Blog
New FCPA Enforcement Policy
On November 29, 2017, the U.S. Department of Justice (the “DOJ”) issued an update to its U.S. Attorney’s Manual to adopt a new Foreign Corrupt Practices Act (“FCPA”) Corporate Enforcement Policy (the “Policy”). Under the Policy, credit will be given to certain self-reporting by companies (in the form of declination to prosecute or lower fines) or... Read more »
CFTC Issues Report on Virtual Currencies
On October 17, 2017, the Commodity Futures Trading Commision’s (the “CFTC”) LabCFTC, the CFTC’s division launched this year to look at financial technology (“FinTech”), issued a press release and its first primer (in the form of an outline on slides) called “A CFTC Primer on Virtual Currencies” (the “Primer”). Perhaps the most important statement in the... Read more »
Second Treasury Report on Changes to Dodd-Frank
In response to Executive Order 13772 on Core Principles for Regulating the U.S. Financial System, February 3, 2017, the U.S. Treasury (the “Treasury”) issued its second report on October 6, 2017, entitled “A Financial System that Creates Economic Opportunities: Capital Markets” (the “Report”). after the first report on banks and credit unions was released in... Read more »
Treasury Report on Changes to Dodd-Frank
In response to Executive Order 13772 on Core Principles for Regulating the U.S. Financial System, February 3, 2017, the U.S. Treasury (the “Treasury”) issued its first report on June 12, 2017, entitled “A Financial System that Creates Economic Opportunities: Banks and Credit Unions” (the “Report”) and a press release. The lengthy Report recommends extensive changes... Read more »