Searching Content indexed under Money Laundering by McGuireWoods LLP ordered by Published Date Descending.
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FinCEN Announces Caesars Penalty After Multiyear Investigation
This week the Financial Crimes Enforcement Network (FinCEN) announced a Consent Agreement that imposed an $8 million civil penalty against Desert Palace, Inc. d/b/a Caesars Palace.
United States
17 Sep 2015
SEC And FinCEN Delivering One-Two Punch To Private Equity
For affected private equity funds, now is the time to plan for what appears to be inevitable: increasingly rigorous compliance expectations from numerous federal regulators, across a variety of interrelated topic areas.
United States
15 Sep 2015
Brackett, Menges And Rowan Co-Author Article On Issues Tied To Credit Agreements
Just Anti-Corruption, a respected publication specializing in FCPA developments, published an article "Compliance Concerns Complicate Credit Agreements".
United States
14 Sep 2015
FinCEN Proposes Rule Requiring Investment Advisor AML Compliance
Investment advisors may soon face increased costs and scrutiny thanks to a proposed rule issued by the Financial Crimes Enforcement Network (FinCEN).
United States
28 Aug 2015
Rowan, Hanna Pen Cautionary Article On Money Laundering And Casinos For Law360
The piece was the top offering Monday in the "Expert Analysis" column on Law360-White Collar.
United States
17 Aug 2015
FinCEN Reasserts Its Commitment To Casino Oversight And Enforcement
In a recent post we described a number of steps taken over the last year by the primary federal regulator for casinos – the Financial Crimes Enforcement Network (FinCEN)...
United States
7 Jul 2015
AML Compliance Developments In The Gaming Industry
Executives of regulated entities often lament that fulfilling compliance obligations interferes with their ability to operate their business.
United States
29 Apr 2015
FinCEN Issues Notice Of Proposed Rulemaking On Andorran Bank As "Primary Money Laundering Concern"
The proposed rule seeks to prohibit covered financial institutions from establishing, maintaining, administering, or managing in the U.S. any correspondent account for or on behalf of BPA.
United States
22 Mar 2015
Mind The Red Flags – FinCEN Issues Penalty For Failure To File SARs On Director’s Suspicious Activity
The U.S. Treasury Department’s Financial Crimes Enforcement Network recently penalized First National Community Bank $1.5 million for failing to file suspicious activity reports despite the existence of significant red flags.
United States
6 Mar 2015
Ethical Business Conduct: An Enforcement Perspective
At a recent seminar held at the offices of PwC, the Director of the Serious Fraud Office, David Green CB QC, made an important speech in relation to the role of the SFO.
26 Mar 2014
Making Bankers Accountable
Section 7 of the Bribery Act 2010 has not yet been deployed in anger. This is the section that makes it an offence for a commercial organization to fail to prevent bribery.
3 Mar 2014
European Business Law Update: Spring 2010
Following its signature by the Czech Republic, which was the last EU Member State to sign the document into law, the Lisbon Treaty entered into force Dec. 1, 2009.
European Union
26 Apr 2010
Anti-Money Laundering Compliance: SAR Filings Show Increases For Suspected Check Fraud
On January 22, 2010, the Financial Crimes Enforcement Network (FinCEN) reported that filings of Suspicious Activity Reports (SARs) during the first six months of 2009 for check fraud increased for all of the industries required to file SARs under the Bank Secrecy Act (BSA), as compared to the first six months of 2008.
United States
2 Feb 2010
OECD Seeks To Ice Grease Payments
In an announcement this week, the Organization for Economic Cooperation and Development (OECD) took a strong stance against so-called "facilitation" or "grease" payments allowed under anticorruption laws such as the U.S. Foreign Corrupt Practices Act (FCPA), but outlawed in most countries.
United States
22 Dec 2009
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