Armed Forces Services Corporation Pays $4.3 Million to Resolve Anti-Kickback Act and False Claims Act Allegations

DOJ

Armed Forces Services Corporation d/b/a Magellan Federal (“AFSC”), located in Alexandria, agreed to pay $4,342,651 to resolve allegations that three former AFSC executives accepted kickbacks in exchange for awarding subcontracts on federal government contracts, announced Acting U.S. Attorney Raj Parekh for the Eastern District of Virginia. read more »

FINCEN.GOV

FinCEN Issues First National AML/CFT Priorities and Accompanying Statements

The Financial Crimes Enforcement Network (FinCEN) today issued the first government-wide priorities for anti-money laundering and countering the financing of terrorism (AML/CFT) policy (the “Priorities”), following consultation with other relevant Department of the Treasury offices, as well as Federal and State regulators, law enforcement, and national security agencies.  The Priorities identify and describe the most significant AML/CFT threats currently facing the United States.  In no particular order, these include: corruption, cybercrime, domestic and international terrorist financing, fraud, transnational criminal organizations, drug trafficking organizations, human trafficking and human smuggling, and proliferation financing.  FinCEN today also issued two statements (the “AML/CFT Priorities Statements”) to provide guidance to covered institutions on how to approach the Priorities. read more »

Big oil and gas kept a dirty secret for decades. Now they may pay the price

THE GUARDIAN

Via an unprecedented wave of lawsuits, America’s petroleum giants face a reckoning for the devastation caused by fossil fuels. read more »