At Law Center, New York DA Outlines Need for Strong Prosecutions of Financial Crimes

By Kieran Beer

New York's importance as both a financial center and a target for terrorists not only justifies but demands tough prosecutions from Manhattan prosecutors, New York's District Attorney said Friday. Recalling his office's role in four major deferred prosecution agreements (DPAs), Cyrus Vance, Jr., told attendees at a Center for City Law breakfast that the fact that the city is a prime target for terror attacks "also makes it responsible for interrupting terrorist financing and the corruption that flows from it." To date, the office has reached DPAs with Lloyds TSB Bank Plc, Credit Suisse AG, Barclays Plc and ING Bank...