Summary -
The U.S. Department of Justice issued a revised policy for Evaluation of Corporate Compliance Programs (ECCP), with new guidance on how the DOJ will consider corporate procedures for employees’ business-related...more
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Top U.S. Department of Justice officials announced the DOJ’s first-ever pilot program on corporate compensation incentives and clawbacks, as well as new policies on preservation of corporate communications, at...more
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The Department of Justice recently fine-tuned and codified the United States Attorney’s Offices (USAO) Voluntary Self-Disclosure Policy (VSD Policy), defining what actually constitutes voluntary self-disclosure,...more
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The Department of Justice (DOJ) last week issued revisions to the Criminal Division’s Corporate Enforcement Policy that incentivize companies to promptly self-disclose corporate misconduct, cooperate with the DOJ,...more
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A new memorandum from Deputy Attorney General Lisa Monaco, released on September 15 (Memorandum), represents one of the most comprehensive updates in years to the approach of the U.S. Department of Justice (DOJ) in...more
Incorporating in the Seychelles but Allegedly Operating in the U.S. Spells Trouble for Company and its Founders -
The Bitcoin Mercantile Exchange, or BitMEX, is a large and well-known online trading platform dealing in...more
10/13/2020
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Bribery ,
BSA/AML ,
CFTC ,
Commodity Exchange Act (CEA) ,
Corporate Counsel ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Financial Institutions ,
Indictments ,
Know Your Customers ,
Registration Requirement ,
Suspicious Activity Reports (SARs) ,
Trading Platforms
The U.S. Department of Justice (DOJ) earlier this week announced that it was disbanding the Financial Fraud Enforcement Task Force, established under the Obama Administration. ...more
7/16/2018
/ Consumer Financial Products ,
Consumer Fraud ,
Department of Justice (DOJ) ,
Digital Currency ,
Elder Abuse ,
Executive Orders ,
Exploitation ,
Federal Agency Taskforce ,
Financial Crimes ,
Financial Services Industry ,
Investment Products ,
Money Laundering ,
Regulatory Oversight ,
Tribal Governments
In a highly anticipated speech to the New York City Bar White Collar Crime Institute this morning, Deputy Attorney General Rod Rosenstein announced two new Department of Justice (DOJ) policies...more
Under Internal Revenue Code section 7609(f), the IRS may issue a “John Doe” administrative summons to discover the identities of unknown taxpayers. A “John Doe” summons can be a powerful enforcement tool because it allows the...more
2/7/2017
/ Bitcoin ,
Department of Justice (DOJ) ,
Digital Currency ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
Internal Revenue Code (IRC) ,
IRS ,
John Doe Investigation ,
Money Laundering ,
Summons ,
Swiss Banks ,
Tax Evasion ,
Technology ,
Virtual Currency
A federal judge exceeded his authority when he rejected a deferred prosecution agreement (DPA) entered into earlier this year by the U.S. Department of Justice (DOJ) and a Dutch aerospace company, the DOJ and company will...more
9/11/2015
/ Aerospace ,
Aircraft Equipment ,
Appeals ,
Compliance ,
Criminal Investigations ,
Criminal Prosecution ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
DPA ,
Export Controls ,
Internal Investigations ,
Iran ,
Sudan ,
Terrorism Funding
The New York Attorney General filed a complaint this week in a New York federal court against a national bank headquartered in the state and its holding company alleging that the defendants violated the federal Fair Housing...more
Last week, the U.S. Department of Justice (DOJ) filed a lengthy complaint and consent order in a lawsuit against Four Oaks Bank & Trust Company. The DOJ action is the first lawsuit (and settlement) under "Operation Choke...more