Undoubtedly, the most helpful decision this year for UK-based white collar crime lawyers was a tax related case in which the Supreme Court refused to extend legal advice privilege “LAP” to other professionals by reference to a legal function test. A copy of the decision is here (in pdf).
Entries in money laundering (43)
A former vice president from Venezuela's state economic development bank pleaded guilty Monday and agreed to cooperate with prosecutors investigating a massive bribery and fraud scheme by a U.S. broker.
Deputy Attorney General James M. Cole had this to say Monday at the Money Laundering Enforcement Conference in Washington, D.C.:
Houston-based oil and gas company Hyperdynamics Corporation said it received a subpoena from the DOJ in September requesting documents relating to its business in the African country of Guinea.
A U.S. Foreign Service Officer who was posted in Vietnam admitted accepting more than $3 million in bribes to process visas for entry into the United States, the DOJ said.
Corporate compliance programs are no longer classified as “nice to have,” nor are they mere responses to allegations of wrongdoing. Some companies are going beyond mentioning how they have cleared their names with regulators after an investigation; they're actively promoting the components of an effective strategy.
The U.S. Court of Appeals for the 11th Circuit will hear oral arguments Friday from two defendants convicted in the Haiti telco case. They're challenging the DOJ's interpretation of ‘foreign official’ under the Foreign Corrupt Practices Act.
Greece's former defense minister was sentenced Monday to 20 years in jail for money laundering and taking kickbacks.
Three men charged under the U.K. Bribery Act will appear in a London court Monday.
U.S. Attorney Preet Bharara said Tuesday the United States has filed a civil forfeiture action against the assets of nine companies that own real estate in Manhattan. The complaint targets four luxury residential units and two high-end commercial spaces.