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O'Melveny's Muthyala Interviewed About FCPA Implications for Banks On Moneylaundering.com

November 04, 2011 O'Melveny White Collar Defense and Corporate Investigations counsel Vasu Muthyala was interviewed recently by Moneylaundering.com about the need for financial institutions to more closely scrutinize the accounts they maintain for politically-tied figures, as global efforts to crack down on bribery grow.
In the article posted on November 1, 2011, "Know-Your-Customer Controls a Key to FCPA Compliance, Says Former Justice Official," Muthyala, who practices in the Firm's Washington, DC office, told the website that "keeping the accounts may mean that banks are exposing themselves to a lot more risk than they need. While banks and their employees have been the target of few FCPA prosecutions to date, they will likely face more scrutiny in the near future."