Corporations Stand to Benefit from an Adequate Procedures Defense

The Department of Justice (DOJ) has provided updated guidance for prosecutors evaluating corporate compliance programs’ adherence to Foreign Corrupt Practices Act (FCPA). “Okay,” you might be saying to yourself. “I know that already, the DOJ’s new guidance is very helpful.” 

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AML News Roundup: The Past 21 days in Corruption News

We have selected some of the AML news highlights from the past 21 days across the globe and condensed them into this short blog post.

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SEC, DOL Fiduciary rules may differ says SEC Chairwoman

During Tuesday’s subcommittee on Financial Services and General Government, republican lawmakers questioned Securities and Exchange Committee (SEC) chair Mary Joe White on how a rule from the SEC to create stricter retail investment advice standards might be affected or operate in conjunction with a similar rule from the Department of Labor (DOL). The committee expressed concern about whether requiring compliance of similar rules from separate agencies might cause confusion for investment firms.

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