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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

From Oz, a proposal to limit directors’ duties

The Age reported from Australia last week that the government may change existing laws to create a “safe harbor” to shield company directors from prosecution.

The Australian Institute of Company Directors (AICD) — “a group representing Australia’s most powerful boardrooms” — made a proposal “to water down the Corporations Act and ASIC Act,” the Age said.… Continue Reading

FinCEN moves against anonymous companies

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) wants to amend Bank Secrecy Act (BSA) regulations to stop the use of anonymous companies that FinCEN says are now used to launder criminal proceeds.… Continue Reading

Operation Fox Hunt: China chases missing mandarins

Chinese authorities have taken a series of measures recently to hunt corrupt officials who have fled overseas with their illicit assets.

China’s Public Security Ministry announced a six-month campaign dubbed “Fox Hunt 2014” in a bid to catch fugitives suspected of economic crimes.… Continue Reading

PEPs and EDD: Charlotte Hill on the FCA’s annual AML report

The UK’s Financial Conduct Authority issued its second anti-money laundering annual report in July, emphasizing obligation to prevent financial crime and enhance AML systems and controls in specific ways.

I spoke to Charlotte Hill, a partner in Covington Burling’s London office, and a former lawyer in the enforcement department of FCA’s predecessor, IMRO.… Continue Reading