EU Confiscated More Counterfeit Goods At Borders in 2011, Mostly From China

The value of counterfeit products confiscated by European Union customs officials increased by about 15 percent in 2011 compared to the year before, rising to about $1.54 billion from $1.34 billion in 2010, according to a European Commission report published July 24…

U.S. Treasury Unveils New Model Agreement For FATCA Intergovernmental Data Sharing

The Treasury Department unveiled a long-awaited model agreement July 26, 2012, for government-to-government information sharing under the Foreign Account Tax Compliance Act (FATCA)…

ANALYSIS: UK Government Considers Deferred Prosecution Agreements: Cause For Celebration Or Cause For Concern?

On May 17, 2012, the UK Ministry of Justice (MoJ) published a consultation paper on deferred prosecution agreements…

ANALYSIS: The UK Bribery Act and U.S. Foreign Corrupt Practices Act: Traps for the Unwary in Corporate Transactions

Enforcement authorities and legislators in many countries have focused with renewed vigor during the past few years on seeking to investigate and prosecute bribery – in particular, bribery involving public officials. Commercial bribery also is prohibited in many countries, although there does not appear to have been a similar increase in the number of enforcement actions focusing on commercial bribery…

United States’ New York Regulator Orders Standard Chartered Bank to Explain Alleged ‘Grave’ Money Laundering Violations

The New York State Financial Services Department Aug. 6 ordered officials of a New York-licensed Standard Chartered plc subsidiary to appear before department superintendent Benjamin M. Lawsky Aug. 15 to explain “apparent grave violations of law and regulation” …