News & Analysis as of

Financial Crimes Criminal Investigations

Ballard Spahr LLP

FinCEN Designates Three Mexican Financial Institutions as Primary Money Laundering Concerns Linked to Opioid Trafficking

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On June 25, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued three orders designating CIBanco S.A., Intercam Banco S.A., and Vector Casa de Bolsa, S.A. de C.V. (collectively,...more

The Volkov Law Group

DOJ Expands Whistleblower Program to Include Tariffs, Sanctions and Export Controls (Part III of III)

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DOJ’s new Corporate Enforcement Program is designed to bring certainty to the voluntary disclosure and cooperation process.  DOJ’s intent is clear — voluntary disclosure is likely to lead to a declination, reduced penalties...more

Foley & Lardner LLP

DOJ Criminal Division Updates (Part 1): DOJ’s New White Collar Crime Enforcement Plan

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On May 12, DOJ’s Criminal Division head, Matthew G. Galeotti, issued a memo to all Criminal Division personnel, entitled “Focus, Fairness, and Efficiency in the Fight Against White-Collar Crime,” to “outline the Criminal...more

Vedder Price

“Focus, Fairness, and Efficiency in the Fight Against White-Collar Crime”: DOJ Announces Criminal Investigation and Enforcement...

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On May 12, 2025, Matthew Galeotti, Head of the Criminal Division of the Department of Justice (“DOJ”), published a memorandum outlining the DOJ’s current investigation and enforcement priorities for prosecuting corporate and...more

Estlund Law, P.A.

Lyon, France- INTERPOL’s Newest Notice Is Silver (Part 3 of 3: President Trump Has A Crypto Business And He Disbanded The U.S....

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Our last 2 posts discussed INTERPOL’s new Silver Notices and how they relate to crypto, along with the current U.S. presidential administration’s reversal of crypto-related crime-fighting measures as the rest of the world...more

Mayer Brown

IRS-CI Announces a New Initiative to Enhance BSA Information-Sharing with Financial Institutions

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On March 28, 2025, the Internal Revenue Service (“IRS”)’s criminal investigative arm, IRS Criminal Investigation (“IRS-CI”), announced that it would be implementing a new program called CI-FIRST (Feedback in Response to...more

Estlund Law, P.A.

INDIA: Extradition And Deportation Due To Red Notice Status

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Today’s post will address extradition and deportation due to Red Notice status, using as examples the case of two fugitives from India who were INTERPOL Red Notice subjects and were arrested in India following their return...more

Holland & Knight LLP

Cambios legislativos en la Ley Federal para la Prevención de Operaciones con Recursos Ilícitos y el Código Penal

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Las Comisiones Unidas de Justicia y de Estudios Legislativos presentaron el 1 de abril de 2025, un dictamen en sentido positivo, de la iniciativa con proyecto de decreto por el que se reforman y adicionan diversas...more

Fox Rothschild LLP

The Presumption of Innocence Podcast: Episode 58 - Enforcement Priorities of the Second Trump Administration: IRS Investigations

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What’s on the Trump administration’s agenda when it comes to federal investigations? Listen to the first in a series of episodes aimed at answering that question. Former IRS Special Agent Jonathan Schnatz joins host Matt...more

Latham & Watkins LLP

UK Supreme Court Ruling in El-Khouri: Defining the Territorial Boundaries of the Proceeds of Crime Act 2002

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The ruling, which narrows the UK’s jurisdiction over money laundering offences, will impact how cross-border money laundering offences are prosecuted going forward....more

White & Case LLP

Interpol's first Silver Notice: Increasing global law enforcement cooperation to facilitate international asset recoveries

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Previously, where a country needed assistance from law enforcement in another jurisdiction to investigate and prosecute criminal offences, it would have to go through the notoriously slow and often fruitless process of...more

WilmerHale

Nick Ephgrave’s First Year as SFO Director

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Nick Ephgrave QPM, the Director of the Serious Fraud Office (“SFO”), recently marked the end of his first year in office. Ephgrave has brought a renewed energy, sense of purpose and proactive approach to the SFO, opening six...more

Buchalter

Historic AML Prosecution, Previously Led by Shareholder Daniel Silva: Wynn Las Vegas Agrees to $130M Penalty in Largest-Ever...

