In this edition of the newsletter, we discuss enforcement developments at the agencies in April 2022. The SEC filed 34 actions and the CFTC filed three (excluding follow-on actions, bars…
The CFPB plans to use its authority to examine any company providing consumer financial products or services that the CFPB has “reasonable cause” to believe poses risks to consumers.
At a recent New York City Bar Association event, Deputy Attorney General Lisa Monaco emphasized the Department of Justice’s focus on sanctions evasion and export control violations as key…
In a pair of speeches last week, the Assistant Attorney General of DOJ’s Criminal Division emphasized its focus on compliance and announced that he has instructed his prosecutors to…
The U.S. Treasury Department’s latest national risk assessments highlight the most significant illicit finance risks in the United States financial system.
The SEC proposed new cybersecurity rules for investment advisers and investment companies that would require policies and procedures, annual reviews, reporting to the SEC, disclosures to…
A recent District of New Jersey ruling in the case involving alleged FCPA violations by two former Cognizant executives demonstrates the potential risks of government downloads. Judge Kevin…
Citing insufficient evidence, the Second Circuit last week reversed the fraud convictions of two bank traders for their roles in the LIBOR manipulation scandal. The case highlights…
FinCEN’s proposed rule establishes the framework for a limited-duration pilot program that would allow financial institutions to share suspicious activity reports with their foreign…
