Global Investigations Review - The law and practice of international investigations

Money laundering

HSBC monitor report ruling unlikely to trigger political debate

HSBC monitor report ruling unlikely to trigger political debate

July 19, 2017, GIR

There's little appetite on Capitol Hill to consider granting courts more oversight in settlements following a recent US appeals court ruling that restricts the power of judges to interfere in DPAs, lawyers have told GIR.

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.

Singapore court convicts BSI banker

Singapore court convicts BSI banker

July 14, 2017, GIR

A Singapore court has sentenced a former BSI banker to 54 months in jail for money-laundering charges in connection with funds allegedly embezzled from Malaysia’s 1MDB – the longest for an individual to date.

GIR Live London – DPAs: the new normal?

GIR Live London – DPAs: the new normal?

July 10, 2017, GIR

The UK’s Serious Fraud Office has so far secured four deferred prosecution agreements. Panellists at GIR Live London in April were asked whether these settlements jeopardise the rights of individuals and whether “adversarial” is a dirty word.

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.

MAS: naming individuals is more effective than large bank fines

MAS: naming individuals is more effective than large bank fines

June 29, 2017, GIR

Identifying individuals responsible for financial misconduct and preventing them from working in the financial services industry is a stronger deterrent than imposing hefty penalties on the banks that employ them, the managing director of Singapore’s central bank said on 29 June.

Banker pleads guilty in Fifa bribery case

Banker pleads guilty in Fifa bribery case

June 15, 2017, GIR

A former private banker at Credit Suisse and Julius Baer pleaded guilty on 15 June to money-laundering conspiracy charges in the US connected to a sweeping investigation of football’s governing body, Fifa.

Singapore’s CPIB opens new office promoting in-person corruption reports

Singapore’s CPIB opens new office promoting in-person corruption reports

June 12, 2017, GIR

The Corrupt Practices Investigation Bureau (CPIB) opened a new centre where whistleblowers can report misconduct, to boost the country’s reputation as a corruption-free nation amid widely-publicised money laundering investigations.

Arab Bank continues to litigate a terrorist financing case it has already settled

Arab Bank continues to litigate a terrorist financing case it has already settled

May 26, 2017, GIR

Arab Bank’s lawyers claim that payments it processed to Hamas can’t be tied to specific terrorist attacks, despite already settling with a 527-person group of victims and their estates.

Prevezon avoids public trial after eleventh-hour settlement with US authorities

Prevezon avoids public trial after eleventh-hour settlement with US authorities

May 15, 2017, GIR

A long-running investigation into Russian money-laundering uncovered by Sergei Magnitsky was cut short on 12 May after the companies involved agreed to settle with US authorities.