Topic: Money Laundering

JD Supra Corporate Brief: Integrity Act, Irreparable Harm, Horton Ruling, Money Laundering

“I’m not a saint unless you think a saint is a sinner who keeps on trying.” — Nelson Mandela Ignoring the new requirements of the Integrity Act will come back to bite you… (Noa Baddish, Susan Friedfel, and Fredric Leffler at Proskauer Rose) No (irreparable) harm, no (trademark) foul… (Eric Ball, Sebastian Kaplan, and Jedediah… Read more »

JD Supra Corporate Brief: Caution on Boards, Fracking in Europe, EEOC in Court, Energy in California

Let the JD Supra Corporate Brief turn your Monday into “Funday:” In the face of market volatility and economic pressures, who can blame boards of directors for being cautious? (Cadwalader) The future of fracking in Europe is uncertain… (BakerHostetler) The shutdown is over – now what? (Mintz Levin) The gig is up for investment advisers… Read more »

JD Supra Corporate Brief: Leased Photocopiers, Zero Tolerance, Big Data, Elder Abuse

Plan to sneak out of the office a little early today? Better read the JD Supra Corporate Brief right now then: What’s a leased photocopier going for under the new HIPAA regime? About the same as a lost laptop… (Polsinelli) The SEC’s “Zero Tolerance” policy is paying off… (BakerHostetler) According to a recent survey, companies… Read more »

JD Supra Corporate Brief: Data Protection, Money Laundering, Undocumented Workers, Ponzi Schemes

A little perspective: on September 3, 1929, the Dow Jones industrial average closed at 381.17, its highest point before Black Tuesday… Will the EU’s data protection regulation ever see the light of day? (Wilson Sonsini) “OK, OK – we’ll give back the $47 million if you promise not to prosecute us for money laundering…” (Fuerst… Read more »

JD Supra Corporate Brief: Bribery Act, Dodd-Frank, FMLA Abuse, Penny Stocks

Expecting a busy week? Get your daily fix of business law news delivered straight to your inbox and you’ll have one less thing to worry about… Sign up here>> There’s a first time for everything: the Serious Fraud Office just charged three individuals with violating the UK Bribery Act… (Pillsbury) Has Dodd-Frank been worth it?… Read more »

JD Supra Corporate Brief: Proxy Litigation, Data Collection, Confidentiality Clause, Mobile Payments

On this day in 1701, the trading post at Fort Pontchartrain du Détroit was founded. Nearly 312 years later to the day, the city it became – Detroit, Michigan – filed the country’s largest municipal bankruptcy… What’s new in say-on-pay trends and proxy litigation? Quite a bit, actually… (Skadden) Protect your company’s information from a… Read more »

Getting Into the Virtual Currency Biz? Here’s How to Stay Legal…

“If your business involves creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies, you may be subject to FinCEN’s registration, reporting, and recordkeeping requirements.” (Pillsbury)   May 2013 was a watershed month for the virtual currency industry. For the first time in history, US law enforcement filed charges against two virtual currency exchange companies for… Read more »

On HSBC: What’s the Going Punishment for Laundering Drug Money?

What’s the going punishment for laundering drug money? If you’re one of the world’s largest banks, it’s about six weeks’ worth of earnings and no jail time for your executives. Not too bad for committing a felony, no? Iowa Senator Charles Grassley and the former Inspector General of the Treasury Department’s Troubled Assets Relief Program… Read more »

Feds Step Up Fight Against Medicare Fraud

Earlier this month, the federal Medicare Fraud Strike Force charged more than 100 people for their roles in an alleged $452 million false billing scheme. It was an important victory for authorities, and reflects the Obama administration’s increased efforts to combat fraud in the Medicare program. The latest arrests are part of broader effort to… Read more »

Anti-Corruption Update: Proposed New Laws in Canada and Brazil Bolster International Efforts

Companies doing business in Brazil or Canada (or both) will want to read two recent updates regarding proposed legislation that would give authorities additional tools and greater powers to fight corruption in those countries.  The first, from Osler, Hoskin & Harcourt LLP, provides an in-depth overview of proposed new laws that would strengthen Canada’s ability… Read more »