Search

Editors

Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Michael Scher
Senior Editor

Elizabeth K. Spahn Contributing Editor

Julie DiMauro Contributing Editor

Eric Carlson Contributing Editor

Michael Kuria Contributing Editor

Thomas Fox Contributing Editor

Philip Fitzgerald Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Brook Horowitz Contributing Editor

Connect

Subscribe to receive the free FCPA Blog daily

Close
FCPA Blog Daily News

Entries in money laundering (88)

Wednesday
Feb182015

Swiss prosecutors raid HSBC offices in money laundering probe

Prosecutors in Switzerland searched the offices of HSBC's private bank in Geneva Wednesday as part of an investigation into money laundering.

Click to read more ...

Tuesday
Feb102015

Compliance Alert: Five risks for Fashion Week 2015

Image courtesy of Mercedes-Benz Fashion WeekFashion Week 2015 begins on February 12 in New York. Compliance will certainly not be on the agenda and the fashion industry has never attracted the kind of regulatory attention “enjoyed” by industries that rely heavily on public sector sales. But that doesn't mean that the industry is free of corruption risks and immune from potential FCPA enforcement actions.

Click to read more ...

Thursday
Jan292015

FDIC wants banks to use ‘risk based’ compliance for each customer

The Federal Deposit Insurance Corporation (FDIC) issued guidance Wednesday encouraging its insured banks to take a risk-based approach in assessing individual customer relationships.

Click to read more ...

Tuesday
Jan272015

Oppenheimer fined $20 million for AML failures in penny stock trades

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) assessed a $20 million civil penalty against Oppenheimer & Co., Inc. for "willfully violating" the Bank Secrecy Act.

Click to read more ...

Wednesday
Jan142015

Crooked UK cop drives Ferrari to work, ends up in jail

Image courtesy of FerrariA policeman now serving a seven-year prison term for running a crime gang was caught after other police saw him come to work in a Ferrari worth $257,000.

Click to read more ...

Tuesday
Jan132015

Je Suis Charlie: Compliance protects us all

The global demonstrations that gathered under the banner “Je Suis Charlie” had special meaning for us at the University of Miami as we offered the second iteration of our undergraduate Compliance Boot Camp.

Click to read more ...

Friday
Jan092015

Anti-graft journalists name Putin the 2014 Person of the Year

The Organized Crime and Corruption Reporting Project (OCCRP) has named Russia president Vladimir Putin the 2014 Person of the Year. The award is given annually to the person who does the most to enable and promote organized criminal activity, the OCCRP said.

Click to read more ...

Tuesday
Jan062015

Pennsylvania consulting company boss indicted for bribing European development bank official

A federal grand jury in Philadelphia indicted the former owner and president of the Chestnut Consulting Group Inc. Tuesday for bribing an official of an international development bank.

Click to read more ...

Wednesday
Dec242014

China targets illegal money flows to Macau

China has launched a crackdown on illicit money flows to Macau as part of efforts to combat money laundering and corruption, the South China Morning Post reported.

Click to read more ...

Monday
Dec222014

Former MoneyGram compliance chief penalized $1 million for ‘willful inaction’

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) imposed a $1 million civil penalty against the former chief compliance officer for MoneyGram International Inc.

Click to read more ...