The Danger in Becoming Lax with FCPA Policy Enforcement

In the current economic crisis, the global recession, many individuals and companies are under pressure to maintain current business associates, and are still required to bring in new clients.  This tension and responsibility can become overwhelming for the people working under such conditions.  The temptations to commit corruption, to bribe an official or to accept a bribe are greatly increased nowadays.  This aspect of the current global situation has come into play with another aspect of business and international relationships.

Executives, while they may not be the ones who are the tempted into corruption sort, may be tempted to either become lax or to ignore the enforcement of the policies, regulations and laws of the FCPA.   This particular temptation may be due to a couple different factors.  One, they may not follow the rules of compliance due to the … Read the rest

The Practice and Importance of Knowing Your Customer

In today’s world of business and international transactions, the importance of the ‘know your customer’ concept is becoming increasingly important.  Corruption has been addressed and combated throughout history, and with the advances made in the world of technology, this has become an element that companies must not overlook, and must continue to educate themselves about.  This involves the thorough practice of due diligence, by all members of the workforce.  This has become standard practice for the financial institutions, not only in the United States but throughout the entire world.  Clients, their intentions, and their actions must be identified.

This is in large part due the last few decades of the rise in terrorist activities and in the continued growth in the various ways to go about conducting the crimes of money laundering, bribery and extortion.  This has been an … Read the rest

Regulatory Compliance and the Gramm-Leachy Bliley Act

The Gramm-Leachy Bleley Act or the GLBA was passed ten years ago, in 1999 by the United States Senate.  This was an act that was created in order to facilitate a reform of financial institutions and the services in which they provide.  This was the brainchild of the Texas Senator, Phil Gramm.  Gramm set out to ensure that the services that were, and now are, being offered by the banking industry had a framework, a regulatory compliance guideline, from which to work.

This act extends to the firms and other financial providers along with the business conducted by the banks themselves.  The goal was to modernize the world of financial transactions and services and to put and end to the merger of insurance companies, banks and stock broker firms.  The removal of the policies and the regulations was … Read the rest

Las Vegas Nevada Law Firms, Las Vegas Lawyers Sought For Family and Divorce Law Consultations

Las Vegas Nevada Law Firms and Las Vegas Lawyers are available for counsel, in cases of divorce and family law.

Divorce or dissolution of marriage is the termination of a marriage, canceling the legal duties and responsibilities of marriage and dissolving the bonds of matrimony between two persons. In most countries, divorce requires the sanction of a judge or other authority in a legal process to complete a divorce. A divorce does not declare a marriage null and void, as in an annulment, but divorce cancels the marital status of the parties, allowing them to marry another. At the end of the 1960s, the U.S. divorce laws underwent major changes and the divorce rate more than doubled in all of the states. The new laws introduced unilateral divorce in most of the states, and changes in divorce settlements, such as … Read the rest