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Daily Compliance News

November 18, 2022 the Worst Controls Ever Edition

In today’s edition of Daily Compliance News:

  • Russia sanctions evaders are getting more sophisticated. (WSJ)
  • Tax fraud by Trump organization. (Bloomberg)
  • Chinese anti-corruption chief admits to receiving bribes. (South China Morning Post)
  • New FTX CEO says the company had the worst controls he’d ever seen. (NYT)
Categories
Daily Compliance News

July 16, 2022 the How to Stop Cheating edition


In today’s edition of Daily Compliance News:

  • FRC orders accounting firms to say how they will stop cheating. (FT)
  • Uber sued over sexual assault claims. (BBC)
  • ABB employees and wives were arrested for South African corruption. (Bloomberg)
  • DOT publishes fact sheets on Russia Sanctions. (WSJ)
Categories
All Things Investigations

All Things Investigations: Episode 5 – Sanctions and Controls with Tyler Grove


 
Welcome to the Hughes Hubbard Anti-Corruption and Internal Investigations Practice Group’s Podcast, All Things Investigations. In this podcast, host Tom Fox and members of the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group will highlight some of the key legal issues involved in white-collar and other investigations, both domestically and internationally. In this episode, I speak with Tyler Grove, counsel at Hughes Hubbard, about the Biden administration’s multilateral approach to sanctions.
 

 
Tyler Grove has worked at Hughes Hubbard for over 10 years, starting as a paralegal and then working his way up to a full-time associate before taking the position of counsel. Tyler’s specialties include sanctions and export controls in addition to anti-money laundering and foreign investment issues. His practice has three main areas: compliance counseling, enforcement and investigations, and corporate diligence and filings.
Key areas we discuss on this podcast are:

  • The differences between the Biden administration’s sanctions vs. those of the past.
  • The US has imposed a soft embargo on any items subject to its jurisdiction and classified on the commerce control list.
  • How soon we will be able to see the effectiveness of the Biden administration’s embargo.
  • We will likely see an expansion of the sanctions imposed for human rights.
  • It’s important that companies are aware of their suppliers, and how their products are being manufactured.
  • Anti-boycott issues in China.

Resources
Hughes Hubbard & Reed website 
Tyler Grove on LinkedIn
 

Categories
Daily Compliance News

May 20, 2022 the Fake Job Interviews Edition


In today’s edition of Daily Compliance News:
·      From fraudulent customer accounts to fake job interviews. (NYT)
·      Where can Elon go? (WSJ)
·      Don’t call 911 in Buffalo.  (WaPo)
·      Secondary sanctions coming.  (Bloomberg)

Categories
Daily Compliance News

May 14, 2022 the On Hold Edition


In today’s edition of Daily Compliance News:

  • Just as Matt Kelly predicted, Musk Twitter bid ‘on hold’. (NYT)
  • DOT announces more sanctions against Russian shell companies. (WSJ)
  • Moderna said it ‘didn’t know’. (WSJ)
  • SEC moving towards regulations on stablecoin. (Reuters)
Categories
Daily Compliance News

May 11, 2022 the Musk Tweets Reckless Edition


In today’s edition of Daily Compliance News:

  • Expect more Russia sanctions. (WSJ)
  • Musk tweets found reckless. (Bloomberg)
  • Platform identifying global maritime corruption risks launched. (SeaTrade Maritime News)
  • Musk to invite Trump back on Twitter. (RNYT)
Categories
Daily Compliance News

May 2, 2022 the Howard Schultz Listens Edition


In today’s edition of Daily Compliance News:
·      Howard Schultz goes on a listening tour. (Inc.)
·      Will SEC (and DOJ) gags in agreed Orders end? (NYT)
·      Russian threat to the global energy industry.  (WaPo)
·      Waging war on Putin’s corruption.  (Seattle Times)

Categories
Daily Compliance News

April 29, 2022 the Billions to Hwang Edition


In today’s edition of Daily Compliance News:

  • Why did Wall Street lend billions to Bill Hwang? (FT)
  • Is crypto fueling corruption. (CoinDesk)
  • Under Russian sanctions can you pay a ransomware hacker? (WSJ)
  • Vale sued by SEC. (WSJ)
Categories
EMBARGOED!

EMBARGOED! Episode 47: The Evolving U.S. Response to Russia’s Invasion of Ukraine

After a brief break, Brian and Tim are back to catch up on all things Russia, including the biggest compliance challenges thus far, the recent U.S. ban on “new investment,” and where things could be headed in the coming months. Next, they head to SDNY to discuss a notable recent sentencing in a North Korea sanctions case. Finally, in the Lightning Round, Brian and Tim debate the role and impact of sanctions-like bans in the world of international sports.

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Questions? Contact us at podcasts@milchev.com.
EMBARGOED! is not intended and cannot be relied on as legal advice; the content only reflects the thoughts and opinions of its hosts.
***Stay sanctions free.***

Categories
Compliance Kitchen

Blocking Russian Banks


The Kitchen looks at Department of Treasury sanctions which are now fully blocking Russia’s largest banks and banning new investment.