Topic: Enforcement policy

Anti-corruption experts attack UK corporate criminal liability report

The Law Commission’s long-awaited review of corporate criminal liability in the UK has been branded “limited and unambitious” by MPs and anti-corruption groups.

10 June 2022

OFSI issues new enforcement guidance

The UK’s sanctions enforcement agency has updated its guidance for punishing breaches on the eve of a rule change that gives it new powers to fine companies for inadvertent violations.

08 June 2022

OLAF official: more probes will lead to enforcement actions in coming years

An OLAF official believes the establishment of an EU-wide prosecution agency will improve the effectiveness of the bloc’s anti-fraud investigation agency by prosecuting more of its cases.

08 June 2022

“We need to close the loopholes” – EU takes aim at sanctions evasion

European politicians want to bring in bloc-wide criminal penalties for evading European Union sanctions because current fines vary wildly from country to country. “It’s one that all lawyers, frankly, should be monitoring,” said one practitioner.

26 May 2022

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

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