October 28, 2021
Continuing the FinTech University series, Nelson Mullins attorneys Richard Levin, Craig Nazzaro, and Kevin Tran are presenting on digital assets. The webinar will discuss digital assets including Bitcoin, Ethereum, XRP, Dogecoin, other tokens, and NFTs.Click here to learn more!
October 14, 2021
Washington partner Adam Safwat was quoted in the Anti-Corruption Report regarding a $19 million settlement a company entered with the Securities and Exchange Commission (SEC). The settlement stems from certain practices in India, Brazil, and China of global advertisement agency WPP’s local subsidiaries, which resulted in alleged violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act by the agency. Safwat commented on the terms of WPP’s settlement with the SEC.
The case highlights the importance of integrating due diligence into an aggressive growth strategy and not overlooking red flags at subsidiaries post-acquisition.
Safwat regularly represents companies and individuals before the Department of Justice and the Securities and Exchange Commission in investigations and compliance-related matters. His practice is multi-faceted, and in addition to Foreign Corrupt Practices Act (FCPA) counseling, he focuses on issues related to white collar and regulatory enforcement impacting public and private companies, including securities and accounting fraud, financial fraud, and anti-money laundering issues.
View Anti-Corruption Report here.
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.