FCPA enforcement has waxed and waned during Eric Holder’s six-year tenure as U.S. Attorney General. But that’s not the whole picture. During the same time, global anti-corruption enforcement has picked up speed and is more robust today than ever.… Continue Reading
Eric Holder Jr. announced his resignation as U.S. attorney general Thursday. His nearly six years in office have seen him deal with everything from trials for terrorists to the ongoing protests in Ferguson, Missouri, to enforcement actions such as the whopping $8.9 billion levied against BNP Paribas for transferring billions of dollars on behalf of several countries blacklisted by the United States.… Continue Reading
French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9 billion penalty for transferring billions of dollars on behalf of blacklisted Sudan, Iran and Cuba, U.S.… Continue Reading
After a multi-year investigation into Credit Suisse’s use of illegal offshore bank accounts, the DOJ Monday announced the bank’s guilty plea and the largest-ever monetary penalty in a criminal tax case.… Continue Reading
U.S. Attorney General Eric Holder spoke at the Ukraine Forum on Asset Recovery on Tuesday in London, unveiling a new Kleptocracy squad within the FBI that will investigate and prosecute corruption cases in Ukraine and around the world.… Continue Reading
Acting Assistant Attorney General Mythili Raman of the Department of Justice’s Criminal Division announced on Wednesday that she is leaving the agency, effective March 21, 2014.
Under her leadership for the past year, the Criminal Division charged or convicted more than a dozen individuals for FCPA-related violations, and secured three of the ten of the biggest corporate FCPA resolutions ever involving a unit of Alcoa, France’s Total SA, and Weatherford International.… Continue Reading
The Department of Justice revised its procedures for obtaining documents from media outlets regarding leaks of classified material, promising to notify journalists beforehand of any requests for the documents.
The DOJ’s new regulations, published late Friday, make it manadatory that the agency provide notice of any impending demand for such documents, unless circumstances require otherwise.… Continue Reading
In the New York Review of Books, Jed S. Rakoff, U.S. District Judge for the Southern District of New York, wonders why the high-level executives who brought us to the brink of collapse in the recent financial crisis have escaped prosecution.… Continue Reading