An international commodities trading company pled guilty and paid monetary penalties to resolve DOJ charges for violating the Foreign Corrupt Practices Act. The company had been charged with bribing then-public officials of an Ecuadorian state-owned oil company to secure business advantages and contracts.
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The NFA issued three notices covering regulatory obligations, recent amendments and rule interpretations for (i) FCM, FDM and IB Members, (ii) CPO and CTA Members and (iii) Swap Dealer Members.
A global software company settled SEC charges for anti-bribery, books and records and internal accounting controls violations under the Foreign Corrupt Practices Act.
Treasury Secretary Janet L. Yellen congratulated staff at the Financial Crimes Enforcement Network for the successful launch of the beneficial ownership reporting system. The reporting requirements went into effect on January 1, 2024.
FinCEN started accepting beneficial ownership reports as of January 1, 2024.