By Stuart Gittleman, Compliance Complete
NEW YORK, May 20 (Thomson Reuters Accelus) - Corruption, cyber threats and transnational organized crime – and the money laundering that greases the wheels of illicit commerce – are high on the list of law enforcement priorities, U.S. Attorney General Eric Holder told the House Judiciary Committee on Wednesday. (more…)
By Aruna Viswanatha and Brett Wolf
NEW YORK, Sept. 4 (Thomson Reuters Accelus) - The U.S. Department of Justice is shifting its sights to a new offensive in combating money laundering: bringing criminal charges against banks and other financial institutions for weak compliance systems that fail to catch illicit money flows.
Even while the department’s money-laundering unit is wrapping up a series of blockbuster cases involving sanctions-busting transactions routed through some of Europe’s biggest banks, it has set its sights on the next front. (more…)
