Tags » Financial Crimes

The Ghost of Meyer Lansky? Cuba is Back in Business ! But Still Illegal To Have Fun... Analysis of OFAC's Regulations Released Today

“Don’t worry, don’t worry. Look at the Astors and the Vanderbilts, all those big society people. They were the worst thieves – and now look at them. 113 more words

Compliance

OFAC Focuses on Banks Detecting Persons & Entities on the International Black List With New Global Format

This new sanctions list format was jointly developed by the United Nations (U.N.) and the Wolfsberg Group of International Banks in an effort to create a universal sanctions list format that can be efficiently used by governments worldwide and enhances sanctions compliance.   110 more words

Compliance

Commission Proposes Limited, Though Significant, Amendments to Fraud Guidelines

As we previously noted, the U.S. Sentencing Commission has been considering changes to the Sentencing Guidelines for economic crimes. This deliberation over Section 2B1.1 stems, in part, from criticism from practitioners, judges, and scholars suggesting that “ 404 more words

Financial Crimes

Is HSBC a Bad Actor or Is Argentina About To Go Out of Business (Again)? 

See the full analysis at International Financial Law Prof Blog.

The Argentina Government has stopped HSBC Argentina from transferring money abroad, for 30 days.  See the Reuters and the Fox Latino articles linked at  95 more words

Compliance

Financial Regulation – Its Definition and Objectives

Regulation is a very important aspect in the financial industry. In a business where people deal directly with money, it is so easy for unscrupulous entrepreneurs to rip unsuspecting customers and investors off their cash. 436 more words