Tags » Financial Crimes

U.S. Praises Cuba’s Record on Narcotics Trafficking

On this March1st the U.S. Department of State released its annual “International Narcotics Control Strategy Report” covering the year 2014. [1]

The Report’s discussion of Cuba is overwhelmingly positive. 357 more words

Law

Windsor bookkeeper accused of defrauding employer of more than $400,000

A Windsor woman already facing fraud charges has been accused of stealing more than $400,000 from another company where she worked as a bookkeeper.

The latest charges against Nada Khalaf, 56, are one count of fraud over $5,000 and one count of uttering forged documents. 162 more words

News

this week's financial crimes headlines

Banca Privada d’Andorra Money Laundering Billions for Corruption and Human Traffickers?

FinCEN’s action also describes the activity of a second high–level manager at BPA in Andorra who accepted exorbitant commissions to process transactions related to Venezuelan third–party money launderers. 223 more words

Financial Crimes

Commerzbank Admits to Sanctions and Money Laundering Violations, Will Pay $1.45 Billion Penalties! 

“If for whatever reason CB New York inquires why our turnover has increase[d] so dramatically, under no circumstances may anyone mention that there is a connection to the clearing of Iranian banks!!!!!!!!!!!!!.”   28 more words

Compliance

Former First Lady of Virginia Sentenced: Did Husband’s “Throw Momma Off the Train” Approach Work?

Readers of the White Collar Alert know that we have been closely following the downward spiral of former Virginia Governor Bob McDonnell and his wife Maureen McDonnell after their ill-fated relationship with Virginia businessman, Jonnie R. 485 more words

Financial Crimes

OFAC Means Office of Foreign Assets Control

OFAC is an office within the Terrorism and Financial Intelligence Office at the US Department of the Treasury.

The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement organization of the U.S.

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Definition

Landmark $1.375 Billion Settlement in S&P Case Highlights DOJ’s FIRREA Civil Enforcement

Just two years after the ink dried on the Department of Justice’s civil complaint against McGraw-Hill Financial, Inc. and its wholly owned subsidiary Standard and Poor’s Financial Services LLC and almost a decade after S&P was alleged to have misled investors by promoting all-star grades of residential-mortgage bonds as independent and objective, S&P settled prosecutions being conducted by the DOJ, the District of Columbia, and nineteen states for over $1.375 billion, the largest record settlement involving a credit rating firm in history. 422 more words

Financial Crimes