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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-10-12T20:47:00
A new agreement will allow law enforcement agencies in the United Kingdom and United States to gain better access to emails, messages, photos, and texts held by tech and telecommunications firms from the other’s country as part of evidence gathering for complex white-collar crimes.
The data access agreement between the countries, authorized by the Clarifying Lawful Overseas Use of Data (CLOUD) Act in the United States, entered force Oct. 3. Under the terms of the pact, data requests by the countries can only be made for offenses that relate to the prevention, detection, investigation, or prosecution of serious crime that could result in a maximum jail term of at least three years, such as fraud, bribery, and money laundering.
The Department of Justice will oversee the agreement in the United States, with the U.K. Home Office serving as its counterpart.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
Register for free
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2022-10-13T12:34:00Z By Neil Hodge
Only the United States and Switzerland can be considered “active enforcers” in tackling foreign bribery, while countries like the United Kingdom and Israel have taken a step back, according to the latest report from Transparency International.
2022-10-10T14:16:00Z By James Thomas, International Compliance Association
The Fintel Alliance—a partnership involving AML regulator AUSTRAC, Western Australia Police, and analysts from a handful of large banks—provides an example of the positive outcomes of collaboration in fighting financial crime.
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The U.K.’s Serious Fraud Office was criticized for its leadership, culture, and conduct in a report examining why the agency botched a key corruption case against Unaoil that has now seen three convictions overturned.
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RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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