US Department Of The Treasury Continues Its Implementation Of Tougher Sanctions Against Iran
09/30/10
On September 28, 2010, the Office of Foreign Assets Control (“OFAC”) of the United States Department of the Treasury issued … Learn More
FinCEN Proposes Reporting Regulations For Cross-Border Electronic Transmittals Of Funds By Financial Institutions
09/30/10
On September 27, 2010, the Financial Crimes Enforcement Network (“FinCEN), of the U.S. Department of the Treasury, issued a notice … Learn More
CBP Withdraws Proposed “Last Sale” Rule
09/30/10
Preservation of First Sale Doctrine Seen as Victory for Importers U.S. Customs and Border Protection (CBP) published a notice in … Learn More
POM Sues FTC over New Substantiation Standard for Food and Dietary Supplement Claims
09/24/10
POM Wonderful LLC (“POM”) filed a Complaint against the Federal Trade Commission (“FTC”) on September 13, 2010. POM alleges that … Learn More
FDA and CMS Consider Parallel Review of Medical Products
09/23/10
The U.S. Food and Drug Administration (FDA) and Centers for Medicare and Medicaid Services (CMS) recently announced in a Federal … Learn More
Oprah And Rachel Ray Assist The Federal Trade Commission In Taking Down Allegedly Deceptive Acai Marketers
09/23/10
The Federal Trade Commission (FTC) has obtained a court order against the Arizonabased marketers of Acai dietary supplements, Central Coast … Learn More
$30 Million Seized From Vatican Bank In Money Laundering Probe
09/22/10
Italian monetary authorities have seized $30 million from a Vatican bank account and placed the Vatican Bank’s director general, Paolo Cipriani, and its chairman, Ettore Gotti Tedeschi, under investigation for possible violations of Italy’s anti-money laundering laws. Italian prosecutors have announced that the money was seized as a precaution until the investigation can be completed. Learn More
Willful Blindness Jury Instruction Upheld In Tax Conviction
09/22/10
On September 9, 2010, the United States Court of Appeals for the 3rd Circuit held that the use of a “willful blindness” jury instruction satisfies the willfulness element of a criminal tax offense. In finding the jury instruction appropriate, the court concluded that, where warranted by the trial evidence, a willful blindness instruction “properly appl[ies] to a defendant’s knowledge of his legal duties.” Learn More
Allergan Pleads Guilty To Misbranding Charge Agrees To Pay $600 Million In Fines And Penalties
09/17/10
Allergan, Inc., the manufacturer of Botox ® Cosmetic, has agreed to plead guilty to one count of misbranding, a violation … Learn More
Forest Pharmaceuticals To Plead Guilty For Food, Drug, And Cosmetic Act Violations
09/16/10
On September 15, 2010, the Food and Drug Administration (“FDA”) announced that Forest Pharmaceuticals (“Forest”) has agreed to plead guilty … Learn More