Topic: Enforcement policy

UK MPs: agencies should receive a share of DPA awards

Two cross-party anti-corruption groups have called for the UK government to reinvest some of the money secured from successful enforcement actions into its anti-corruption agencies.

19 May 2022

Reports to the SEC doubled in 2021

SEC chairman Gary Gensler said the agency’s enforcement division needs more resources to deal with a surge in reports from whistleblowers and members of the public.

18 May 2022

BIS previews potential enforcement policy changes

The assistant secretary for export enforcement expanded on potential changes to the agency’s administrative enforcement arsenal, including its approach to penalties, charging letters, and no admit, no deny settlements.

17 May 2022

Court slams ex-Dechert partner’s “almost unimaginable” misconduct on ENRC probe

“I have little doubt that Mr [Neil] Gerrard had a large ego and a belief that he is always right and expected others to follow him implicitly,” the court said in an excoriating judgment concluding that the lawyer repeatedly leaked ENRC’s confidential information to the SFO.

16 May 2022

FinCEN to open consultation on introducing no-action letters

FinCEN’s associate director said no action letters could help companies “employ new and innovative techniques and technologies” in the fight to stop illicit funds from entering the US financial system.

12 May 2022

US Senator Ted Cruz wants court to reconsider Boeing settlement

27 April 2022

UK anti-corruption expert: “efforts to combat economic crime are in disarray”

Susan Hawley of anti-corruption NGO Spotlight on Corruption called for reforms to address the enforcement crisis, including large budget increases and a public inquiry.

27 April 2022

Swiss sanctions enforcer rattles legal community with disclosure stance

The Swiss ministry responsible for investigating economic sanctions breaches has doubled down on its position that lawyers have a duty to disclose assets held by sanctioned clients.

01 April 2022

Appeals court upholds Deripaska sanctions designation

30 March 2022

MPs reproach SFO director for evading Unaoil scrutiny

Politicians on Tuesday accused the director of the UK’s Serious Fraud Office of hiding behind an ongoing review of the agency to avoid questions about the high-profile collapse of two individual prosecutions in an international bribery investigation.

29 March 2022

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