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”…
More than $40 Million Awarded to Whistleblowers Last Year for Exposing Securities Fraud
For reporting financial malfeasance and providing key evidence during investigations, the Securities and Exchange Commission awarded just over $40 million to four whistleblowers last week.…
Federal Authorities Are Dropping the Ball on FCPA Enforcement
The level of Foreign Corrupt Practices Act (FCPA) enforcement activity in 2021 was the lowest in a decade. That’s the conclusion of a report from…
Theranos Whistleblower Weighs In on Elizabeth Holmes Verdict
On January 3, Theranos founder Elizabeth Holmes was found guilty of 4 counts of fraud. Holmes was indicted on federal wire charges in June of…
Jordan Thomas Launches Whistleblower-focused Law Firm
Plaintiffs lawyer and former Securities and Exchange Commission regulator Jordan Thomas said Tuesday that he has launched a new law firm to pursue awards under…
Swedish Banker Faces Jail Time over AML Charges
The former chief executive of Swedbank has been charged with fraud, market manipulation and the unauthorised disclosure of inside information, after an investigation into a…
The Former King of Spain Escapes Money Laundering Charges, For Now
Geneva prosecutors have dropped a criminal investigation into suspected money laundering connected to former Spanish king Juan Carlos. Investigators said there was not enough evidence…