Category: Regulation

Men In Black

The return of Preet Bharara and the men in black 3 Comments

Manhattan US Attorney Preet Bharara is back and more aggressive than ever and warned at an NYU event that there are “people who want to kill everyone in this room [...] In addition to all these people who for legitimate privacy reasons that all in good faith want to keep their messaging private […] There are also people who want to bring buildings down. There are people who want to destroy Ame...


Compliance Expert

Justice Department hires expert counsel to evaluate company compliance programs No Comments

This week, the U.S. Department of Justice (DOJ) announced the hiring of Hui Chen as a “full-time compliance expert”. In this role, Ms. Chen will be tasked with assessing the compliance programs of companies under DOJ investigation. This information will aid prosecutors weighing criminal charges of companies and individuals, including any remedial compliance measures. As you may recall, Ripple ...


Compliance

FinCEN releases SAR Stats. MSB results are not flattering. No Comments

Earlier this month, FinCEN released the latest edition of its SAR Stats publication, a compilation of quantitative and qualitative data gathered from SAR filings. The (overly and conspicuously) comprehensive 44-page report contained detailed analysis of SAR narratives, emerging trends among SAR filings, and highlights from within each of the financial sectors, including MSBs. Often overlooked, ...


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