It’s 5 p.m., and I’m celebrating. Not because a project was completed or the workday is over, but because I have just reviewed the ten-thousandth false positive in our company’s sanctions lists screening software.… Continue Reading
Goldman Sachs Group Inc. shattered our top ten list with a $3.3 billion FCPA settlement with the U.S. Department of Justice and Securities and Exchange Commission, sending it straight to number one.… Continue Reading
For compliance professionals and the programs they run, politically exposed persons are a big deal. PEPs trigger money laundering and corruption concerns and therefore attract enhanced due diligence. So, I always assumed PEPs are easy to identify.… Continue Reading
Fund manager Legg Mason, Inc. said Wednesday it expects a settlement soon of a Foreign Corrupt Practices Act investigation into a unit that managed money for the Libyan government.
The investigation concerns Permal Group’s Libya deals from 2005 to 2007.… Continue Reading
Employer: Société Générale
Location: New York, NY
Description: Responsibilities include, but are not limited to:
- Lead the implementation and management of the SGUS Anti-Bribery and Corruption Compliance Program based on a risk assessment of the Firm’s vulnerabilities and in collaboration with various stakeholders
- Implement best practices for Anti-Bribery and Corruption Program governance, policy development, risk assessment, oversight over anything of value (e.g.,
Documents leaked Sunday from a Panama law firm showed alleged use of anonymous shell companies by world leaders, politicians and others to shield billions of dollars from public view.
The DOJ said Friday that two banks, Bank Linth LLB AG and Bank Sparhafen Zurich AG, reached deals to resolve criminal charges for helping U.S. taxpayers evade taxes.
State and federal authorities have begun settlement talks with Commerzbank AG and Deutsche Bank over their alleged dealings with countries blacklisted by the United States.
Libya’s sovereign wealth fund has filed a $1.5 billion lawsuit against Société Générale S.A., accusing it of funnelling tens of millions in bribes to associates connected to former Libyan dictator Muammar Gaddafi.… Continue Reading
French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.
The U.S. Treasury and Justice Departments, the Manhattan district attorney’s office and the New York Department of Financial Services are conducting the investigations, the Wall Street Journal reported on Friday.… Continue Reading