The Global Association of Risk Professionals (GARP) featured Braden Perry, among other experts, in an article on the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) recent steps to raise the compliance bar. The rulemaking agenda published in January in the Federal Register highlighted areas of regulatory oversight. FinCEN has identified significant threats and intends to
Global Association of Risk Professionals (GARP) features Braden Perry, among other experts, in an article regarding the Anti-Money Laundering Act extension. The Anti-Money Laundering Act of 2020 recently widened their scope by including news rules on trade in antiquities. This act has considerable financial industry support for provisions and brings more entities and transactions into
Braden Perry Featured in Bullish Article on How Non-Fungible Tokens Will Change the Future of Cannabis
Non-fungible tokens, or NFTs, are generating a lot of money and media hype right now through the overlapping of crypto and cannabis. It’s an exciting commodity and straddles the illicit and regulated markets, legal in some places, outlawed in others. In a recent article, Bullish spoke with Braden Perry, among other weed experts, about the
Avoiding Liability Resulting from “Cool Websites” through Good DMCA Hygiene and ADA Compliance Review:
Chapter 1: “And It’s Such a Cool Website!” It was a sunny Friday, and I was about to put on my mask to leave the building for the weekend when the phone rang. I picked it up. There was an excited voice on the phone: “Hi! I called the main desk and I have a
Last week, Citibank wrapped up its six-day trial after one of the biggest banking errors in recent memory. The error occurred when Citibank accidentally wired a payment of $900 million from its own pocket. Some recipients returned the funds, but Citibank had to sue for the remaining 500 million or so. The judge in the
An employee error caused Citigroup Inc. to mistakenly pay out over $900 million of its own money to a group of lenders. So far at least one of the lenders has given the money back, but the bank is suing 11 others including Brigade Capital Management, HPS Investment Partners, and Symphony Asset management. The case
TechNewsWorld sources Perry for his regulatory and compliance knowledge regarding new technology research done at a Swedish University in Zurich. New developments show a method that embeds artificial DNA into an object. This new process is being called “DNA of Things“, or “DoT”, a storage architecture to create materials with immutable memory. “With the ability
Kennyhertz Perry partner Braden Perry talked to Reuters regarding the CME’s new rules, including the change in fines. The owner of the Chicago Board of Trade, New York Mercantile Exchange and other markets is preparing to increase the top monetary penalty to $5 million per offense from $1 million starting on Dec. 14, according to
In a complex business environment with increased regulatory scrutiny around governance issues and stringent demands, Kennyhertz Perry’s regulatory and compliance attorneys brings a sophisticated understanding of the impact of these regulations on business and work with clients to identify and mitigate the risks of potential enforcement actions, navigate the complexity of the regulated world, and
Corruption, Forced Labor and Human Trafficking in Supply Chains Subject Unsuspecting Companies to Potential FCPA Violations
Increasingly, trafficking-related activities in global supply chains include corruption, bribery, and other conduct that could result in liability for companies subject to Foreign Corrupt Practices Act (FCPA) jurisdiction. Both sending countries and countries employing forced labor can be liabilities for companies unknowingly using unscrupulous agents. Companies can avoid FCPA prosecution by instituting an effective, functioning compliance program. Routine FCPA Due Diligence is a critical component in maintaining a FCPA compliance program.
If you or your company is subject to, or suspects potential supply chain issues, contact our experienced attorneys. Attuned to detail, Kennyhertz Perry’s investigations are unparalleled in quality, exceeding the highest standards.
Recently, Braden Perry discussed Real Estate encryption and client privacy with Virtru Business Solutions Blog and described how the Consumer Financial Protection Bureau (“CFPB”) monitors compliance and privacy.
The CFPB is designed to help consumers across the financial industry, said Perry. And company culture is often the biggest obstacle to CFPB compliance: “Many regulated companies are “reactive,” meaning that they do not anticipate issues but wait for issues to arise and then act or “react.” [They’re] short-sighted, looking at the near-term and not focused on long-term goals. “Proactive” companies are forward looking, not only in anticipating issues that might arise, but in having clear directions and goals.”
Perry recommended that companies remain open to change. Reactive organizations tend to resist security initiatives, creating an “uphill battle” for compliance staff. To succeed, organizations need full management buy-in.
Braden Perry, partner at Kennyhertz Perry, LLC, recently provided tips on dealer compliance with the Center for Auto Finance Excellence. Complaints to the lender “should be logged and kept as part of their books and records, and the lender should request review of these complaints regularly as part of their compliance program,” he says. And if a regulator comes calling, including the Consumer Financial Protection Bureau, “it is imperative that the lender can provide information in a clear and efficient manner and be able to defend its compliance plan and convey to the regulators that it reviews its dealers and takes consumer protection seriously.”