Companies and their executives can reduce Department of Justice (DoJ), OFAC, and Commerce Department risks (and liability) by understanding and respecting the relationship between economic sanctions, voluntary...more
4/11/2024
/ Compliance ,
Corporate Misconduct ,
Department of Homeland Security (DHS) ,
Economic Sanctions ,
Enforcement ,
Federal Trade Commission (FTC) ,
Fines ,
National Intelligence Agencies ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Remediation ,
Reputational Injury ,
Retaliation ,
Risk Mitigation ,
Sanction Violations ,
Self-Disclosure Requirements ,
U.S. Commerce Department ,
Voluntary Disclosure ,
Whistleblower Protection Policies ,
Whistleblowers
Start Planning Now to Reduce Your Increased Money Laundering, Sanctions, and Conflicts of Interest Risks The introduction and use of generative artificial intelligence (GenAI) and predictive data analytics (PDAs) by...more
3/26/2024
/ Anti-Money Laundering ,
Artificial Intelligence ,
BSA/AML ,
Compliance ,
Conflicts of Interest ,
Cyber Crimes ,
Deep Fake ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Economic Sanctions ,
Financial Institutions ,
FinCEN ,
Hackers ,
Investment ,
Investment Adviser ,
Know Your Customers ,
Machine Learning ,
Money Laundering ,
NIST ,
Policies and Procedures ,
Predictive Analytics ,
Regulatory Standards ,
Risk Assessment ,
Risk Management ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Shell Corporations ,
Terrorist Financing
Since December 2021, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have levied almost $3.0 billion in penalties for longstanding failures by 39 broker-dealers, swap dealers,...more
3/7/2024
/ Anti-Money Laundering ,
Banking Sector ,
Bribery ,
Broker-Dealer ,
CFTC ,
Corruption ,
Customer Due Diligence (CDD) ,
Department of Justice (DOJ) ,
Digital Assets ,
Economic Sanctions ,
Electronic Communications ,
Enforcement Actions ,
Ethics ,
Evasion ,
Fraud ,
Investment Adviser ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Policies and Procedures ,
Recordkeeping Requirements ,
Regulatory Standards ,
Securities ,
Securities and Exchange Commission (SEC) ,
Swap Dealers
As the Russia – Ukraine war rages on, one outcome so far is clear: the Western nations remain aligned and united to confront Russian aggression. The West’s synchronized, roll-out of economic and trade sanctions against...more
1/10/2023
/ Bribery ,
CFIUS ,
Compliance ,
Corruption ,
Cyber Crimes ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Financial Institutions ,
Foreign Banks ,
Foreign Corrupt Practices Act (FCPA) ,
Fraud ,
Military Conflict ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management ,
Russia ,
Securities and Exchange Commission (SEC) ,
Ukraine
With the Russian-Ukraine war’s ever-expanding sanctions landscape, the supply chain is even more complex than it already was, and enforcement risk is even higher given the broader array of U.S. federal and international...more
How do you know if your sanctions compliance program (“SCP”) is really working? Can your firm really afford to find out the hard way – violations with major penalties, especially after regulators uncover your management did...more