Tags » Financial Crimes

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

FATF Means Financial Action Task Force

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

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Definition

Financial Crime Briefing: Strengthening Controls to Address Evolving Risk Trends

On Monday, January 26, Associations of Certified Anti-Money Laundering Specialists (hereon ACAMS) held its Third Annual AML Risk Management Conference at The Conrad Hotel in downtown New York. 340 more words

AML

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