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On September 6, 2024, Wynn Las Vegas (“Wynn LV”) agreed to forfeit over $130 million to resolve a criminal investigation into the gaming giant’s suspected violated federal anti-money laundering (“AML”) laws. Daniel Silva, a...more

Jenner & Block

Client Alert: DOJ Continues Its Trend of Strengthening Incentives to Report Corporate Misconduct

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Just over a month after Deputy Attorney General Lisa Monaco announced the upcoming launch of the Department of Justice’s whistleblower rewards program, the DOJ Criminal Division unveiled its newest program to incentivize...more

WilmerHale

‘One eye across the Atlantic’ - The UK SFO Director’s Maiden Speech and Recent Visits to the United States Underscore the...

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The Director of the UK Serious Fraud Office (SFO), Nick Ephgrave QPM, delivered his maiden public speech on February, 13, 2024, closely followed by visits to key financial centres in the United States to meet with...more

Ballard Spahr LLP

Criminal Case Round-Up: Recent Prosecutions Involving Financial Institution Officers

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The Department of Justice (“DOJ”) has been very active in the Bank Secrecy Act (“BSA”) / Anti-Money Laundering (“AML”) space, as reflected by a recent series of individual prosecutions and corporate non-prosecution agreements...more

WilmerHale

New SFO Pre-Investigation Powers Come into Force

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On 15 January 2024, legislation came into force that enhances the Serious Fraud Office’s (SFO) compulsory information-gathering powers and streamlines the investigative process whilst imposing fresh obligations on companies...more

Ballard Spahr LLP

DOJ Bolsters International Cooperation to Combat Corruption

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Summary - The Department of Justice (DOJ) has created the International Corporate Anti-Bribery initiative (ICAB), which aims to strengthen the United States’ global efforts in combating corruption through enhanced...more

BCLP

FCA publishes its 2022/23 Annual Report and Enforcement data

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The FCA released its 2022/23 Annual Report last week together with data on its key enforcement trends. We consider below some of the key takeaways....more

A&O Shearman

The results are in: Our top 10 enforcement insights from the FCA’s Annual Report for 2022/23

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Last week, the FCA published its Annual Report for 2022/23, which included the usual FCA annual enforcement performance data. Below we have selected 10 key points from the Annual Report that are interesting from an...more

StoneTurn

How Is Fraud Being Perpetrated In Your Organization?

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Just one individual’s negative behavior can have a detrimental effect on a group and, for large organizations, the threat from just “a few bad apples” increases tenfold. With internal fraud figures climbing each year and...more

Foodman CPAs & Advisors

IRS-CI Amplía Asociaciones Con Contrapartes Extranjeras

El 3/11/22, el IRS-CI (Investigación Criminal del IRS) publicó su Reporte del Año Fiscal 2022 que destaca más de 2550 investigaciones criminales, una tasa de condena del 90%; acciones de cumplimiento enfocadas en el fraude...more

Foodman CPAs & Advisors

IRS-CI Expands Partnerships With Foreign Counterparts

On 11/3/22, IRS-CI (IRS Criminal Investigation) released it FY2022 Annual Report highlighting more than 2,550 investigations, 90% conviction rate; enforcement actions focused on tax fraud, money laundering, cybercrimes, and...more

Oberheiden P.C.

AML Enforcement

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Federal law enforcement takes money laundering and other suspicious transactions extremely seriously. Unfortunately, this does not mean that legal scrutiny is confined to the criminal actors and organizations that launder...more

White & Case LLP

The Framework for Cooperation between the European Public Prosecutor's Office and Non-EU Third Countries

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The European Public Prosecutor’s Office ("EPPO") is the European Union's ("EU") supranational prosecutorial body that launched its operations on 1 June 2021. The EPPO is charged with investigating and prosecuting economic...more

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