SEC Unveils Public Service Announcement To Promote Background Checks

Washington D.C., April 16, 2018 — The Securities and Exchange Commission today unveiled a public service announcement (PSA) to encourage investors to check the background of their investment professional by using the free search tool on Investor.gov before investing.  Investor.gov, the SEC’s website dedicated to individual investors, provides investors with tools and resources to help them invest wisely and avoid fraud. “Investor education is an important line of defense against fraud …

European Union Extends Iran Sanctions

On Thursday, Reuters reported the European Union extended sanctions for one year on Iran over human rights violations, after debating whether to impose a new set of penalties in an attempt to preserve the Joint Comprehensive Plan of Action agreement signed between the P5+1 countries (China, France, Germany, Russia, the United Kingdom, and the United States) and Iran in October …

Investigators Uncover Multi-Billion Dollar Sanctions Evasion Scheme

  According to The Washington Post, investigators have uncovered evidence of a multi-billion dollar corruption scheme which helped Iran evade sanctions for more than a decade. Iran is currently subject to United States Office of Foreign Assets Control (OFAC) sanctions for conducting destabilizing activites in the Middle East, including (but not limited to) the funding and training of terrorist groups, …

Resignation of Peruvian President Pedro Pablo Kuczynski   Last week, Peruvian President Pedro Pablo Kuczynksi, commonly known as PPK, resigned amid accusations of involvement in the biggest corruption scandal in Latin American history. The dispute involves Odebrecht, a Brazilian construction conglomerate, which in 2016 admitted to paying approximately USD 800 million in payoffs. Odebrecht paid approximately USD 782,000 in advisory …

Vcheck Launches Latin America Platform

In order to better serve growing client demand in the region, Vcheck is proud to announce the launch of its Latin America platform, which includes an expanding suite of services in the investigative due diligence space. Professional Expertise Vcheck’s offerings in the Latin America region are enhanced by the talent of our expanding team, which includes experienced professionals who are …

The Three Lines of Anti-Money Laundering Defense

The “Three Lines of Defense” is a widely used phrase for describing how organizations should manage their anti-money laundering (“AML”) risk. As the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) regulations has applicability outside U.S. borders, all individuals and entities are required to comply when conducting transactions in U.S. dollars. OFAC requires that institutions must …