Constantine Cannon Attorneys Eric Havian and Michael Ronickher Published in Law360 on the Need for Anti-Money Laundering Whistleblower Rewards
Posted 12/12/18
Archive
Money Laundering Watch: Will More Chickens Come Home to Roost Following Deutsche Bank Raid?
Posted 11/30/18
Catch of the Week — Universal American Mortgage Company
Posted 10/19/18
Catch of the Week: RBS Agrees to Pay $4.9 Billion
Posted 08/17/18
The Catch of the Week -- Société Générale S.A.
Posted 06/8/18
In a joint effort by the DOJ, CFTC, and French authorities, Société Générale agreed on June 4th to pay penalties and disgorgement in excess of $1 billion arising out of two separate wrongful schemes, making them our Catch of the Week.
First, in connection with alleged violations arising from manipulation of the London InterBank Offered Rate (LIBOR), Société Générale agreed to pay $275 million in a...
Question of the Week -- Can Authorities Stop the Mob from Laundering Money Through Online Gambling Sites?
Posted 05/30/18
By the C|C Whistleblower Lawyer Team
The Italian mafia has entered the 21st century. According to multiple news accounts and criminal investigations, many of the major Italian mafia families are using online gambling websites-both real and fake-to launder their ill-gotten proceeds. Favoring online sites set up in Malta hidden behind layers of shell companies, Mafiosos have been running betting websites that allow...
Barclays CEO fined over whistleblower retaliation; Constantine Cannon partner weighs in
Posted 05/14/18
Jes Staley, the CEO of the world’s 15th largest bank, has been fined over £640k by Britain’s financial regulators for trying to uncover the identity of an anonymous whistleblower. The fine represents under 15% of Staley’s 2016 compensation. The bank also retroactively decreased Staley’s 2016 bonus by £500k. The total £1.14M represents about a quarter of Staley’s 2016 compensation. Additionally, regulators...
Constantine Cannon Partner Mary Inman Discusses UK Enforcement Action Against Barclays CEO Jes Staley
Posted 04/20/18
By the C|C Whistleblower Lawyer Team
Two UK regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority, have concluded their investigation into Barclays CEO Jes Staley's actions and have told him to pay a "financial penalty" as punishment. Staley reportedly tried to hunt down an internal whistleblower that raised concerns about the recruitment of Tim Main as head of the bank’s...
CTFC Brings Charges Over Fraud Involving Binary Options and “ATM Coin”
Posted 04/18/18
By the C|C Whistleblower Lawyer Team
Today, the Commodity Futures Trading Commission (CFTC) announced charges against two individuals and four entities for engaging in a fraudulent scheme involving binary options and a virtual currency called “ATM Coin.” The CFTC also alleges that the defendants improperly accepted customer funds without first registering with the CFTC. Earlier this week, the United States...
Barclays Agrees to Pay $2 Billion in Civil Penalties
Posted 03/30/18
By <the C|C Whistleblower Lawyer Team
Barclays will pay the United States two billion dollars to settle a civil action filed in December 2016 in which the United States sought civil penalties for alleged conduct related to Barclays’ underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. Agreement has also been reached with two former Barclays executives who were named as...