The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an advisory Thursday to help financial institutions detect and report suspicious activity that could be related to human smuggling or human trafficking.… Continue Reading
Minnesota-based Image Sensing Systems said the DOJ has “closed its inquiry” into potential Foreign Corrupt Practices Act violations and the SEC has also closed its investigation.
The company said last week the DOJ decision not to bring an enforcement action cited its “voluntary disclosure, thorough investigation, cooperation and voluntary enhancements to its compliance program.”… Continue Reading
Norm Champ, the director of the SEC’s division of investment management, was in New York City Thursday. He spoke to the Practising Law Institute’s annual hedge fund management seminar.
The 2010 Dodd-Frank Act directed the SEC to make rules “designed to enhance the oversight of private fund advisers, including registration of advisers to hedge funds, private equity funds, and other private funds that were previously exempt from SEC registration.” … Continue Reading
China’s anti-graft authorities have launched investigations of 50 executives at state-owned FAW Group Corp, one of the country’s Big Four automakers and a partner of Volkswagen AG, sources said.
The latest target of prosecutors in Jilin province, where FAW is headquartered, is the group’s former deputy general manager An Dewu.… Continue Reading