Hannah McCausland

Apr 20, 2023 | jdsupra.com | Hannah McCausland |Brian Paul |Mark D. Taticchi

On April 19, 2023, the U.S. Supreme Court decided Turkiye Halk Bankasi A.S., aka Halkbank v. United States, holding that the district court has jurisdiction under 18 U.S.C. § 3231 over the prosecution of Halkbank and that the Foreign Sovereign Immunities Act (FSIA) does not provide immunity from criminal prosecution. Halkbank is a bank owned by the Republic of Turkey. The United States indicted Halkbank for conspiring to evade the U.S. economic sanctions against Iran.

Mar 1, 2023 | jdsupra.com | Hannah McCausland |Aaron Van Oort

On February 28, 2023, the U.S. Supreme Court decided Bittner v. United States, No. 21-1195, holding that the Bank Secrecy Act (BSA) treats the failure to file a legally compliant report as one violation carrying a maximum penalty of $10,000, regardless of how many bank accounts are at issue. Petitioner Alexandru Bittner immigrated to the United States from Romania and became a naturalized United States citizen. After several years, Bittner returned to Romania, where he held various bank accounts.