Richard L. Cassin
October 22, 2007
The purpose of an “effective compliance program” is to prevent and detect criminal conduct. Why is this important? Because an organization that violates the U.S. Foreign Corrupt Practices Act but has an “effective compliance program” is eligible for a reduced sentence by up to 95% of the statutory penalties.… Continue Reading
Richard L. Cassin
October 18, 2007
A friend from Nigeria, which appears on these pages for the wrong reasons all too often, visited us this week. He gives a face and a voice to the human cost of his country’s terrible twins, red tape and corruption.… Continue Reading
Department of Justice (DOJ) is investigating the finances of Democratic presidential nominee Joe Biden’s son Hunter. The investigation looks to scrutinize some of the latter’s Chinese business dealings and other transactions.
Hunter Biden confirmed the existence of the investigation on Dec. 9, Wednesday, saying that he learned about it for the first time the day before.
“I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors,” the younger Biden said.
The revelations have put a renewed spotlight on questions about Hunter Biden’s business dealings, which dogged his father’s White House campaign in the lead up to the Nov. 3 elections.
Four years ago, the United States was widely viewed as the towering, swaggering leader of global anti-corruption efforts. While other countries struggled with money-laundering banks and corrupt oligarchs bent on placing profits above patriotism, the U.S. enacted policy after policy to create the most full-throated anti-corruption regime in the entire world.
That regime now lies in shambles, collapsed within the larger detritus of Donald Trump’s presidency. All of the facets of America’s broader pro-transparency reputation stand wrecked by Trump’s misrule and through his effort to open the U.S. to any and all with a bit of dirty money burning holes in their pockets. The good news, though, is that the U.S. has been here before, decades ago, when it struggled to slough off the legacy of the most corrupt president the country had seen in a half-century and succeeded in launching an unprecedented anti-corruption reform as a result. And this time around, there’s an incoming presi
SEC Chief of Staff Sean Memon Announces Plans to Conclude Tenure
Washington, D.C. (Newsfile Corp. - December 23, 2020) - The Securities and Exchange Commission today announced that Sean Memon will conclude his tenure as the agency s Chief of Staff in January 2021.
Mr. Memon joined the SEC as Deputy Chief of Staff in May 2017 and was named Chief of Staff in June 2019. As Chief of Staff, Mr. Memon served as principal advisor to Chairman Clayton on legal, policy and management matters affecting each aspect of the agency s mission, including rulemaking, enforcement, examinations and internal agency operations. Often representing the SEC in interagency policy initiatives, Mr. Memon worked closely with cross-divisional teams within the SEC and with other federal agencies and international bodies, including the Department of the Treasury, the Federal Reserve, the CFTC, the FDIC, and the OCC as well as the Financial Stability Oversight Council and Financial Stability Board. Mr. Memon play
FOR IMMEDIATE RELEASE Washington D.C., Dec. 23, 2020
The Securities and Exchange Commission today announced that Sean Memon will conclude his tenure as the agency s Chief of Staff in January 2021.
Mr. Memon joined the SEC as Deputy Chief of Staff in May 2017 and was named Chief of Staff in June 2019. As Chief of Staff, Mr. Memon served as principal advisor to Chairman Clayton on legal, policy and management matters affecting each aspect of the agency s mission, including rulemaking, enforcement, examinations and internal agency operations. Often representing the SEC in interagency policy initiatives, Mr. Memon worked closely with cross-divisional teams within the SEC and with other federal agencies and international bodies, including the Department of the Treasury, the Federal Reserve, the CFTC, the FDIC, and the OCC as well as the Financial Stability Oversight Council and Financial Stability Board. Mr. Memon played a key role in the SEC s efforts to ensur