After reviewing several articles including the recent FCPA Blog post, “Alleged Och Ziff Africa ‘fixer’ arrested for FCPA offenses,” my focus immediately shifted to due diligence procedures. Specifically, I thought about the risk profile of Samuel Mebiame. … Continue Reading
Posts Tagged: Turks and Caicos
An American investment advisor based in the Cayman Islands was sentenced by a federal court in Virginia Friday to 30 months in prison for a money-laundering conspiracy, the DOJ and Internal Revenue Service (IRS) said.… Continue Reading
A DOJ and IRS sting resulted in the arrests of two Caribbean-based bankers — an American and a Canadian — and their Canadian lawyer for conspiracy to launder money and hide the identities and assets of U.S.… Continue Reading
Luxury resort operator Sandals will pay $12 million to the government of the Turks and Caicos to resolve an investigation into bribery and money laundering.
The spa company’s cooperation with U.S.… Continue Reading
Among Transparency International’s good works are its country reports, called national integrity system (NIS) assessments. TI has published more than 70 since 1991.
A scoring system measures the integrity of a country’s institutions, both public and private.… Continue Reading
Great words from Ellen Podgor at the White Collar Crime Prof Blog (here). They’re about Attorney General Eric Holder’s decision this week to drop the prosecution of former Senator Ted Stevens: This dismissal is monumental in terms of sending a message that this justice department will be very different.… Continue Reading