Global Investigations Review - The law and practice of international investigations

Financial services misconduct

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.

SFO claims privilege over Barclays Qatar interview transcripts

SFO claims privilege over Barclays Qatar interview transcripts

June 05, 2017, GIR

The SFO has claimed litigation privilege over its interviews with suspects to prevent third parties from accessing transcripts that form part of an investigation - a move lawyers say is unprecedented.

Singapore fines Credit Suisse and UOB in 1MDB probe

Singapore fines Credit Suisse and UOB in 1MDB probe

May 30, 2017, GIR

The Monetary Authority of Singapore (MAS) has fined Credit Suisse and the United Overseas Bank S$700,000 and S$900,000, respectively, for anti-money laundering violations in connection with the ongoing investigation into Malaysia’s embattled investment fund 1MDB.

BNP Paribas fined $350m over long-term forex rigging

BNP Paribas fined $350m over long-term forex rigging

May 26, 2017, GIR

The New York State Department of Financial Services (DFS) has fined French bank BNP Paribas for the “nearly unfettered misconduct” of more than a dozen traders.

Whistleblowing: has the UK got it right?

Whistleblowing: has the UK got it right?

May 11, 2017, GIR

Tim Strong and Emma Allen at Taylor Wessing in London examine a recent review by the UK’s Banking Standards Board, which found that a third of employees in the banking sector would think twice before blowing the whistle on misconduct.

FCA might be “tied up” investigating executives, lawyers say

FCA might be “tied up” investigating executives, lawyers say

April 06, 2017, GIR

Following comments from the FCA’s head of enforcement, Mark Steward, that the agency’s pursuit of individuals doesn’t mean companies get a “free pass”, lawyers still wonder whether the new regulations could distract the agency from enforcement against regulated entities.

Former UBS trader wins Supreme Court case against Finma

Former UBS trader wins Supreme Court case against Finma

March 24, 2017, GIR

Switzerland’s top court has said Finma cannot rely on unverified facts when placing individuals on a watch list that could ruin their careers.

FCA reopens Barclays Qatar investigation

FCA reopens Barclays Qatar investigation

March 23, 2017, GIR

The FCA has reopened an investigation into Barclays’ 2008 financial crisis fundraising in Qatar as charging decisions in the SFO investigation draw near.