Money Laundering Charges In FCPA Cases Bring Unique Risks
November 5, 2013, 12:44 PM EST
Law360, New York (November 5, 2013, 12:44 PM EST) -- On Aug. 29 and 30, 2013, three defendants in the ongoing U.S. criminal prosecutions arising out of bribes allegedly paid by New York broker-dealer Direct Access Partners LLC to officials employed by Venezuelan state-owned banks pleaded guilty to conspiracy, Foreign Corrupt Practices Act bribery, Travel Act violations, and money laundering. These guilty pleas raise the natural question: What difference do the additional, non-FCPA charges make?
This article analyzes the increasing use in FCPA-related matters of money laundering charges, one of the non-FCPA criminal charges brought in...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.