Day: March 29, 2020

On 29 March, the Irish Independent reported that the ECJ has held that proceeds of crime legislation, used to confiscate illegally obtained assets, is lawful.  In Ireland, the measure was brought in after the brutal murder of Sunday Independent investigative journalist Veronica Guerin in 1996.  The matter was referred to the Court by Bulgaria, which asked if EU law precluded Member States from providing for civil proceedings for confiscation, which were unrelated to a finding of a criminal offence, and arose from a case in which a Bulgarian banker is the subject of criminal proceedings for allegedly having incited others, between December 2011 and June 2014, to misappropriate funds belonging to the bank.

https://www.independent.ie/irish-news/news/crime-assets-confiscation-is-lawful-eu-court-rules-39084611.html

 

If you’d like to help me buy that (badly needed) new laptop or, even better, a new desktop to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

 

On 28 March, a post on the Compliance & Enforcement blog of the New York University School of Law sets out to explain how the SEC is coping and on what its Enforcement Division will be concentrating during the crisis.  It is said, as one might expect, that it will be focusing on things and people seeking to take advantage of the crisis to carry out scams and frauds etc.  However, it is said that the majority of SEC staff have begun teleworking, and the agency has “transitioned to a full telework posture with limited exceptions”.  The post lists the types of investigations it expects the Enforcement Division to undertake.

https://wp.nyu.edu/compliance_enforcement/2020/03/27/how-the-sec-enforcement-division-responds-to-a-crisis/

 

 

If you’d like to help me buy that (badly needed) new laptop or, even better, a new desktop to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y