Work Area: Terrorist financing

Marshall Miller: Companies are “on the front lines” of national security

Two-thirds of the DOJ’s corporate criminal resolutions in the past seven months have implicated questions of national security, the senior DOJ official said.

03 May 2023

Switzerland to establish private-public “partnership” to prevent money laundering

26 April 2023

Sanctions docket: Taiwan, Brunei companies convicted over Iran tech sales

In a round-up of the latest sanctions developments, two businesses have pleaded guilty to conspiring to breach US sanctions against Iran, and Canada has purportedly set its sights on the assets of a sanctioned Russian airline.

19 April 2023

CFTC: Binance CCO “aided and abetted” alleged misconduct

In a civil complaint, the Commodity Futures and Exchange Commission fired shots at US crypto exchange Binance’s former head of compliance for allegedly flouting anti-money laundering and terrorist financing rules to maximise company profits.

28 March 2023

DOJ to shake up National Security Division enforcement approach

“National security risk should be vaulting up the corporate compliance risk chart because it's going to be more and more the subject of attention from the Department of Justice,” a senior DOJ official said.

01 March 2023

Ericsson sets $220 million aside for potential DOJ resolution over breach of DPA

The DOJ has twice warned the Swedish multinational it had breached a $1 billion bribery settlement reached with US authorities in 2019.

12 January 2023

Lafarge faces civil suits related to ISIS payments

The families of US citizens who were killed in a series of terrorist attacks throughout Europe and the Middle East have filed suits against French cement producer LaFarge over payments it made to ISIS and affiliated groups.

12 January 2023

FCPA Docket: Safran agrees to disgorge $17 million, receives DOJ declination

The DOJ declined to prosecute aerospace company Safran for bribery; a former risk director for the Ecuadorian police pension fund will spend five years in prison for taking bribes; two current Ericsson executives were accused of approving protection payments to the Islamic State and al-Qaeda.

03 January 2023

US senators introduce AML legislation focused on crypto industry

15 December 2022

Austrac launches civil penalty proceedings against Star Entertainment

Australia’s financial watchdog has investigated the casino operator since June 2021 and identified “a multitude of issues” with Star Entertainment’s AML compliance.

30 November 2022

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