The Financial Crimes Enforcement Network (FinCEN) issued an Advisory to U.S. financial institutions reminding them to take risk-based steps to track the potential movement of assets related to Viktor Yanukovych and his former administration.… Continue Reading
Norway’s anti-corruption agency has filed criminal charges against defense and technology firm Kongsberg Gruppen, the company said Tuesday.
The charges are related to deliveries of communication equipment to Romania from 1999 to 2008, the company said.… Continue Reading
The High Court in London dismissed a civil damages claim last week against Bernie Ecclestone, the chief executive officer of Formula 1, arising from a sale of shares in the Formula 1 Group.… Continue Reading
Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 7)
In this seventh of an eight-part series on “parental controls,” we continue our discussion from the prior post on controls extended to more actively managed subsidiaries. We also tackle franchise compliance.… Continue Reading
Three men pleaded guilty in federal court in New York City Monday for a check-cashing scheme designed to evade anti-money laundering reporting requirements.
Robert Petrosyants and his twin brother Zhan, both of Fort Lee, New Jersey, admitted to conspiring to violate the Bank Secrecy Act for filing false Currency Transaction Reports (CTRs) for cash transactions of more than $10,000.… Continue Reading