- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2025-02-06T20:05:00
The U.S. Department of Justice under new Attorney General Pam Bondi will de-emphasize white collar misconduct linked to bribes and foreign corruption, instead prioritizing corruption cases linked to human smuggling and the trafficking of narcotics and firearms.
According to a DOJ memo dated Tuesday that was obtained by Bloomberg Law, the DOJ’s Foreign Corrupt Practices Act (FCPA) Unit will “shift focus away from investigations and cases that do not have such a connection” to bribery that facilitates the operations of criminal cartels and transnational criminal organizations (TCOs), Bondi wrote.
Bondi also announced the disbandment of several DOJ kleptocracy task forces, and that “attorneys assigned to those initiatives shall return to their prior posts, and resources currently devoted to those efforts shall be committed to the total elimination of cartels and TCOs.”
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2025-02-26T18:44:00Z By Aaron Nicodemus
The CFTC issued new guidance for firms seeking to self-report misconduct, accompanied by a “mitigation credit index” that details how “exemplary” cooperation and remediation can knock up to 55 percent off the final penalty. The agency is the first enforcement agency to issue self-reporting guidance under President Donald Trump.
2025-02-13T15:50:00Z By Aaron Nicodemus
With a six-month ban on enforcement of the Foreign Corrupt Practices Act, compliance should retreat from fear-based messaging and instead focus on why ethical practices make good business sense, experts say.
2025-02-10T15:27:00Z By Rezaul Karim, CW guest columnist
The dark web has been depicted as a long-standing hub for crimes, where illegal activities such as drug dealing, financial fraud, weapon sales, murder for hire, stolen credit cards, and ransomware gags are easily accessible to the public.
2025-05-14T11:05:00Z By Adrianne Appel
The Department of Justice is moving the enforcement of all but the most heinous white-collar crimes onto the back burner and putting investigations of drug kingpins, illegal immigration, and sanctions evasions up front, Matthew Galeotti, head of the DOJ’s Criminal Division, said Monday.
2025-05-13T18:42:00Z By Ian Sherr
The head of the Securities and Exchange Commission promised new sets of rules around cryptocurrency assets, saying his team intends to lay out regulatory frameworks around custody and “qualified custodians,” as well as guidelines around issuing and trading. The expected move marks the latest step in the U.S. government’s embrace ...
2025-05-13T14:33:00Z By Adrianne Appel
Businesses under consent decrees for violating federal anti-discrimination laws, including fairness in lending and hiring laws, may be off the hook under a sweeping executive order (EO) issued by President Donald Trump last month. The EO, aimed at furthering his agenda of dismantling protections against discrimination, says all agencies “shall ...
Site powered by Webvision Cloud