Four Tips for Ensuring Effective Compliance and Risk Management Programs

By Richard N. Wiedis Companies with strict internal controls, even when operating within a highly regulated industry, are not immune to dramatic and costly compliance or risk management failures. All too often, despite having the foundations of a successful compliance program in place, companies experience dramatic failures resulting in criminal penalties, civil fines, job losses,…

Peru’s Fight Against Financial Crimes

Is Peru Winning the Fight Against Financial Crimes? Q: Peru’s government announced in November that it was strengthening the country’s Financial Intelligence Unit in an effort to crack down on money laundering and crimes related to terrorism. The agency will now be able to request that judges lift bank and tax secrecy provisions when necessary…

Robert I. Targ Tapped to Speak at Upcoming Anti-Money Laundering Conferences

Robert I. Targ, Diaz Reus & Targ founding partner and Certified Anti-Money Laundering Specialist, will be speaking at the Bahamas Association of Compliance Officers’ (BACO) annual anti-money laundering conference in Nassau on November 15, 2016.  His topic is “Compelling AML Lessons from Recent Corruption Cases and How to Safely Bank PEP’s.” On December 1, 2016, he will give…

Mexico Moves Forward With New Anti-Corruption Act

Corruption is a significant risk for companies doing business in Mexico: bribery is widespread, and business registration processes, including the obtainment of construction permits and licences, are negatively influenced by corruption. But the Mexican government is not standing still. Mexico’s new Anti-Corruption Act strengthens oversight of public officials and designates a Special Prosecutor to tackle…