Tags » Financial Crimes

Deutsche Bank's Pleads Guilty, Pay $2.519 billion in Penalties & Disgorgement, for Manipulating LIBOR

read the full story on International Financial Law Prof Blog.

A wholly owned subsidiary of Deutsche Bank AG (Deutsche Bank) has agreed to plead guilty to wire fraud for its role in manipulating the London Interbank Offered Rate (LIBOR), a leading benchmark interest rate used in financial products and transactions around the world.  127 more words

Financial Crimes

Hydro phone scam is hitting Windsor, police warn

Be very careful if you get a phone call from a hydro company demanding payment — the person on the other end of the line could be a scammer. 292 more words

News

Holding Financial Institutions Accountable for Fraud

International Financial Law Prof Blog

Two recent cases show fraudsters have become more sophisticated.  It used to be that fraud schemes depended on the willingness of unwitting consumers to hand over their hard-earned savings in person or through the mail.  59 more words

Financial Crimes

Is HSBC Complying With its Non Prosecution Agreement? Outside Monitor Report is Critical!

Is HSBC Complying With its Non Prosecution Agreement?  There is much reference within news articles to the 1,000 page report of the outside monitor, former New York prosecutor Michael Cherkasky, and summary letter by Justice.   124 more words

Compliance

One of the 10 Largest Swiss Private Banks Enters Into Non-Prosecution Agreement with DOJ

DOJ announced that BSI SA, one of the 10 largest private banks in Switzerland, is the first bank to reach a resolution under the Department of Justice’s  122 more words

FATCA

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