November 4, 2022 | Media Mentions | IFLR
The Committee on Foreign Investment in the US (CFIUS) was subject to a rare executive order in September. This is the first time in CFIUS’s nearly 50-year history that the president has expressly directed it to consider specific sets of factors in its review of national-security risks arising from covered transactions in the US. Kenneth Mendelson points out, ““The executive order does not change CFIUS’s jurisdiction, mandate, remedies or resources … CFIUS always had broad discretion regarding how to interpret … Read More
October 14, 2022 | Media Mentions | American Banker
Why does human labor constitute a majority of the cost of fighting financial crime, even as banks automate some financial crime compliance chores? Eric T. Young helps explore whether compliance costs have leveled off or will grow further in this American Banker article (paywall).… Read More
October 6, 2022 | Media Mentions | The Detroit News
“These sessions have been invaluable. It is important that our investigators continue to speak to anyone who wishes to share relevant information,” Andrew O’Connell said in a statement. “Every interview is important, and Guidepost is working carefully to ensure that all information is handled appropriately as the team works to prepare its public report.”… Read More
September 26, 2022 | Media Mentions | Reuters
Eric T. Young weighs in on the U.S. Department of Justice prosecution approach to corporate recidivism. He says the DOJ “has the discretion to assess whether the corporate culture and propensity of recidivism has diminished or not. If not, cooperation credit will be minimal while the penalty will be severe.”… Read More