Global Investigations Review - The law and practice of international investigations

Financial services 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.

FCA wins improper identification Supreme Court case

FCA wins improper identification Supreme Court case

March 22, 2017, GIR

The UK Supreme Court's Macris decision fails to strike the right balance between individual rights and regulatory efficiency, lawyers say.

SFO has uphill battle to extradite Euribor traders

SFO has uphill battle to extradite Euribor traders

February 27, 2017, GIR

A French court decision blocking an SFO extradition request highlights the difficulty the British authority faces in its attempt to get four other former Deutsche Bank traders to face trial over the same alleged Euribor misconduct.

Citi settles South Africa forex probe

Citi settles South Africa forex probe

February 22, 2017, GIR

Citigroup will pay a 69 million rand (€5 million) fine to resolve its role in South Africa’s foreign exchange rigging investigation, days after the country’s competition enforcer referred a host of banks to the country’s Competition Tribunal alleging they fixed the exchange of the US dollar/rand currency pair.

2017: What’s coming up?

2017: What’s coming up?

February 22, 2017, GIR

With enforcement agencies around the world ramping up the fight against economic crime, and a new, unpredictable US government, 2017 is set to be a tumultuous year. In December 2016 we invited six leading lawyers from the UK, Germany, the US and Hong Kong to give their predictions on what will be the big issues for investigations specialists over the coming 12 months.

The good, the bad and the ugly: tell GIR about the enforcers you work with

The good, the bad and the ugly: tell GIR about the enforcers you work with

February 03, 2017, GIR

GIR wants to hear your views on the due process policies and procedures of the government enforcement agencies and prosecutor’s offices you work with every day. The deadline for the 2017 Due Process Guide survey has been extended to 10 February.

BT’s Italian investigation throws spotlight on UK corporate crime laws

BT’s Italian investigation throws spotlight on UK corporate crime laws

February 01, 2017, GIR

Tough corporate crime laws in the UK make it harder for the Serious Fraud Office to investigate and prosecute British Telecommunications if it decides to look into the company’s accounting practices at its Italian business, lawyers have told GIR.

Deutsche Bank partly resolves mirror trade scandal with US$628 million settlement

Deutsche Bank partly resolves mirror trade scandal with US$628 million settlement

January 31, 2017, GIR

Deutsche Bank has agreed to pay the DFS and UK FCA US$628 million to resolve allegations that it allowed its traders to improperly move billions out of Russia, as the bank continues to face scrutiny from multiple authorities over the same misconduct.