Search Results (192)
Documents on Criminal Law, Banking & Financial Services
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|Taking the Fifth - A quick reference|
Law Offices of Charles M. Farano;
July 15, 2014, previously published by Charles M Farano on July 2014Taking the fifth can be more than it seems.
|Legal Implications of Accepting Bitcoin as Payment|
Rahim Esmail, Terry Gao, Emily MacKinnon; McCarthy Tétrault LLP;
March 6, 2014, previously published on March 3, 2014The number of Canadian businesses accepting virtual currencies as a form of payment is growing. Bitcoin is emerging as the most popular of these new currencies - none of which are subject to a central authority. Governments, including Canada’s federal government, are starting to take note,...
|Effective Anti-Money Laundering Policies: Essential for All Financial Institutions|
Stephen G. Huggard, Haley Morrisson; Edwards Wildman Palmer LLP;
February 24, 2014, previously published on February 19, 2014More than ever before, financial institutions must have effective anti-money laundering policies. In his recent speech to the Association of Certified Anti-Money Laundering Specialists, U.S. Attorney for the Southern District of New York Preet Bharara emphasized that enforcing the Bank Secrecy Act...
|Bank Secrecy Act and Anti-Money Laundering Programs Continue to Result in Significant Penalties|
Stephen F. Donahoe, Erich M. Hellmold, Aaron M. Kaslow, Michael A. Mancusi, Kevin M. Toomey; Kilpatrick Townsend & Stockton LLP;
February 20, 2014, previously published on February 19, 2014 Bank Secrecy Act (“BSA”) compliance, and in particular anti-money laundering (“AML”) controls, remains a focus of regulators as evidenced by record fines levied in recent weeks. On February 7, 2014, the Financial Industry Regulatory Authority, Inc. (“FINRA”)...
|FinCEN Promotes Use of Section 314(b) Safe Harbor to Fight Money Laundering and Terrorist Financing|
Christina N. Davilas; Bingham McCutchen LLP;
November 20, 2013, previously published on November 15, 2013On October 31, 2013, the Financial Crimes Enforcement Network (“FinCEN”) issued a fact sheet on Section 314(b) of the Patriot Act (the “Fact Sheet”). In the Fact Sheet, FinCEN “strongly encourages information sharing” among financial institutions through Section...
|FinCEN Issues Guidance on FATF’s Designation of Jurisdictions With AML/CFT Deficiencies|
Christina N. Davilas; Bingham McCutchen LLP;
September 30, 2013, previously published on September 27, 2013On September 17, 2013, the Financial Crimes Enforcement Network (“FinCEN”) published an Advisory concerning recent updates by the Financial Action Task Force (“FATF”) to its designation of jurisdictions with strategic anti-money laundering/counter-terrorist financing...
|Extraterritorial Application of Criminal Securities Fraud Liability: Second Circuit Extends Morrison v. National Australia Bank Ltd. to Criminal Cases; Rules that Section 10(b) Does Not Reach Fraud Committed Abroad Involving Non-U.S. Listed Securities|
Sullivan Cromwell LLP;
September 13, 2013, previously published on September 11, 2013On August 30, 2013, the Second Circuit answered a question left open in the Supreme Court’s landmark decision in Morrison v. National Australia Bank Ltd., 130 S. Ct. 2869 (2010): do the limits imposed in Morrison on extraterritorial civil liability encompass criminal and SEC enforcement...
|A Fraud is a Fraud|
Gordon Feinblatt LLC;
July 17, 2013, previously published on July 11, 2013VanSickle v. K Bank, No. 1613, Sept. Term 2010 (Md. Court of Special Appeals, Feb. 28, 2012), was decided under the Maryland version of the Uniform Fraudulent Conveyances Act (“MUFCA”). It is long and well-reasoned, and in view of the paucity of decisions under the Maryland Act, it is...
|CFPB Investigation Leads to First Criminal Referral to DOJ|
Michael L. Mallow, Michael A. Thurman; Loeb & Loeb LLP;
May 27, 2013, previously published on May 2013Following the Consumer Financial Protection Bureau's investigation into the alleged fraudulent practices of a debt relief company, the CFPB and the U.S. Attorney's Office for the Southern District of New York announced the criminal indictment against the company, Mission Settlement Agency, and six...
|Filer Beware - the Growth of Fraudulent Tax Returns|
Edward H. Brown; Burr & Forman LLP;
March 21, 2013, previously published on March 2013The filing of fraudulent tax returns resulting from identity theft is a growing business in America. If it wasn't bad enough that the criminals would try to get money out of your bank or use the information to purchase goods on your account, they now want your tax refund! Treasury tells us that for...