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White Collar Defense & Investigations

White Collar Defense & Investigations FinCEN Seeks Comments on Ownership Disclosure Requirements in New Federal Anti-Money Laundering Law

On April 1, 2021, the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) published an advance notice of proposed rulemaking giving companies and individuals the chance to comment on the new beneficial ownership disclosure requirements contained in the recently-enacted Corporate Transparency Act (“CTA”), which is part of the Anti-Money Laundering Act of 2020 (“AMLA”) included in […]

White Collar Defense & Investigations The Next Wave of CARES Act Enforcement: Paycheck Protection Program Civil Fraud Investigations

The March 2020 Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) created enormous incentives for companies to apply for economic stimulus funding and grants to alleviate the devastating economic impacts from the worldwide pandemic. Until recently, the U.S. Department of Justice (“DOJ”) focused mainly on filing criminal actions against individuals who allegedly committed fraud […]

White Collar Defense & Investigations White Collar Enforcement Forecast: What to Expect in 2021

Changes in administrations often bring changes in law enforcement priorities. Whereas fines and prosecutions of white collar offenses declined under the previous administration, we can expect increased white collar enforcement under the Biden administration as new federal anti-money laundering laws take effect and new leadership is installed at the U.S. Department of Justice and other […]

White Collar Defense & Investigations California Targets Financial Services Industry With New Enforcement Agency

California Targets Financial Services Industry With New Enforcement Agency by Vince Farhat After months of back and forth, Governor Gavin Newsom’s state version of the federal Consumer Financial Protection Bureau, often referred to as California’s “mini-CFPB,” is finally a reality. In late August, the California Legislature passed AB 1864, which creates the Department of Financial […]

White Collar Defense & Investigations COVID-19 Economic Relief Programs Will Spur Wave of Future Government Investigations and Law Enforcement Actions

With the passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the federal government created significant incentives for companies to apply for economic stimulus funding and grants to alleviate the devastating economic impacts from the worldwide COVID-19 pandemic. With upwards to $2 trillion in government aid expected to be disbursed, federal and […]