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Success of DPAs Has Come with Messaging Problems, Says Former DOJ Official
printThe U.S. Justice Department's use of deferred prosecution agreements has been effective though often misunderstood, according to Jonathan E. Lopez, a former deputy chief of the department's Money Laundering and Bank Integrity Unit who oversaw investigations into HSBC and MoneyGram. Federal officials have used the settlements to leverage significant remedial steps that have had a broad impact in the financial sector, although the messaging behind those deals has at times been lost to the public, said Lopez, now a partner at Orrick, Herrington & Sutcliffe LLP in Washington, D.C. Lopez, who will be a speaker at the ACAMS 14th Annual...
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