Financial Crimes, Fraud, Corporate Counsel

Beyond the Fine: What Financial Gatekeepers Must Learn from Interactive Brokers’ OFAC Settlement

Baker Botts L.L.P. on 7/23/2025

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has significantly increased its focus on sanctions compliance for “financial gatekeepers,” including financial institutions and other firms...more

Preparing Organisations for the New UK Failure to Prevent Fraud Offence

Akin Gump Strauss Hauer & Feld LLP on 2/17/2025

Fraud is the most common offence in the UK, amounting to 41% of all crime. On 26 October 2023, the UK’s long-awaited Economic Crime and Corporate Transparency Act 20232 (the Act) received Royal Assent, setting out...more

Top 5 SEC Enforcement Developments for December 2024

Morrison & Foerster LLP on 1/28/2025

Each month, we publish a roundup of the most important SEC enforcement developments for busy in-house lawyers and compliance professionals. This month, we examine: •Insider trading charges against a professor overseeing...more

UK Government Publishes Guidance for Companies on the New Failure to Prevent Fraud Offence

Morrison & Foerster LLP on 11/8/2024

Headlines - •The UK government has published its guidance on the new Failure to Prevent Fraud offence which will come into effect on 1 September 2025. •Similar to the UK Bribery Act, the provisions introduced by the Economic...more

How the Serious Fraud Office's Ambitious Five-Year Strategy Will Impact Businesses

K&L Gates LLP on 7/23/2024

The Serious Fraud Office (SFO) recently published its new five-year strategy for 2024-2029 (the Strategy), setting out its ambitious aspirations to become a “pre-eminent specialist, innovative and collaborative agency which...more

Thoughts on the new Economic Crime and Corporate Transparency Act - A New Era for Corporate Criminal Liability in the UK

White & Case LLP on 11/10/2023

The long-awaited Economic Crime and Corporate Transparency Act received Royal Assent on 26 October. This represents a significant turning point for the law on corporate criminal liability in the UK, and has been welcomed by...more

How to navigate the increase in financial crime risks during a downturn

White & Case LLP on 9/27/2022

Financial crime flourishes in a downturn, and the mining & metals sector is not immune to it. The sector faces a number of industry-specific risks, and will need to react to the ensuing likely surge in enforcement activity....more

One Step Closer To The Future (Part II) – Statutory Reform to the Identification Principle

White & Case LLP on 8/23/2022

Earlier this summer, the Law Commission published its long awaited proposals on reforming corporate criminal liability in England and Wales (the "Options Paper"), following the launch of its discussion paper in June 2021....more

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