News and commentary about white-collar crime, enforcement, and compliance
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
Former U.S. Attorney for the Southern District of New York Preet Bharara (Image from YouTube)Preet Bharara gave the morning keynote at the second day of Compliance Week 2019. It was interesting because rather than a speech he did so with a one-hour Q&A format with Allen & Overy partner Gene Ingoglia facilitating the session through the role of the questioner.… Continue Reading
Emails are a great window into what people are thinking and doing. They tell us a lot about attitudes toward life, business, and compliance. I had my own encounter with emails before testifying as a government witness in the Africa Sting cases.… Continue Reading
Preet Bharara, U.S. attorney for the Southern District of New YorkLast week the DOJ charged four bankers from Honduras in a multi-year scheme to launder drug money and bribe foreign officials through accounts located in the United States.… Continue Reading
Peter Senese in a video from his YouTube channel.A Brooklyn man allegedly cheated parents of abducted children out of thousands of dollars by claiming to have a record of finding missing kids around the world.… Continue Reading
Paul Greenwood, former part owner of the New York Islanders (Image courtesy of ESPN)The former chief compliance officer of WG Trading Company won’t serve time in prison after she helped prosecutors jail the firm’s two partners for a $554 million fraud scheme.… Continue Reading
A federal judge in Manhattan Friday authorized the Internal Revenue Service to issue summonses requiring Federal Express Corporation, DHL Express, United Parcel Service, Inc. and others to produce information about U.S.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) imposed a $1 million civil penalty against the former chief compliance officer for MoneyGram International Inc.
Thomas E. Haider failed to ensure that his company complied with the anti-money laundering (AML) provisions of the Bank Secrecy Act, FinCEN said.… Continue Reading
Image courtesy of CommerzbankThe U.S. Attorney in Manhattan is investigating Germany’s Commerzbank AG for alleged violations of money-laundering laws, the Wall Street Journal reported Friday.
The story by Chris Matthews said the new investigation could block efforts by Commerzbank, Germany’s second biggest lender, to settle separate allegations that it violated U.S.… Continue Reading
Judge Jed Rakoff of the U.S. district court in New York on Wednesday ordered Bank of America to pay a $1.27 billion fine for fraud perpetrated by Countrywide Financial Corp., a mortgage company the bank acquired in 2008.… Continue Reading
Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas (Image courtesy of Euro Business Media via YouTube)French banking giant BNP Paribas agreed to plead guilty to criminal charges and pay an $8.9… Continue Reading
BNP Paribas’ headquarters in Paris; courtesy of WikipediaU.S. authorities are seeking more than $3.5 billion from BNP Paribas SA to resolve federal and state investigations into the bank’s dealings with sanctioned countries, including Sudan, Iran and Cuba.… Continue Reading
A China national used a web of overseas front companies and U.S. financial institutions to sell nuclear-weapons-related items to Iran in violation of trade sanctions, the DOJ said Tuesday.
“As alleged, Li Fangwei has used subterfuge and deceit to continue to evade U.S.… Continue Reading