U.S. Indicts Six Corporations and Executives for Money Laundering, Tax, and Securities Fraud |
On September 9, 2014, a multi-count indictment was unsealed in the U.S. District Court in Brooklyn New York, against six corporate entities and executives. The charges include conspiracy to commit... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Bahamas, Belize, Canada, United States |
Compliance, Financial Crimes, Financial Enforcement, Fraud, Indictment, Money Laundering, Securities Law, Tax Crimes |
Swiss Cooperation with French Over Investigation of Tax Fraud Involving Former French Football Star |
On August 19, 2014, the Swiss government published in the Federal Gazette a notice that it is cooperating with French tax authorities over an investigation of alleged tax fraud involving former... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
France, Switzerland |
Cross-Border Communication, Data Sharing, Evidence Sharing, Information Exchange, International Cooperation, OECD, Tax Crimes, Tax Enforcement, Taxation |
U.S. Appellate Court Upholds Dismissal of Kenya Whistleblower due to Foreign Sovereign Immunity |
On August 29, 2014, the United States Court of Appeals for the District of Columbia Circuit upheld the dismissal by the U.S. District Court of a lawsuit by a Kenyan whistleblower to enforce his... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Kenya |
Asylum, Jurisdiction, Lawsuits, Whistle-blowing |
SEC Imposes $2 Million Penalty on Smith & Wesson for FCPA Violations |
On July 28, 2014, the Securities and Exchange Commission charged Smith & Wesson Holding Corporation with violating the Foreign Corrupt Practices Act (FCPA) as a result of employees and... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Indonesia, Pakistan, Turkey, United States |
Bribery, Corruption, Foreign Corrupt Practices Act, Securities Exchange Commission |
U.S. Appellate Court Upholds Dismissal of Anti-Retaliation Provisions of Dodd-Frank Whistleblowing Provisions for Lack of Jurisdiction |
On August 14, 2014, a U.S. Court of Appeals for the Second Circuit upheld the dismissal of a complaint by a whistleblower Liu Meng-Lin against defendant Siemens AG, his former employer, alleging that... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
China, Taiwan, United States |
Administration of Justice, Disclosure, Foreign Corrupt Practices Act, International Crimes, Jurisdiction, Legislation, Regulation, Securities Exchange Commission, Standing, Whistle-blowing |
Karigar: Landmark Bribery Case in Canada |
Indian-born Nazir Karigar was a former security systems executive for CryptoMetrics Canada, a subsidiary of the U.S. company CryptoMetrics Corporation. In 2005, Karigar became aware of Air India’s... |
Peter Bowal and Caitlin The |
30 |
12 |
2014-12-01 |
Canada, India, United States |
Bribery, Cross-Border Communication, Financial Crimes, Penalties, Political Leaders, Sentencing, Transparency, Whistle-blowing, White Collar Crime |
European Union Reveals Future Perspectives for the Standing Committee on Internal Security (COSI) |
In July 2014, the European Union Presidency released its note on the future of the Standing Committee on Internal Security (COSI). |
Michael Plachta |
30 |
12 |
2014-12-01 |
European Union |
Criminal Procedure/Proceedings, Cross-Border Communication, EU Justice and Home Affairs Council, European Commission, European Union, Evidence Sharing, Information Exchange, International Cooperation, National Security |
New York Regulator Suspends Dollar Clearing for StanChart’s High-risk Clients |
On August 19, 2014, Benjamin M. Lawsky, Superintendent of Financial Services, announced an order concerning Standard Chartered Bank's ("SCB") failures to remediate anti-money laundering... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Hong Kong, United Arab Emirates, United States |
Adjective Enforcement, Bank Secrecy, Banking Supervision, Compliance, Financial Crimes, Financial Enforcement, Financial Supervision, Money Laundering |
UK-UAE Agreement Enables UK to Obtain First Recovery of Criminal Assets from UAE |
On August 21, 2014, the Crown Prosecution Service (CPS) announced that the new CPS Proceeds of Crime Service (CPSPOC) in London has obtained what is believed to be the first ever successful... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
United Arab Emirates, United Kingdom |
Asset Forfeiture, Asset Seizure, Cross-Border Communication, Freezing of Assets, International Cooperation, International Courts |
New York Regulator Sanctions PwC for Misconduct in Consulting Role |
On August 19, 2014, Benjamin M. Lawsky, Superintendent of Financial Services at the New York State Department of Financial Services (NYDFS), announced that PricewaterhouseCoopers (“PwC”) Regulatory... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Japan, United States |
Bank Secrecy, Banking Supervision, Compliance, Data Sharing, Financial Crimes, Financial Enforcement, Financial Supervision, Fraud |
