Global Investigations Review - The law and practice of international investigations

Financial services misconduct

DFS sees off Habib Bank with a US$225m fine

DFS sees off Habib Bank with a US$225m fine

September 08, 2017, GIR

Pakistan's largest bank has received a US$225 million fine from the New York Department of Financial Services for compliance failures, after the bank agreed to surrender its licence to operate in the state.

Third Australian regulator to investigate the Commonwealth Bank of Australia

Third Australian regulator to investigate the Commonwealth Bank of Australia

August 29, 2017, GIR

The Australian Prudential Regulatory Authority will open an inquiry into governance issues at the Commonwealth Bank of Australia, following allegations the bank breached the country's anti-money laundering laws.

Canada's investigations bar

Canada's investigations bar

August 21, 2017, GIR

In May, GIR travelled to Canada - with stops in Toronto, Montreal and Ottawa - for the first time since 2015. Here we present the best investigations firms and individual practitioners in the local market.

ASIC piles pressure on Commonwealth Bank of Australia with fresh investigation

ASIC piles pressure on Commonwealth Bank of Australia with fresh investigation

August 11, 2017, GIR

The Australian Securities and Investment Commission announced that it is investigating the Commonwealth Bank of Australia over money laundering allegations made by another Australian regulator.

US court helps Australian bank find out who stole its nickel

US court helps Australian bank find out who stole its nickel

August 08, 2017, GIR

A California district court has allowed the commodities trading arm of ANZ bank to issue subpoenas to US companies, as part of the bank's own cross-border investigation into fraud.

Australian bank blames 53,000 reporting failures on software update

Australian bank blames 53,000 reporting failures on software update

August 07, 2017, GIR

The Commonwealth Bank of Australia has said that its belated reporting of 53,000 suspicious payments was due to a "coding error", in a matter that could see the bank pay A$1 trillion in penalties.

FCA to extend senior managers regime

FCA to extend senior managers regime

July 26, 2017, GIR

The UK Financial Conduct Authority is set to significantly broaden the scope of its senior managers regime to cover all employees in financial services companies, the regulator announced on 26 July.

RCMP superintendent Denis Desnoyers: “We don’t set out to bankrupt a company”

RCMP superintendent Denis Desnoyers: “We don’t set out to bankrupt a company”

July 18, 2017, GIR

Denis Desnoyers, the head of criminal operations for the National Division at the RCMP, discusses processes to resolve blanket privilege claims, interactions between RCMP investigators and Canada’s prosecutorial body, and how the police may act to help limit costs for companies under investigation.

Barclays Qatar fundraising trial set for January 2019

Barclays Qatar fundraising trial set for January 2019

July 17, 2017, GIR

The criminal trial of four former top Barclays executives charged over the bank’s crisis-era fundraising will begin on 9 January 2019, a judge said at Southwark Crown Court in London.

GIR launches the 2017 Due Process Guide

GIR launches the 2017 Due Process Guide

July 06, 2017, GIR

Twenty years after China regained control of Hong Kong, the phrase “one country, two systems” certainly rings true, with the Hong Kong Monetary Authority receiving an A- grade in this year's Due Process Guide while China’s State Administration for Industry and Commerce languishes at the bottom of the list for the second year running.