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PCAOB dings two firms for violations related to audit recordkeeping and disclosure
Failure to document and disclose work leads to fines totalling $50,000.
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Canada’s FINTRAC issues evasion of counter proliferation sanctions bulletin
The bulletin explains the characteristics of financial transactions related to terrorist financing to facilitate their detection, and deflection.
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Gearing up for Crypto Week: Congress readies its crypto legal framework
Congress is hard at work on general market structure bills and the regulatory parameters around stablecoins.
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Wise settles multi-state allegations of inadequacies in AML/CFT program
The regulators’ collaboration in this action aimed to ensure a “fair, transparent and resilient financial system that protects consumers.”
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NASAA advocates role of states in fighting fraud, especially in crypto
NASAA said that failing to include US states as fraud fighters would be a decision with net-negative consequences for Americans.
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DOJ’s Antitrust Division announces new whistleblower rewards program
Antitrust offenses include price-fixing, bid-rigging, and market allocation; this program seeks to reward whistleblowers for original tips about such violations.
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DOJ charges 324 defendants in largest healthcare fraud initiative in its history
The collaborative Takedown effort targeted healthcare fraud that victimizes patients, taxpayers and government programs.
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DOJ and HHS announce False Claims Act Working Group
Collaboration aims to advance both departments’ priority enforcement areas by sharing resources in pursuing False Claims Act violations.