Partner Daniel Tehrani is quoted in a Law360 article about a plea agreement between the US Department of Justice (DOJ) and a Danish bank that includes a provision to tie executive bonuses with compliance. Linking the two in the agreement demonstrates how the DOJ considers it a key component of a culture of compliance, Daniel said, noting how the agreement also shows that foreign financial institutions must comply with US laws when using the country’s banking system.
"Even if the specific [anti-money laundering, Bank Secrecy Act] requirements don't apply to them on their face, there will be other tools that the DOJ has to ensure compliance," Daniel said.
"I think this is an example of that."