In June, July and August 2022, the SEC filed 127 actions and the CFTC filed 12, against a combined total of 290 defendants and respondents. (These figures exclude follow-on actions, bars…
FinCEN’s final rule, which goes into effect January 1, 2024, establishes the requirements for reporting companies to submit their beneficial ownership and company applicant information to…
The U.S. Treasury and Justice Department released regulatory and legislative recommendations and priorities to address illicit finance risks connected to the digital assets ecosystem,…
On September 15, 2022, Deputy Attorney General Lisa Monaco provided additional guidance around DOJ’s corporate criminal enforcement. In a speech and accompanying memorandum, the DAG…
Last week, the SEC announced charges against Tenaris for violating the FCPA. The resolution, which included a payment of $78 million, is yet another follow-on case involving the Brazilian…
On May 18, the U.S. Court of Appeals for the Fifth Circuit ruled that the SEC’s administrative proceedings are unconstitutional on three independent grounds. The decision could potentially…
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…
Davis Polk partners Dan Kahn and Tatiana Martins and counsel Jordan Leigh Smith have authored the “Best practices for conducting compliance risk assessments” chapter in the third edition of…
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.
