The U.S. Department of Justice (DOJ) has announced plans to offer financial incentives to whistleblowers who report allegations of wrongdoing. It’s an effort to fill gaps left open by existing whistleblower and bounty...more
In light of Russia’s invasion of Ukraine and intensifying strategic competition with China, the U.S. government is prioritizing enforcement of export controls and economic sanctions in unprecedented ways. We expect higher...more
Two recent guilty pleas involving a cryptocurrency exchange serve as a reminder to all money services businesses (“MSBs”)—including those ostensibly located outside the United States but that conduct business there—of the...more
3/4/2022
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BitMEX ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
FinCEN ,
Guilty Pleas ,
Know Your Customers ,
Money Services Business ,
Office of Foreign Assets Control (OFAC)
On October 8, 2020, the U.S. Attorney General’s Cyber-Digital Task Force released its Cryptocurrency Enforcement Framework. The Framework makes clear that, in addition to prosecuting bad actors who use cryptocurrency to...more
The Department of Justice (DOJ) announced last week and earlier this month civil forfeiture actions brought by the United States Attorney’s Office for the District of Columbia to seize stolen or laundered virtual currency...more
9/2/2020
/ Corruption ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Financial Crimes ,
Financial Transactions ,
Forfeiture ,
Hackers ,
Money Laundering ,
Money Services Business ,
North Korea ,
Popular ,
Terrorist Financing Regulations ,
Virtual Currency ,
White Collar Crimes
Earlier this month, Danske Bank A/S – Denmark's largest bank – announced that the United States Department of Justice ("DOJ") has initiated a criminal investigation relating to the bank's Estonian branch....more
10/30/2018
/ BSA/AML ,
Corruption ,
Criminal Investigations ,
Denmark ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Estonia ,
Financial Institutions ,
Financial Transactions ,
Jurisdiction ,
Money Laundering ,
Popular ,
White Collar Crimes
Today while addressing white collar practitioners at the New York City Bar Association, Deputy Assistant Attorney General Rod Rosenstein announced a new DOJ policy to avoid the “piling on” of multiple penalties for the same...more
Orrick partners Greg Morvillo and Amy Walsh co-authored an article for Law360 that examines how certain significant developments in various industries, coupled with official statements by the U.S. Securities and Exchange...more
3/7/2018
/ Cryptocurrency ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Digital Currency ,
Enforcement Actions ,
Marijuana ,
Omissions ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Regulatory Oversight ,
Regulatory Standards ,
Securities and Exchange Commission (SEC) ,
Spoofing ,
Virtual Currency ,
White Collar Crimes