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News
May 6, 2014

In the News Today – May 6, 2014

According to The Wall Street Journal, U.S. prosecutors may soon secure, “A guilty plea and a settlement of more than $1 billion from Credit Suisse Group AG over allegations the bank helped wealthy Americans evade taxes.” (Wall Street Journal)

Citigroup recently announcement that it lost as much as $400 million due to “possible fraud” involving its Mexican subsidiary, Banamex, and a Mexican oil-services company, Oceanografia. The case is currently under review by Mexico’s National Banking and Securities Commission as well as the SEC. (Wall Street Journal)

Texas A&M School of Law professor, Peter Reilly, has recently been published on FCPA Professor and in Harvard Business Law Review for his theories on when it is wise (or not wise) to voluntarily disclose a potential FCPA violation to the SEC. (FCPA Professor)

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