DOJ Officials Announce New Priorities to Combat Corporate Crime with Additional Details Provided at Government Enforcement Conference in Dallas | Jackson Walker

On Thursday, September 15, 2022, Deputy Attorney General Lisa A. Monaco outlined new steps the Department of Justice will be taking in its ongoing efforts to police corporate crime. The next day, Assistant Attorney General Kenneth Polite and Deputy Assistant Attorney General Lisa Miller discussed the new policy at the University of Texas School of […]

DOJ’s Revised Corporate Criminal Enforcement Policies Encourage Voluntary Disclosure and Focus on Compensation | Seward & Kissel LLP

On September 15, 2022, Deputy Attorney General Lisa O. Monaco announced new Department of Justice (“DOJ”) policies on corporate criminal enforcement.  DOJ designed the new policies based on recommendations by the Corporate Crime Advisory Group, a group of DOJ experts that reviewed previous corporate enforcement efforts and met with in-house attorneys, former corporate monitors, members […]

SEC Issues Risk Alert Announcing Exams Focused on New Marketing Rule | Proskauer Rose LLP

On Monday, September 19, 2022, the SEC’s Division of Examinations issued a Risk Alert announcing their intent to conduct targeted reviews of registered investment advisers regarding compliance with amended Advisers Act Rule 206(4)-1 (the “Marketing Rule”), following the mandatory compliance date on November 4, 2022.[1]  Reviews will be conducted both as part of specific national […]

DOJ Announces Increased Focus on Digital Asset Crime with Newly Formed Digital Asset Coordinator Network | Foley Hoag LLP – White Collar Law & Investigations

On Friday, September 16, 2022, the Department of Justice (“DOJ”) announced a formalized focus on digital asset abuse by publically releasing a 46 page report on the Role of Law Enforcement in Detecting, Investigating, and Prosecuting Criminal Activity Related to Digital Assets (the “Report”). DOJ describes this Report as a “companion” to its other recent […]

DOJ Policy Changes Aimed at Increasing White Collar Prosecutions and Incentivizing Companies to Cooperate With the Government | Faegre Drinker Biddle & Reath LLP

During a speech on September 15, 2022, Deputy Attorney General Lisa Monaco announced significant policy changes to DOJ’s corporate enforcement strategy. Expanding on her October 28, 2021, speech and the memorandum that followed, Monaco reiterated that individual accountability is DOJ’s “top priority.” Monaco’s speech marked the first major policy shift in corporate criminal enforcement policy […]

SEC Proposes Rules to Improve Risk Management in Clearance and Settlement and to Facilitate Additional Central Clearing for the U.S. Treasury Market | Goodwin

Regulatory Developments SEC Proposes Rules to Improve Risk Management in Clearance and Settlement and to Facilitate Additional Central Clearing for the U.S. Treasury Market On September 14, the SEC proposed rule changes designed to enhance risk management practices for central counterparties in the U.S. Treasury market and to facilitate additional clearing of U.S. Treasury securities […]

The Justice Department’s New Emphasis on a Culture of Compliance | NAVEX

[author: Matt Kelly, Radical Compliance] The week of September 12 was an important one for corporate compliance professionals. We saw two high-ranking officials at the U.S. Justice Department give back-to-back speeches outlining ambitious plans to transform the prosecution of corporate misconduct. Rest assured, a company’s culture of compliance – or its lack thereof – will […]