by Jyotsna Bucktowar | Nov 29, 2023 | News
U.S DOJ settles with 2 British Reinsurance brokers over Ecuador bribes. Tysers Insurance Brokers Limited and H.W. Wood Limited have agreed to resolve investigations by the Justice Department into violations of the FCPA arising from Tysers’ and H.W. Wood’s...
by Jyotsna Bucktowar | Nov 21, 2023 | News
U.S. Treasury announces largest settlements in history with world’s largest virtual currency exchange Binance for violations of U.S. AML and Sanctions Laws. FinCEN’s settlement agreement assesses a civil money penalty of $3.4 billion, imposes a five-year monitorship,...
by Jyotsna Bucktowar | Nov 20, 2023 | News
FATF issues report on illicit financial flows drawing from cyber-fraud – the research shows funds are being laundered faster than ever across multiple jurisdictions and sectors, leaving a trail of victims. It also analyses how the cyber fraud...
by Jyotsna Bucktowar | Nov 19, 2023 | News
SEC announces Enforcement Results for Fiscal Year 2023 – It filed 784 total enforcement actions in fiscal year 2023, a 3% increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the...
by Jyotsna Bucktowar | Nov 18, 2023 | News
SFO secures conviction of solicitor for tipping off client about money laundering investigation. The latter disclosed confidential details about an investigation and forged a legal document in an attempt to mislead investigators. Solicitors are…
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