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...