News Centre

US Department Of Justice: Stericycle Agrees To Pay Over $84 Million In Coordinated Foreign Bribery Resolution

Date 20/04/2022

Stericycle Inc. (Stericycle), an international waste management company headquartered in Lake Forest, Illinois, has agreed to pay more than $84 million to resolve parallel investigations by authorities in the United States and Brazil into the bribery of foreign officials in Brazil, Mexico, and Argentina.

Joint IMFC And Development Committee Statement By US Treasury Secretary Janet L. Yellen

Date 20/04/2022

The United States, in the strongest terms, condemns Russia’s illegal, unprovoked war against Ukraine.  Russia’s invasion is an assault on fundamental international rules and norms and threatens the core of the international order.  The United States stands resolutely with the Ukrainian government and the Ukrainian people.  Russia’s war against Ukraine has imperiled the global recovery from the pandemic and aggravated inflation, with vulnerable populations across the world feeling the effects of steeply rising food prices. 

CFTC Commissioners Johnson And Mersinger To Participate In A Fireside Chat At FIA’s Law & Compliance Division Conference

Date 20/04/2022

U.S. Treasury Designates Facilitators Of Russian Sanctions Evasion - Treasury Targets Financial And Operational Support Networks For Attempts To Evade U.S., International Sanctions - Treasury Takes New Step Of Designating A Virtual Currency Mining Company

Date 20/04/2022

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated entities and individuals involved in attempts to evade sanctions imposed by the United States and its international partners on Russia. OFAC designated Russian commercial bank Transkapitalbank and a global network of more than 40 individuals and entities led by U.S.-designated Russian oligarch Konstantin Malofeyev, including organizations whose primary mission is to facilitate sanctions evasion for Russian entities. OFAC also designated companies operating in Russia’s virtual currency mining industry, reportedly the third largest in the world. This is the first time Treasury has designated a virtual currency mining company.

CFTC Commissioners Goldsmith Romero And Pham To Participate In A Fireside Chat At FIA’s Law & Compliance Division Conference

Date 20/04/2022

NGX Regulation CEO Tasks Market Stakeholders On Improved Climate-related Financial Disclosure

Date 20/04/2022

NGX Regulation Limited has urged all market stakeholders to come up to speed with recent trends in climate disclosure by paying closer attention to climate related financial risks and opportunities in their business operations in line with the recommendations of the Financial Standards Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD).

Readout: US Secretary Of The Treasury Janet L. Yellen’s Virtual Meeting With Saudi Arabian Minister Of Finance H.E. Mr. Mohammed Al-Jadaan

Date 20/04/2022

Yesterday, U.S. Secretary of the Treasury Janet L. Yellen met virtually with Saudi Arabian Minister of Finance H.E. Mr. Mohammed Al-Jadaan. Secretary Yellen reiterated the importance of the U.S.-Saudi bilateral relationship, welcoming the continued partnership between the two countries in combatting terrorist financing in the region. The Secretary and Minister Al-Jadaan discussed the global economy, including the impact from Russia’s invasion of Ukraine on the region, as well as energy markets and food security. They also discussed opportunities for increased bilateral engagement and cooperation on economic, global health and climate issues.

Bank Of England: Transforming Data Collection - Reporting Transformation Committee Meeting - February 2022

Date 20/04/2022

The Reporting Transformation Committee will focus on overseeing the design of solutions for parts of the reporting process where the Bank, FCA and reporting firms interact directly. This will cover aspects of modernising reporting instructions and creating a better integrated end-to-end reporting process.

SEC Charges Stericycle With Bribery Schemes In Latin America - Medical Waste Management Service To Pay More Than $84 Million To U.S. And Brazilian Authorities

Date 20/04/2022

The Securities and Exchange Commission today announced charges against Stericycle, Inc. for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes that took place in Argentina, Brazil, and Mexico. The company has agreed to pay more than $84 million to settle parallel civil and criminal charges related to these schemes, including nearly $28.2 million to settle the SEC’s charges.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With South African Minister f Finance Enoch Godongwana

Date 20/04/2022

U.S. Secretary of the Treasury Janet L. Yellen met yesterday with South African Finance Minister Enoch Godongwana to reiterate the strength of our bilateral relationship and underscore our support for a Just Energy Transition that will enable South Africa to sustainably achieve its climate goals and to welcome South Africa’s leadership on responding to COVID-19. The Secretary discussed the impact on South Africa of the commodity shock triggered by Russia’s brutal invasion of Ukraine and underscored the need for close coordination between our governments to protect our financial sectors from illicit Russian financial activities. The Secretary also commended South Africa’s leadership on debt issues through the G20 Common Framework process.