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OFAC's recent enforcement action against MoneyGram underscores organizations' need for robust screening to ensure AML compliance and prevent sanctions violations. MoneyGram, a global payments service, has settled with OFAC for $34,329 for 359 sanctions programs violations. According to OFAC, the...

The SEC has already or may yet update its periodic reporting requirements on a number of fronts. Most of these relate to ESG, KPI and non-GAAP disclosures. Meanwhile, COVID-19 continues to require dynamic responses. Public companies have been monitoring and...

Veriff's IDV and KYC services cross-reference users against government-issued IDs from 190 countries. The company experienced 600 percent revenue growth in 2020. Veriff has raised a Series B funding round worth $69 million. The coronavirus pandemic has spurred strong demand...

The Biden administration has signaled numerous cross-border enforcement updates that carry compliance implications, including updated anti-corruption, financial and sanctions measures. President Biden has repeatedly promised to make the fight against corruption in the U.S. and abroad a central part of...

In-house counsel and compliance both assess risk. As such, they often vie with one another. A collaboration, however, can serve to raise both up and significantly enhance a company's risk assessment overall. Lawyers get a bad rap – not just...

With the SEC poised to take action on ESG compliance, companies are at an impasse: There’s no clear direction on ESG reporting and no agreement about what ESG compliance even means. Answers to the myriad questions around ESG reporting remain...

Privacy laws remain a moving target, and businesses must create privacy management programs that are flexible to fluid regulations and evolving business models. This is especially true as numerous states consider their own privacy legislation. This alert summarizes the latest...

Countries and economic unions around the world are adopting national privacy laws. Rather than state-by-state privacy legislation, wouldn’t it be easier to have one all-encompassing privacy law for the U.S.? Imagining a National Business Landscape Without a National Privacy Law...

What happens when a backlog of COVID-related claims meets a mountain of faulty, false or missing data? Payers don't pay on time -- or at all. Here's how the pandemic is impacting the health care industry's chronic struggle with manual...

2020 was a very significant year for every compliance practitioner and compliance program. Not only was it the year with the single highest Foreign Corrupt Practices Act (FCPA) fine ever -- and the largest year in total FCPA fines to...

With the sentencing of Tony Hernandez, brother to Honduran President Juan Orlando Hernandez, the Southern District of New York and DOJ continue their work to dismantle a corrupt multinational drug trafficking network. Update: Former Honduran congressman Tony Hernández was sentenced...

Historic level of enforcement action during national health emergency continues March 26, 2021 – The Department of Justice announced an update today on criminal and civil enforcement efforts to combat COVID-19 related fraud, including schemes targeting the Paycheck Protection Program...