecutions: CPS can learn from reports into SFO failings

Max Hill KC told a London legal conference that the reports’ emphasis on early engagement with defence counsel during investigations is something his agency needs to keep in mind.

10 October 2022

McKinsey to fight criminal charges in South Africa

US management consultancy McKinsey & Company plans to rigorously defend itself after South African prosecutors charged the business over its alleged role in a procurement bribery scheme.

03 October 2022

Mixed reviews for UK government’s new Economic Crime Bill

Lawyers expressed both optimism and scepticism about the various new provisions in the UK government’s latest economic crime bill, set to give more powers to the country’s authorities and enable information sharing among businesses.

29 September 2022

Australian government plans new anti-corruption agency

The Australian government plans to create a national agency tasked with rooting out corruption in the public sector.

27 September 2022

SDNY official outlines approach to charging decisions

“We expect platinum-level compliance from your platinum-level clients”, Daniel Gitner, the criminal chief at the Manhattan US attorney’s office, told an audience at GIR Live New York on Tuesday.

21 September 2022

DOJ official expands on expectations for corporate clawback policies, self-disclosure

“What we expect now in 2022, is that companies will have robust and regularly deployed clawback programmes. All too often we see companies scramble to dust off and implement dormant policies once they're in the crosshairs of an investigation,” Marshall Miller told an audience at GIR Live: New York on Tuesday.

20 September 2022

SFO, CPS renew calls for expansion of the failure-to-prevent model

The addition of a failure-to-prevent offence would be a “welcome addition to the tools available for prosecutors” to ensure proper accountability for those involved in wrongdoing, the head of public prosecutions at the CPS said.

05 September 2022

US Federal Reserve completes 10 years of monitoring HSBC compliance

02 September 2022

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