Kreller’s investigator conducted extensive research on both parties. The due diligence investigation revealed the country manager’s brother-in-law owned the local distributor operation. In addition, findings indicated that the country manager was living well beyond his means, owning multiple cars, boats and homes in expensive locales. The medical device/pharmaceutical company dismissed the country manager and he was subsequently prosecuted for fraud.
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Just two months after enhancing the Anti-Money Laundering (AML) Whistleblower Improvement Act, a move largely seen as an attempt to crack down on Russian sanction evasion, the Biden Administration announced new sanctions on Russia and related entities on February 24, 2023. Less than a week later, the US also signaled that sanctions may be coming for China and other countries helping Russia circumvent restrictions, presenting an increasing need for tight supply chain management and awareness of the potential exposure of downstream and upstream partners.
Anti-Money Laundering Whistleblower Law Expected to “Change the Game” for Sanctions Enforcement
WASHINGTON (AP) — The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Shipments of...
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Just two months after enhancing the Anti-Money Laundering (AML) Whistleblower Improvement Act, a move largely seen as an attempt to crack down on Russian sanction evasion, the Biden Administration announced new sanctions on Russia and related entities on February 24, 2023. Less than a week later, the US also signaled that sanctions may be coming for China and other countries helping Russia circumvent restrictions, presenting an increasing need for tight supply chain management and awareness of the potential exposure of downstream and upstream partners.
Anti-Money Laundering Whistleblower Law Expected to “Change the Game” for Sanctions Enforcement
WASHINGTON (AP) — The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Shipments of...
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