Global Investigations Review - The law and practice of international investigations

Financial services misconduct

FCA wins improper identification Supreme Court case

FCA wins improper identification Supreme Court case

March 22, 2017, GIR

A UK Supreme Court ruling that found the FCA did not improperly identify Achilles Macris when it fined JPMorgan over the “London Whale” trades failed 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.

Hong Kong Bar Survey

Hong Kong Bar Survey

January 30, 2017, GIR

GIR takes an inside look at Hong Kong’s burgeoning white-collar bar and meets the region’s go-to lawyers for complex fraud, corruption and money laundering cases.

GIR guide launch party: in photos

GIR guide launch party: in photos

January 26, 2017, GIR

Photos of the launch party for the Practitioner’s Guide to Global Investigations, edited by Judith Seddon, Eleanor Davison, Christopher Morvillo, Michael Bowes QC and Luke Tolaini, held at Somerset House in London on 24 January.

Deutsche Bank hires former DOJ prosecutor as monitor in US$7.2bn RMBS settlement

Deutsche Bank hires former DOJ prosecutor as monitor in US$7.2bn RMBS settlement

January 20, 2017, GIR

An independent monitor appointed by Deutsche Bank as part of a multibillion-dollar settlement with the US Department of Justice was formerly a member of the government taskforce which investigated the bank.

Three more charged in US forex probe

Three more charged in US forex probe

January 11, 2017, GIR

Six days after the Department of Justice secured its first individual guilty plea in its foreign exchange rigging investigation, a grand jury yesterday indicted three former traders for conspiring to fix prices and rig bids for the euro/US dollar currency pair.

DOJ secures first individual guilty plea in FX probe

DOJ secures first individual guilty plea in FX probe

January 05, 2017, GIR

A former Barclays dealer pleaded guilty on Wednesday to fixing prices in the foreign currency exchange market – the first individual guilty plea in the US Department of Justice antitrust division’s ongoing investigation of forex rate rigging.