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?
exclusive UK contributor
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.
Regulators the world over are stepping up the war against financial crime, issuing a raft of rules and hitting banks with some serious penalties. Despite these efforts, it’s still not uncommon to hear of financial ...
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to the regulated community in the UK, Guernsey, Jersey, the Isle of Man and Gibraltar, ...
Catalan President Carles Puigdemont’s declaration to suspend independence on Tuesday may have disappointed the ‘Catalexit’ camp, but a move to immediately break away from Spain would have triggered insurmountable challenges, including financial regulatory obstacles. Addressing Cataln’s ...
As regulatory compliance initiatives move toward utilizing machine learning and artificial intelligence (AI), what effect might the increased efficacy of AML programs have on developing nations and small financial players without large compliance budgets? More ...
HSBC on Thursday announced it has appointed a new CEO to take over from Stuart Gulliver, who steered the bank through major regulatory lapses. John Flint, head of retail banking and wealth management, will succeed Gulliver ...
United States President Donald Trump has refused to continue signing off an international major nuclear deal with Iran, saying it
HSBC on Thursday announced it has appointed a new CEO to take over from Stuart Gulliver, who steered the bank
Regulators the world over are stepping up the war against financial crime, issuing a raft of rules and hitting banks
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to