Author Archives: Site Administrator
5 Takeaways From The ‘New’ FCPA Corporate Charging Policy
A new policy guiding when corporations can avoid criminal charges under the Foreign Corrupt Practices Act for bribing foreign officials formalizes what had been a U.S. Department of Justice experiment and gives some amount of certainty for companies, experts say. The FCPA corporate enforcement policy that Deputy Attorney General Rod Rosenstein announced on Wednesday… Read More »
The FCPA Corporate Enforcement Policy in Action-Part II
How should a compliance practitioner use the information from these three Foreign Corrupt Practices Act (FCPA) enforcement actions going forward? Do the differing results in these three enforcement actions (Dun & Bradstreet [D&B], Panasonic Avionics [PAC] and Credit Suisse [CSAG] & [CSHK]) assist a company in incentivizing self-disclosure? Do they even come into the… Read More »
The FCPA Corporate Enforcement Policy in Action-Part I
We had three major Foreign Corrupt Practices Act (FCPA) cases resolved in Q2 2018. They all reached different resolutions under the new FCPA Corporate Enforcement Policy and the new anti-piling on policy. I thought it might be interesting to review the matters and consider what differences led to the results under the new Department… Read More »
IRS-CI Joins International Effort To Fight Tax, Cryptocurrency And Financial Crimes
Realizing that more work is needed to combat global crimes, leaders of tax enforcement authorities from five nations announced that they have created a united operational alliance, the Joint Chiefs of Global Tax Enforcement, known as the J5. The J5 consists of criminal intelligence communities from Australia, Canada, the Netherlands, the United Kingdom and… Read More »
Crypto Crime In 2018 By The Numbers
One of cryptocurrency’s biggest selling points up to this point has been its anonymous nature, but that anonymity has given cryptos a bit of a nefarious reputation. While the cryptocurrency market has been subject to a wave of new regulations in 2018, a new report from CipherTrace indicates cryptocurrency-related criminal activity has exploded as… Read More »
Congressman: ‘Prohibit US Persons From Buying Or Mining Cryptocurrencies’; Crypto World Erupts
In his opening remarks at the Subcommittee on Monetary Policy and Trade (Committee on Financial Services) Hearing: ‘The Future of Money: Digital Currency’ on July 18, 2018, Congressman Brad Sherman (D-CA) called for the prohibition of both buying and mining cryptocurrencies (crypto) for all US citizens. With this statement, he turned over the cryptocurrency… Read More »
Those threatening scam IRS phone calls? Somebody’s going to jail for them
A Davie woman was convicted last week for her part in an IRS phone call scam, a popular con game over the past few years that tries to sucker people into sending money to scammers. Amy Ahrens wasn’t the phone voice that claims to be from the IRS and threatening the person being called… Read More »
IRS Teams Up With Other Nations To Attack Cryptocurrency Tax Crimes
The IRS and four other countries have created a task force to investigate cryptocurrency crime, including tax fraud and money laundering. U.S. tax authorities will work with those from Australia, Canada, the U.K. and the Netherlands to counter “the growing threat” from cryptocurrencies. Known as the Joint Chiefs of Tax Enforcement, or J5, the… Read More »
Crypto Crime Is a Focus of Trump’s New Task Force on Consumer Fraud
In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. The inclusion of virtual tokens — along with traditional crimes like money laundering and investment schemes targeting the elderly — as… Read More »
U.S. charges 601 people in healthcare fraud, opioid crackdown
(Reuters) – The U.S. Justice Department on Thursday announced charges against 601 people including doctors and nurses for taking part in healthcare fraud and opioid-related crimes that resulted in more than $2 billion in losses. The arrests came as part of what the department said was the largest healthcare fraud takedown in U.S. history… Read More »
