White Collar Partner Discusses U.S. Senators' Criticism of Federal Officials for Delays in Finalizing Anti-Money Laundering

Money Transport | April.26.2013

This article, about U.S. lawmakers criticizing federal officials for delays in finalizing anti-money laundering rules and failing to prosecute banks and bankers that facilitate illicit transactions, quotes white collar and corporate investigations partner Courtney Linn.

While the report's findings are "understandable," the process by which the Justice Department decides whether to criminally prosecute banks or individual bankers for failing to identify and stop financial crooks won't be influenced by the panel's recommendations, said Linn.

"Where the violation merits prosecution, this kind of pressure is appropriate and the department will respond to it, but the Justice Department isn't going to be recommended into prosecuting by lawmakers when there isn't a case to be made,” added Linn.