Mid-year round-up on compliance trends from the Department of Justice
~ DOJ Compliance and Enforcement trends January 2023 through June 2023 ~ “Investing now in a robust compliance program is good for business, and it is good for our collective economic and national security.” – Lisa Monaco, Deputy Attorney General at the American Bar Association National Institute on White Collar Crime, March 2, 2023....
Read MoreISOA LAC Panel Civil Cyber-Fraud Initiative — Luncheon Meeting
Please join Ward & Berry Partner David Panzer at noon on Monday, November 7, 2022 – in person or online – as he moderates a panel discussion on DOJ’s “Civil Cyber-Fraud Initiative,” co-hosted by ISOA Legal Affairs Committee and the ABA Battlespace Committee. Since the initiative was announced on October 6, 2021, DOJ has...
Read MoreOffice of Foreign Assets Control (“OFAC”) Sanctions Compliance Guidance for the Virtual Currency Industry
In mid-October 2021, OFAC issued sanctions compliance guidance (the “OFAC Guidance”) for the virtual currency industry, including tech companies, exchanges, administrators, miners, crypto wallet providers, and even users. OFAC issued the guidance to help the virtual currency industry mitigate the risks of transacting cryptocurrencies with a sanctioned country, entity, or individual. OFAC is the...
Read MoreLawmakers and Regulators Recognize Crypto and Blockchain Present Unique Problems for Traditional Enforcement Mechanisms
Congressional Democrats Seek Increased Oversight Into Crypto Matters Following Ransomware Attacks A group of Democratic senators and congressmen are calling on the Department of Justice, the State Department, the Department of the Treasury, and Homeland Security to beef up efforts to protect against the recent wave of ransomware attacks. The group, comprised of senators...
Read MoreDOJ Announces Creation of Cryptocurrency Enforcement Team
On October 6, 2021, the Department of Justice (“DOJ”) announced the creation of the National Cryptocurrency Enforcement Team (“NCET”) to investigate and prosecute criminal misuses of cryptocurrency. NCET’s particular focus will be on crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors, to include the tracing and recovery...
Read MoreCivil Cyber-Fraud Initiative to Hold Government Contractors Responsible for Cybersecurity
On October 6, 2021, the Department of Justice (DoJ) announced the Civil Cyber-Fraud Initiative (the “Initiative”) to combat cyber threats, specifically to sensitive information and critical systems of the United States Government (USG). In launching the Initiative, Deputy Attorney General Lisa O. Monaco made clear that a primary focus of the Initiative is to...
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