Compliance professionals in many large organizations are faced with a dilemma: is it possible to maintain the clarity of a single global compliance policy while still complying with the increasingly divergent local laws?
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exclusive US contributor
Halfway through Buhari’s term, what progress has been made in fighting corruption and other economic crimes?
Dramatic Kenyan bribery law underscores the new reality: Washington and London have no monopoly on talking tough
Kenya’s new Bribery Act, which pairs onerous obligations with severe penalties, may mark the start of a new era in which developing countries pass and enforce anti-bribery laws that are far more stringent than those in “traditional” compliance jurisdictions.
On 17 January 2017, at Southwark Crown Court, Lord Justice Leveson approved a deferred prosecution agreement (“DPA”) between the Serious Fraud Office (“SFO”), and Rolls-Royce Plc and Rolls-Royce Energy System Inc (“Rolls-Royce”). The third DPA agreed by the SFO has led some to wonder whether DPAs have finally come of age as a weapon the SFO’s enforcement arsenal.
“A little knowledge is a dangerous thing” – derivative litigation sought to hold board members responsible for breaches in BSA/AML compliance
Recent anti-money laundering enforcement actions against major U.S. financial institutions have placed boards of directors front and center in the management and oversight of their institutions’ Bank Secrecy Act and other anti-money laundering (“BSA/AML”) programs.
In this exclusive Of Counsel piece, Julie Copeland and Mirella A. de Rose of Lewis Baach pllc, consider two recent events which highlight the importance of real time monitoring of suspicious transactions.
In this exclusive Of Counsel piece, Katherine Toomey, Partner at Lewis Baach PLLC outlines the recent OFAC actions against ordinary (non-bank) companies and discusses how companies should approach the development of a compliance culture.
On 7 July the National Crime Agency published its “Cyber Crime Assessment 2016 – need for a stronger law enforcement and business partnership to fight cyber crime”.
In this article, Neill Blundell, Head of the Fraud & Investigations Group at Eversheds and Jason Williamson, Eversheds Associate, consider (i) the growth in cyber crime, (ii) the challenges business face as a consequence and (iii) the practical steps businesses can take to enhance their defences against cyber-criminal activity.
Between “Baba Go Slow” and “the Bulldozer”: wrestling with corruption, poverty and business in Nigeria and Tanzania
Human and economic development in Nigeria and Tanzania have each been constrained by systemic corruption. In 2015, each country elected a president who campaigned on an anti-corruption manifesto. How successful have they been in fighting corruption – and why should businesses care anyway? Vivian Jones, Senior Associate in the global Fraud & Investigations Group of Eversheds, examines the two presidents’ styles and achievements to date.
In this exclusive Of Counsel piece, Julie Copeland and Mirella A. de Rose of Lewis Baach pllc, take a look at the “ABCs” of compliance.
Financial crime staff would be well advised to consider the findings of the review conducted by the Danish Financial Supervisory Authority (DFSA) into the country’s largest bank, Danske, its management and senior employees in relation ...
A Surrey detective marked a legal breakthrough for his team, after the courts granted him permission to convert bitcoin seized from the criminal underworld. The drama unfolded when a ‘wealthy’ man was suddenly bundled into ...
Gangs specialising in advising drug dealers, fraudsters and other criminals on how to shift and launder dirty cash are thriving across various jurisdictions and posing a threat to the banking system. Although governments have tried ...
Love it or hate it, the risk-based approach (RBA) is a key aspect of compliance work. But what happens when the boss shows up one day with a woefully muddled up RBA plan and expects ...
Financial crime staff should be alert to action taken by regulators in other parts of the financial services industry. The Financial Conduct Authority’s (FCA) Final Notice against Interactive Brokers UK (IBUK), which attracted a fine of ...
Financial crime staff would be well advised to consider the findings of the review conducted by the Danish Financial Supervisory
A Surrey detective marked a legal breakthrough for his team, after the courts granted him permission to convert bitcoin seized
Tom Devlin interviews Gary Osen, a high profile attorney and expert on the Anti-Terrorism Act.
The US decision to withdraw from the joint Iran nuclear deal is regarded as a huge blow not just to