2 min read
The former boxer may regret saying, “You can call me Floyd Crypto Mayweather from now on.”
When federal authorities recently charged two 20-something cryptocurrency promoters with lying to investors, it was “a harsh awakening for...
Due Diligence (2)
1 min read
Compliance executives accountable for not terminating accused third parties
Federal prosecutors have held a former compliance chief for MoneyGram International Inc. personally responsible for failing to adequately enforce...
2 min read
Due diligence might have been a little weak; $500 million is missing
A group of global banks is being criticized for allegedly failing to do adequate due diligence into Mozambican maritime projects for which the banks...
1 min read
Due Diligence Procedures: How high in an organization should deals be vetted?
Even Goldman Sachs, which is known for buttoned-up due diligence procedures, can fail to put senior-enough eyes on a risky deal. That possibility...
2 min read
Failing to heed red flags can lead to trouble – $599 million worth
The U.K.’s Serious Fraud Office gave Rolls-Royce some faint praise before blasting it in a recent court statement; the SFO said the global firm “did...
1 min read
Could FINRA do more to inform the public about business risk?
Background screening is all about assessing the risk of doing business with someone. A recent article by Reuters says that a leading financial...
1 min read
U.S. Treasury: “Zero Tolerance” is not the standard for bank due diligence
In recent months the IMF, World Bank and other institutions warned that global banks were being so tough in their anti-money laundering and...
1 min read
A case that led the FBI to warn, “do your due diligence when thinking about investing…”
Some background checking might have unveiled a decade-long Ponzi scheme in California that defrauded almost 200 people and institutions. In 2014,...
1 min read
Anti-Bribery Due Diligence: Tougher anti-bribery due-diligence coming
International companies are gearing up for the publication in coming days of the final version of a new set of anti-corruption best practices...