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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

Deferred Prosecution Agreements in the UK: Worthy of their price?

After Monday, deferred prosecution agreements (DPAs) will be available to the UK Serious Fraud Office (SFO) in its fight of financial crimes, including corruption. 

The SFO has stated that, although DPAs will be “a welcome addition to the prosecutor’s toolkit…,” its “preferred option” remains prosecution. 

SFO Director David Green QC emphasized that organizations will have a high bar to reach to receive an offer of a DPA from the SFO.… Continue Reading

JPMorgan will pay over $2 billion to settle Madoff charges

JPMorgan Chase & Co. will pay more than $2 billion of penalties to pay federal prosecutors and regulators for failing to report suspicious activity involving Bernard Madoff’s Ponzi scheme.

The $2 billion amount is the largest amount a bank has had to pay to resolve anti-money laundering violations.… Continue Reading

More details coming about UK deferred prosecution agreements

The UK Solicitor General is publishing a Draft Code for Crown Prosecutors Thursday that’s expected to contain further details about deferred prosecution agreements in the UK.

When the legislation comes into effect — most probably in early 2014 — it’s likely to increase the likelihood of global settlements in multi-jurisdictional cases involving fraud, corruption, or money laundering.… Continue Reading

For corporate defendants, there will (probably) be blood

Some members of Congress are evidently concerned that corporate defendants are getting off the hook. Too many deferred- and non-prosecution agreements, and not enough criminal indictments.

So acting assistant AG Mythili Raman, who’s now heading the DOJ’s criminal division, testified Wednesday before the U.S.… Continue Reading

DPAs – A new prosecution tool or a blunt instrument?

When Edward Garnier Q.C M.P was unceremoniously and, in my view, wrongly fired by David Cameron in September, Dominic Grieve, the Attorney General said of him:

“I also wish to pay tribute to the outgoing Solicitor General, Edward Garnier QC MP, whose stalwart support and wise counsel have been invaluable to me over the past two years.… Continue Reading

U.K. anti-corruption enforcement threatened by budget cuts

After the fanfare of the U.K.’s Bribery Act 2010, which was predicted to bring about a significant upswing in national and global anti-corruption enforcement, the Government has proceeded to cut the budget of the Serious Fraud Office (SFO), the main enforcement agency, from £50 million in 2008/9 to below £30 million for 2013/14.… Continue Reading