U.K. Opens Consultations on New Criminal Offense for Offshore Tax Evasion and Strengthens Civil Deterrents for Offshore Tax Evasion |
On August 19, 2014, the Her Majesty’s Revenue and Customs (HMRC) announced the start of two consultations on offshore tax evasion: one is to adopt legislation on a new criminal offense and the second... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
United Kingdom |
Compliance, Disclosure, Economic Crimes, Financial Enforcement, Information Exchange, Legislation, Offshore Banking, Offshore trusts, Penalties, Tax Crimes, Tax Enforcement, Tax Havens, Taxation, Transparency |
New Indian Government Presses Swiss for Cooperation into Offshore Tax Evasion Investigation |
The Swiss government has denied preparing a list of tax evaders for the Indian government notwithstanding the establishment by India of a Special Investigations Team (SIT) and its public statements... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
India, Switzerland |
Offshore Banking, Tax Enforcement, Tax Havens |
U.S. Appellate Court Upholds Forfeiture of Undeclared Currency |
On August 21, 2014, the U.S. Court of Appeals for the 9th Circuit upheld a civil forfeiture of $132,245 by a U.S. district court for failure to report currency when crossing the U.S. border in... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Canada, United States |
Arrest, Asset Forfeiture, Border Security, Court Conviction, Fair Use, Federal Code |
Estonia Accuses Russia of Abducting A Counter-Intelligence Agent |
On September 5, 2014, the Estonian government called the Russian ambassador after Estonian officials accused Russia of seizing Eston Kohver, one of its counter-intelligence agents, at gunpoint by a... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Estonia, Russia |
Arrest, Criminal Procedure/Proceedings, Cross-Border Communication, Detention, Espionage, Intelligence, Kidnaping, Seizure, Sovereignty, Undercover Operations |
Law Enforcement Raids Los Angeles Fashion District to Stop Laundering by Mexican Cartels |
On September 10, approximately 1,000 federal law enforcement agents carried out a series of raids in 70 locations in the downtown Los Angeles fashion district to execute dozens of search warrants and... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Mexico, United States |
Arrest, Asset Seizure, Border Security, Drug Enforcement, Drugs & Trafficking, Gang Activity, Investigation, Money Laundering, Organized Crime, Seizure, Smuggle, Undercover Operations, Warrants |
Council of the European Union Announces the Joint Police Operation |
In July 2014, the Council of the European Union released its proposal for the Joint Police Operation, “Mos Maiorum”, prepared on the basis of the guidelines set out in the Guide for Joint Police... |
Michael Plachta |
30 |
12 |
2014-12-01 |
European Union, Italy |
Border Security, Council of the European Union, Counter-terrorism, Counterfeiting, Cross-Border Communication, Data Sharing, European Union, Evidence Gathering, Evidence Sharing, False Papers, Human Trafficking, Immigration, Information Exchange, International Cooperation |
European Commission Releases its Report on the Terrorist Finance Tracking Program (TFTP) |
In August 2014, the European Commission released its report on the joint review on the implementation of the Agreement between the European Union and the United States of America on the processing... |
Michael Plachta |
30 |
12 |
2014-12-01 |
European Union |
Confidentiality, Counter-terrorism, Cross-Border Communication, Data Sharing, European Commission, European Union, Evidence Gathering, Evidence Sharing, Information Exchange, International Cooperation, National Security, Terrorism |
U.S. Removes to Mexico Person Wanted for Murder of Police Officer |
On August 19, 2014, officers with the U.S. Immigration and Customs Enforcement’s (ICE) Enforcement and Removal Operations (ERO) removed Flavio Camacho Hernandez, 39, a Mexican national wanted in... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Mexico, United States |
Criminal Procedure/Proceedings, Detention, Extradition, Fugitive, Murder |
African Union Adopts Convention on Cyber Security |
In June, leaders in the AU, a group of 54 African governments launched in 2002, met at the 23rd African Union Summit and approved the African Union Convention on Cyber Security and Personal Data... |
Michael Plachta |
30 |
12 |
2014-12-01 |
Africa |
Cybercrime, Data Privacy, International Convention, International Cooperation |
FinCEN Takes Sec. 311 Measures against FBME Bank |
On July 17, 2014, the Financial Crimes Enforcement Network (FinCEN) announced that it named FBME Bank Ltd., formerly known as the Federal Bank of the Middle East, as a foreign financial institution... |
Bruce Zagaris |
30 |
12 |
2014-12-01 |
Cyprus, United States, tanzania |
Asset Forfeiture, Asset Seizure, Bank Secrecy, Banking Supervision, Financial Crimes, Financial Enforcement, Financial Supervision, Freezing of Assets, International Banking Supervision, Money Laundering, Offshore Banking |