Topic: Bank Secrecy Act

JD Supra Corporate Brief: Medicare Fraud, Cybersecurity Developments, Transfer Pricing, Export Compliance

Hey, Florida: welcome to the club! On this day in 1845, Florida became the 27th state in the Union. The feds estimate that $6 billion of Medicare payments each year are improper. And they’re going after the offenders… (Simi Botic and Thomas Hess at Dinsmore & Shohl) February was a busy month in privacy and cybersecurity…… Read more »

Feds To Banks: We Probably Won’t Bother You For Taking Marijuana Money…

“Although the guidance pursued an admirable goal, it fell remarkably short.” (Steven Eichorn) Earlier this month, the Financial Crimes Enforcement Network (FinCEN) and the Department of Justice issued guidance intended to clarify the rules for banks that wish to provide financial services to legal marijuana businesses. The background, from attorneys Jay Baris and Oliver Ireland… Read more »

JD Supra Corporate Brief: SEC Priorities, Cybersecurity Lawsuits, H-1B Petitions, Knowledgeable Employees

On February 26, 1995, the UK’s oldest investment bank, Barings Bank, collapses when broker Nick Leeson loses $1.4 billion by speculating on the Singapore International Monetary Exchange. When the SEC Speaks, you should listen: highlights from the 2014 SEC Speaks Conference… (Perkins Coie) Will the Cybersecurity Framework open the door to a new wave of… Read more »

JD Supra Corporate Brief: Marijuana Industry Banks, Moldy Washing Machines, Deferred Prosecution Agreements, Foreign Sanctions Evaders

Go ahead, sign up for email delivery of the JD Supra Corporate Brief. It is Tuesday, after all… The bottom line? Banks should think twice before doing business with a marijuana-related business… (Jay Baris and Oliver Ireland at Morrison & Foerster) Injury or no injury, consumers are free to join class action lawsuits against Whirlpool… Read more »

JD Supra Corporate Brief: Proxy Guidance, Whistleblower Tips, Legalized Marijuana, DOL Investigations

Email delivery of the JD Supra Corporate Brief is the new black. It’s that time of the year again. And this 230-page guide has everything you need for a successful proxy season… (Morrison & Foerster) Employers should consider specialized insurance for responding to the dramatic increase in wage and hour lawsuits… (Kami Quinn and Jason… Read more »

JD Supra Corporate Brief: JPMorgan Fine, Volcker Rule, Computer Fraud, Nondiscrimination Tests

Pity the lowly Thursday, sandwiched between Hump Day and TGIF, the day everyone wants to get through so they can start the weekend. But Thursday it is – until tomorrow at least – and that means another JD Supra Corporate Brief: JPMorgan has agreed to pay more than $2 billion for its role in Bernie… Read more »

JD Supra Corporate Brief: IRS Guidance, Shareholder Requests, Recess Appointments, Bank Secrecy

The bad news: It’s Monday. The good news: The JD Supra Corporate Brief is here. The legal news: below… The Supreme Court likes arbitration. A lot (Pepper Hamilton) This overview of new IRS guidance on “minimum value, affordability, and wellness programs” under Obamacare is a must-read for all employers (Mintz Levin) How to respond to… Read more »