Tag: American Bar
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Regulatory Watch News
Website Alert – Fraudulent websites related to The Hongkong and Shanghai Banking Corporation Limited
HKMA
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited relating to fraudulent websites, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
Pharmaceutical Company QOL Medical and CEO Agree to Pay $47M for Allegedly Paying Kickbacks to Induce Claims for QOL’s Drug Sucraid
US Department of Justice
Pharmaceutical company QOL Medical LLC (QOL) and its co-owner and CEO, Frederick E. Cooper, have agreed to pay $47 million to resolve allegations that they caused the submission of false claims to federal health care programs, in violation of the False Claims Act and similar state statutes, by offering kickbacks in the form of free Carbon-13 breath testing services to induce claims for QOL’s drug Sucraid.
Financial sanctions update: Russia
OFSI
On 15 November 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entries have been amended under the Russia financial sanctions regime and are still subject to an asset freeze and trust services sanctions:
- Anatoly Ilyich Bibilov (Group ID: 16658)
- Juhang Aviation Technology (Shenzhen) Co., Limited (Group ID: 16456)
- • Konstantin Yurievich Mirzayants (Group ID: 16659) • Virmavia Ou (Group ID: 16635)
- Didier Casimiro (Group ID: 15493)
