The International Academy of Financial Crime Litigators

“The spectacle of huge fines being paid to wealthy countries whilst the victims look on is jarring”, note Karen Woody and Joe Spicer in the foreword of “The Role of Victims in Negotiated Settlements.” Yet too often that is the result of plea deals, deferred prosecution agreements and other conviction-avoidance mechanisms. In this working paper, Fellows Stéphane Bonifassi, Lincoln Caylor, Grégoire Mangeat, Léon Moubayed, Jonathan Sack, Andrew Stafford K.C., Wolfgang Spoerr and Thomas Weibel examine and address what’s in it for the victims when white-collar criminal prosecutions end with fines or orders to disgorge profits but without convictions. https://lnkd.in/dzQqXePc #WhiteCollarCrime #FinancialCrime #USA #UK #Canada #France #Germany #Switzerland

🔐 As the UK forges ahead as “one of the first countries to recognise these [crypto] assets in law,” Founding Fellow Keith Oliver offers insights on the importance of THE FINANCIAL CONDUCT AUTHORITY (FCA) work and keeps a watchful eye on the road ahead for the crypto-sphere. https://lnkd.in/eJ5pY5BH

Today's #FellowFriday celebrates the newly published GIR 100 2024 recognizing TA’s Fellows and their law firms’ #investigations capabilities. Hat tip to #TheAcademyBrass! 🏆 #FellowFeature #TAChamps

⚖ Fellow ERIC RUSSO offers a thoughtful analysis of negotiated justice, its rise in popularity in cases of economic and financial crime, and its impact on victims and the justice system at large. https://lnkd.in/eD2DaM8V

📱The recent Freeport Commodities case emphasizes the due diligence incumbent upon corporations to protect their organizations from financial misconduct. Fellow Jonathan Sack advises company leadership to adopt proactive strategies, “An organization…can meaningfully change the ‘tone at the top’ by implementing genuine and robust compliance structures, openly supported by senior management…and acting responsively to investigate and resolve any reports of misconduct.” https://lnkd.in/epPRmvst

🆕 We welcome #NewFellow Cyrus Vance, Global Chair of Baker McKenzie's Cybersecurity Practice, who is based in Paris. This former District Attorney of Manhattan is also a co-founder of the NYC Cyber Critical Infrastructure Task Force, and the co-founder and co-chair of Global Cyber Alliance. In addition to extensive experience in high-stakes #litigation and global white-collar investigations, he is leading the charge against one of the most insidious threats to modern society: cybercrime. For, as Cyrus notes, “Collective security efforts are critical to our security. If we are going to have any chance of defending ourselves against significant cyber threats—the type of attacks that can take out a power grid or a hospital—we need to work together.” https://lnkd.in/ewj_vM9f Welcome to #TheAcademyBrass, Cyrus! 📔 Learn more about Cyrus' work: https://lnkd.in/eeSPWK75. #TALitigator #TAFellows #TAChamps #FinancialCrime

📕 Academic Regis Bismuth announces the release of Les grands decisions de la jurisprudence internationale, 3rd edition, an invaluable thematic and technical guide to the most impactful cases in international law. ➜ Secure your copy here: https://lnkd.in/ebK7abje.

🇨🇦 Just a month ago, #TheAcademyBrass’ #FellowFriday cited our Canadian litigators whose work was highlighted by Best Lawyers. Today, their accomplishments deserve another round of applause for their stellar feature in this year’s Chambers Canada guide. Kudos to Lincoln, Léon and Joven! 👏👏👏 #TAFellows #FellowFeature #TAChamps #FinancialCrime #Litigation

🌱 Historically, nearly half of companies’ green claims have been found to be poorly documented, exaggerated, or unverifiable. Founding Fellow Daniel Lucien Bühr discusses how #Switzerland is leading the way in increased accountability through their revised #UnfairCompetitionAct (UCA), set to take effect in January. Similar work is underway in the establishment of the #EUGreenClaimsDirective, which is slated for 2028. https://lnkd.in/etQ5A-N8

#GIRLive's Sanctions & AML Meeting in Washington, D.C. takes place tomorrow. Will we see you there?