The U.S. Department of Justice (DOJ) has unveiled a new Safe Harbor policy designed to encourage voluntary self-disclosures of criminal misconduct made in connection with mergers and acquisitions (M&A). The policy aims to promote transparency, predictability, and incentives for companies to disclose wrongdoing during M&A processes.
The president of Metalhouse LLC, John Can Unsalan, also known as Hurrem Can Unsalan, has pleaded guilty to engaging in a conspiracy to commit money laundering aimed at promoting violations of U.S. sanctions. The illicit scheme involved conducting transactions to acquire over $150 million in metal products from companies owned by Sergey Kurchenko, a sanctioned Russian oligarch.
The Singapore government announced today they have plans to form an inter-ministerial panel which will review its anti-money laundering regime in the midst of one of the largest money laundering cases ever.
In a recent series of actions, European regulators are stepping up their efforts to monitor and regulate the activities of major technology companies, further underscoring their commitment to fostering fair competition and safeguarding consumer interests.
Farhad Nafeiy, a 70-year-old telecommunications consultant from Alamo, California, has entered a guilty plea in the Northern District of California, admitting to violating the International Emergency Economic Powers Act (IEEPA) concerning sanctions on Iran.
The Commodity Futures Trading Commission (CFTC) has taken steps to modernize and refine its regulatory framework by publishing a proposed rule aimed at amending CFTC Regulation 4.7. This regulatory update addresses exemptions from specific compliance requirements for commodity pool operators (CPOs), commodity trading advisors (CTAs), and commodity pools regarding qualified eligible persons (QEPs).
The Federal Trade Commission (FTC) has taken a significant step in the fight against cross-border fraud by signing a cooperation agreement with consumer protection authorities from four Latin American countries: Chile, Colombia, Mexico, and Peru. The Multilateral Memorandum of Understanding (MMOU) aims to strengthen international collaboration in combating fraudulent activities, whether originating within or outside the United States.