SEC to prioritise ephemeral messaging and ESG misstatements, enforcement director says

Gurbir Grewal also provided more guidance as to how the securities regulator approaches noticing companies that they are facing a possible enforcement action.

22 September 2023

OFAC fines 3M over Iran sanctions violations

The nearly $10 million penalty from the US civil sanctions enforcer comes just a month after the company agreed to pay $6.5 million to resolve an FCPA-linked probe by the SEC.

22 September 2023

Marshall Miller: New M&A-focused compliance guidance coming soon

At a GIR conference in New York City, the second-in-command in Deputy Attorney General Lisa Monaco’s office teased new M&A-focussed compliance guidance, discussed how the department will punish companies who break resolution agreements and provided new details on recently-announced policy regarding employee compensation.

21 September 2023

FCA puts UK financial sector on notice over sanctions compliance

The UK financial regulator’s recent assessment of companies’ compliance with sanctions following Russia’s full-scale invasion of Ukraine should serve as a warning that enforcement activity will follow, London lawyers said.

21 September 2023

Counsel Watch: Kirkland steps in to challenge SEC subpoena lawsuit

In the latest counsel watch, Kirkland is advising a company that is challenging the release of its identity to the Securities and Exchange Commission following a cyber-hack on its lawyers’ files.

21 September 2023

Brazilian lawyers concerned about judicial uncertainty following Supreme Court Odebrecht decision

A recent Supreme Court justice’s decision to nullify the use of any information stemming from engineering company Odebrecht’s leniency agreement could jeopardise numerous other Operation Car Wash resolutions, lawyers said.

20 September 2023

Investment firm to pay $375,000 for violating whistleblower protections

CBRE neither admitted nor denied allegations that it required employees to sign a release agreement stating they had not filed charges against the company in order to receive separation pay.

19 September 2023

ENRC seeks full SFO report on alleged media leaks

The agency told a London court that any review of redactions in an internal investigation report about alleged leaks of confidential information to the press should be handled by its incoming director Nick Ephgrave.

19 September 2023

Puerto Rican bank fined $15 million for repeated AML violations

FinCEN imposed its first-ever fine on a Puerto Rican international banking entity for repeatedly failing to submit timely suspicious activity reports and other violations of the Bank Secrecy Act.

18 September 2023

Ex-SBM Offshore lawyer to sue company over blackmail claims

“This time I am in search of justice on a personal level,” said Jonathan Taylor, who claims SBM Offshore tried to ruin his reputation after he published documents detailing the company’s handling of a bribery scandal.

18 September 2023

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