The Securities and Exchange Commission has charged John and JonAtina Barksdale with fraud for misleading investors through through false claims in a cryptocurrency scheme, according…
Here’s Why So Few Corporations Ask for FCPA Guidance, Preferring to Hide Their Misconduct
A lot of executives and corporations have difficulty understanding the Foreign Corrupt Practices Act, and what sorts of conduct, exactly, would be regarded as standing…
Whistleblowers Catch Banks Continuing to Launder Money Even After Flags
A whistleblower recently leaked data from Credit Suisse revealing that the bank opened accounts for and served numerous individuals with criminal ties, including sanctioned businessmen…
As Russia Sanctions Kick In, UK Whistleblower Advocates Call for Stronger Protections
As sanctions ratchet up pressure on Moscow, the role of whistleblowers as central players in their enforcement is taking on fresh urgency. Until now, the…
Ericsson Breached FCPA Settlement, Says DOJ
On March 2, Ericsson, the Swedish networking and telecommunications company, reported that the Department of Justice (DOJ) has accused the company of violating its 2019…
Treasury Looks to Beef Up Protections for AML Whistleblowers
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…