Sentences with phrase «financial fraud affecting»

But with roughly 10,000 Americans turning 65 every day, the elderly population is growing so quickly that instances of financial fraud affecting the elderly are becoming ever more common.

Not exact matches

Other opinions point out that many offences affecting the financial interests of the EU are situated at a purely national level and are often linked to other types of fraud or criminality, hence criticizing the EPPO's wide ancillary competence for offences which are inextricably linked with EU fraud (e.g. the Romanian Chamber of Deputies, Dutch Senate, German Bundesrat and the Cyprus House of Representatives).

Whereas Article 325 TFEU talks only about the obligation to introduce «deterrent measures» applicable to frauds affecting the financial interests of the EU.

In view of the ECJ, what follows from this provision is an obligation to disapply the rules of statutes of limitations periods if they prevent «the imposition of effective and dissuasive penalties in a significant number of cases of serious fraud affecting the financial interests of the European Union».

In particular, they are required to «take the same measures to counter fraud affecting the financial interests of the Union as they take to counter fraud affecting their own financial interests» (Article 325 (2)-RRB-.

[i] n a world where money moves freely, «tax havens», and insufficiently regulated international financial centres that refuse to accept the principles of transparency and information exchange can facilitate or even encourage tax fraud and avoidance, negatively affecting the tax sovereignty of other countries and undermining their revenues.

The imprescriptibility sanctioned by Article 29 of the Rome Statute is the logical legal corollary to the prohibition of impunity and essential in the implementation phase of measures «to be taken -LSB-...] which shall act as a deterrent and be such as to afford effective protection in the Member States, and in all the Union's institutions, bodies, offices and agencie» in accordance with Article 325 TFEU on which the EU sanctions system to counter fraud affecting the financial interests of the Union is based.

The Court, however, leaves it up to the referring court to assess whether (1) the Italian system has the effect of neutralizing this «effective and dissuasive penalization» in a «considerable number of cases» (§ 47) and (2) whether the discussed provisions apply to cases of VAT evasion in the same manner as they apply to fraud affecting the Italian Republic's own financial interests.

However, according to the Advocate General, to consider VAT fraud as being outside the scope of PIF fraud would be contrary to the Convention's objective of vigorously combatting fraud affecting the European Union's financial interests (§ 94 - 103 of the Opinion).

All these fundamental principles would be violated by the vague obligation not to apply Articles 160 (3) and 161 (2) in so far as Italian judges found that the «national rule prevents the imposition of effective and dissuasive penalties in a significant number of cases of serious fraud affecting the financial interests of the European Union» (para 58; emphasis added).

Now, the further placement (after Article 3 of Regulation EC, EURATOM No 2988/95 on the protection of the European Communities financial interests) of a limitation period at the EU level (with the adoption of Directive EU / 2017/1371 on the fight against fraud to the Union's financial interests) makes its European - oriented upgrade still necessary, and leaves the controversial issues concerning its real nature and its adequate regulation for crimes affecting the EU financial interests open to further debate.

Akerman's Fraud and Recovery Practice Group provides comprehensive fraud management services, representing insurers, retailers, investors, financial institutions, and others affected by organized fraud.

The maximum penalty for wire fraud affecting a financial institution is 30 years in prison and a $ 1 million fine.

From recent regulatory enforcement priorities such as insider trading, high - frequency trading, financial crisis investigations, the Foreign Corrupt Practices Act (FCPA), Bank Secrecy Act / AML violations, accounting fraud, and hedge fund collapses to some of the most significant matters over the last decade, such as auction rate securities, market timing, RMBS, LIBOR, FX, late trading, IPO allocation, and Wall Street research, our securities enforcement and white collar defense lawyers have been at the center of every major initiative affecting the financial services sector.

Criminal Finances Act 2017 - failure to prevent the facilitation of tax evasion FW partner James Carlton quoted in Reuter's article on halted fraud trial Financial Sanctions: How a political crisis could inadvertently affect your business FW business crime and regulation partner quoted on Reuters on JPMorgan \ «Whale \» case FW financial services team look at the issue of black holes and the importance of disclosure and traFinancial Sanctions: How a political crisis could inadvertently affect your business FW business crime and regulation partner quoted on Reuters on JPMorgan \ «Whale \» case FW financial services team look at the issue of black holes and the importance of disclosure and trafinancial services team look at the issue of black holes and the importance of disclosure and transparency

-LSB-...] It is that legislature's task to ensure that the national rules on limitation in criminal matters do not lead to impunity in a significant number of cases of serious VAT fraud, or are more severe for accused persons in cases of fraud affecting the financial interests of the Member State concerned than in those affecting the financial interests of the European Union» (para 41).