Topic: Voluntary disclosure

Caveats could limit impact of DOJ’s Safe Harbor policy, lawyers say

A new DOJ policy allows companies to avoid prosecution by swiftly reporting misbehaviour uncovered in the M&A process. But lawyers say they’re unsure how broadly the policy will benefit businesses given certain caveats outlined by the DOJ.

06 November 2023

OFSI receives over 100 voluntary disclosures of Russia sanctions breaches

06 November 2023

DOJ official: Albemarle shows disclosing late is “always better than never”

In a speech in London, Nicole Argentieri, who took the helm at the Criminal Division over the summer, pointed to a recent resolution with Albemarle as proof that the department will still reward companies that wait to disclose corruption.

10 October 2023

SEC charges Stanley Black & Decker for failing to disclose executive perks

The settlement, which includes no civil penalty, doesn’t resolve a separate SEC probe into potential foreign bribery violations by the US tool manufacturer.

21 June 2023

Record number of suspicious activity reports filed in the UK

The UK’s financial intelligence unit received nearly one million reports of suspicious financial activity in 2022.

25 January 2023

OFAC fines email gift card issuer

OFAC issued new guidance for businesses supplying “instant payment systems” after finding that Tango Card committed thousands of potential sanctions breaches, racking up a maximum penalty of $9.2 billion.

03 October 2022

SDNY official outlines approach to charging decisions

Featured in Investigator's Guide to New York

“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

Inside HMRC’s export control enforcement strategy

GIR has obtained the guiding principles that the UK’s tax and customs agency uses to resolve criminal investigations into companies accused of violating export restrictions.

13 July 2022

IDB debars Brazilian construction company for paying $1m in bribes

The Inter-American Development Bank debarred Construcap CCPS Engenharia e Comércio (Construcap) for 18 months for paying $1 million in bribes related to a road construction project.

06 July 2022

BIS officially ends ‘no admit, no deny settlements’, plans tougher penalties

The agency has implemented new policies to step up its enforcement of the most serious export control violations in response to unprecedented national security threats from Russia and China.

01 July 2022

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