The U.S. Treasury Department is currently drafting proposed rules to implement the whistleblower provisions of the Anti-Money Laundering (AML) Act of 2020. These rules will…
How to Avoid Taking Bribes, Despite Immense Social Pressure
Bribe demands place tremendous pressure on employees and company compliance controls, testing resolve and exploiting systemic weaknesses. Compliance officers should work to implement proactive policies…
$365 Million Money Laundering Scheme Exposed by DOJ
A Queens, New York, man today admitted his role in coordinating a $653 million money laundering conspiracy, operating an unlicensed money transmitting business, and bribing…
Sprawling Credit Suisse Fraud Blown Wide Open with Massive Data Leak
The client rosters of Swiss banks are among the world’s most closely guarded secrets, protecting the identities of some of the planet’s richest people and…
Infinity Q CIO Charged with Fraud
The Securities and Exchange Commission today charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by…
Financier Dean Vagnozzi Settles SEC Fraud for $5m
The Philadelphia based controversial financier Dean Vagnozzi, once well-known through his ubiquitous radio ads and free dinner seminars, has agreed to pay $5 million to…
Due Diligence in Emerging Markets Must Look Beyond the Checklist
The standardization of due diligence processes has done much to advance compliance, but at this point it is also increasing risks, argues Katya Lysova in a…
New Changes to SEC Whistleblower Regulations
On February 10, the U.S. Securities and Exchange Commission (SEC) proposed two amendments to the rules governing its highly successful whistleblower program. Both amendments seek…
Judge Excoriates SEC Over Loose Whistleblower Regulations
A federal appellate judge criticized the U.S. Securities and Exchange Commission over its whistleblower award program on Monday, saying its rules were among the “sloppiest”…