By Dylan Tokar | October 14th, 2015

Following the principles laid out in the Department of Justice’s internal memo on prosecuting culpable individuals could lead companies to run afoul of the UK’s Serious Fraud Office, said Adam Safwat, a former deputy chief in the Justice Department’s criminal fraud section, at the ABA’s Fourth Annual White Collar Crime Institute in London on Oct. 13.

By Marieke Breijer | October 13th, 2015

Speaking at the ABA Fourth International White Collar Crime Institute, HSBC monitor Michael Cherkasky said allowing a monitor to do the job in private creates a level of trust and allows a monitor’s work to be more effective.

By Mary Jacoby | October 13th, 2015

Despite its partial victory against a process that Chinese officials have called a pretext for checking Chinese business expansion in America, Nova Daly of Wiley Rein LLP and David N. Fagan of Covington & Burling LLP say the Ralls Corp. litigation is unique and won’t likely spur new challenges.

By Josh Kovensky | October 9th, 2015

Charles Hill’s appeal to the Securities and Exchange Commission’s administrative law system will be heard alongside that of Gray Financial.

By Josh Kovensky | October 9th, 2015

U.S. District Judge Gerald Bruce Lee for the Eastern District of Virginia imposed the sentence on the 69-year-old, saying, “bribery is not how we do business in America” at the Oct. 9 hearing.

By Josh Kovensky | October 8th, 2015

Cobalt argues that shareholders pursuing a class action lawsuit against the company have used “questionable source material” to “weave a fantastical tale of company-wide deceit and conspiracy.”

By Marisa Iati | October 8th, 2015

The SEC’s motion for partial summary judgment and the former executives’ motion for summary judgment outline competing arguments about the SEC’s standing to bring a case and on the statute of limitations on the accusations.

By Dylan Tokar | October 7th, 2015

John W. Ashe, who served as an ambassador to the U.N. for Antigua and Barbuda, accepted bribes from five businesspeople, including Chinese real estate mogul Ng Lap Seng, according to a complaint unsealed in the Southern District of New York on Tuesday, Oct. 6.

By Josh Kovensky | October 7th, 2015

Former IAP Worldwide Vice President James Rama should receive a sentence of probation, along with potential home confinement, defense attorneys argued in an Oct. 5 sentencing position.

By Josh Kovensky | October 6th, 2015

The court denied hedge fund manager George Jarkesy’s bid to halt the administrative proceedings against him, concurring with a federal district court ruling that he had to go through the appeals process as outlined in the securities laws.

By Josh Kovensky | October 6th, 2015

Arguing that Rama’s cooperation and age constitute significant arguments in favor of leniency, federal prosecutors asked District Judge Gerald Bruce Lee for the Eastern District of Virginia to deliver a sentence far below the 57 to 60 month range that Rama currently faces.

By Dylan Tokar | October 6th, 2015

The agency will vote on a finalized rule by June 27, 2016, according to a court filing on Oct. 2.

By Dylan Tokar | October 5th, 2015

The charges against the New York-based pharmaceutical company were brought by the U.S. Securities and Exchange Commission under the FCPA’s books and records and internal controls provisions.

By Josh Kovensky | October 5th, 2015

UK bank HSBC Group continues to struggle with improving key areas of its anti-money laundering and sanctions compliance programs, the Justice Department said in a report.

By Dylan Tokar | October 5th, 2015

The U.S. Securities and Exchange Commission and Department of Justice are investigating the Toronto-based Kinross Gold Corp. following allegations of bribery at its operations in West Africa.

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