More from Regulatory Enforcement

• News Brief

  DOJ orders Paragon Systems, subsidiary to pay $54M over front company contracts scheme

  Paragon Systems, a Virginia-based security contractor, and a subsidiary will pay nearly $54 million to resolve allegations that its corporate executives–including its compliance manager–conspired to win Department of Homeland Security contracts by creating fraudulent small business front companies.

• News Brief

  FCA slaps Metro Bank with $21M fine for inadequate AML monitoring

  Nov 12, 2024 12:55 PM By Adrianne Appel

  The U.K. Financial Conduct Authority has fined Metro Bank 16.6 million pounds (U.S. $21 million) for an alleged failure by its automated system to adequately monitor money laundering risks.

• News Brief

  Spanish telecomm Telefónica S.A. fined $85M over bribes to government officials in Venezuela

  Nov 11, 2024 9:09 AM By Aaron Nicodemus

  A subsidiary of Spanish telecommunications provider Telefónica S.A. will pay $85.2 million to settle a charge that it violated the Foreign Corrupt Practices Act when it paid bribes to Venezuelan officials to gain preferential access to a currency auction.

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