The US government announced that it continues to pause mandatory beneficial ownership information filing requirements with the Financial Crimes Enforcement Network, despite the Supreme Court of the United States granting the government’s motion to stay a nationwide injunction issued by a Texas federal judge. Read our alert here.
SCOTUS continues to curtail prosecutors: Gratuities not illegal under longstanding federal law
On June 26, 2024, the Supreme Court of the United States (SCOTUS) held in Snyder v. United States that 18 U.S.C. § 666 does not apply to gratuities — even those that raise eyebrows and ethical concerns. The federal statute prohibits public officials, including most state and local officials, from “corruptly” soliciting, accepting
Global webinar on 18 October 2022: Crypto regulatory investigations and enforcement – Key developments and practical steps for clients
Against the backdrop of recent turmoil in the crypto market and with increasing regulatory scrutiny in this area, understanding the regulators’ approach to investigations and enforcement and how best to avoid the common pitfalls is even more of a priority.
In the latest webinar of our financial services crypto series, members of our global financial
Another sky-high settlement: Airline fined more than US$150m for FCPA violations
On September 15, 2022, the Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) announced that GOL Linhas Aéreas Inteligentes S.A. (GOL), an airline headquartered in São Paulo, Brazil, agreed to pay more than US$150m to resolve parallel investigations by criminal and civil authorities in
Return of the monitorship: SEC and DOJ settle US$84M FCPA claims and impose monitorship on medical waste services company
In October 2021, Deputy Attorney General Lisa Monaco announced revised US Department of Justice (DOJ) guidance on corporate monitorships, signaling a sharp change in the declining trend of the tool over the past few years. (NRF has previously examined the DOJ’s policy changes.) Recently, the DOJ and the US Securities and Exchange Commission (SEC) announced
Not Fair, But Not False
On January 27, 2022, the United States Court of Appeals for the Second Circuit acquitted two former traders, Matthew Connolly and Gavin Campbell Black, who had been convicted by a jury for wire fraud as well as conspiracy to commit bank and wire fraud in a scheme to manipulate the London Interbank Offered Rate (“LIBOR”).
US DOJ establishes a tip line to fight corruption in El Salvador, Guatemala and Honduras
The US DOJ establishes a tip line to fight corruption in El Salvador, Guatemala and Honduras.
Mobile data and investigations
Remote working has accelerated the merger of work and private data, particularly on mobile phones and instant messaging services such as WhatsApp.
While employees are performing their jobs, mobile access may be putting their employers at risk – because work-related communications on unapproved platforms are frequently not preserved in accordance with regulatory requirements (where applicable),
Post script: Airbus subsidiary pleads guilty to corruption offence
On 28 April 2021, Airbus’ UK subsidiary GPT Special Project Management Ltd (GPT) was convicted of corruption and sentenced to pay penalties of over £30m by the Crown Court in London.
This case preceded the wider investigation into Airbus culminating in its US$3.9 billion global deferred prosecution agreement in 2020 (see our previous article here
Regulation Tomorrow Podcast Episode 5 – out now
Episode 5 of the Regulation Podcast is out now. In our latest monthly offering, we look at ESG initiatives in Hong Kong with Etelka Bogardi, Albert Weatherill and Hannah Meakin provide an extended fintech update, including a look at the Khalifa Review in the UK; and Mayling Blanco from our New York office discusses recent