Global Investigations Review - The law and practice of international investigations

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SEC fines dark pool operator in warning to market

SEC fines dark pool operator in warning to market

June 09, 2014, GIR

Dark pool operator Liquidnet has agreed to pay the SEC US$2 million to settle charges that it provided access to confidential data, the day after SEC chair Mary Jo White outlined concerns about how dark pools operate.

Fokker settles "egregious" sanctions violations

Fokker settles "egregious" sanctions violations

June 06, 2014, GIR

A US subsidiary of Netherlands-based aircraft company Fokker has admitted to knowingly violating US sanctions following a “vast” internal investigation by Clifford Chance, and has agreed to pay a US$21 million fine.

SEC chair outlines plans for HFT regulation

SEC chair outlines plans for HFT regulation

June 06, 2014, GIR

The SEC has unveiled plans on how it will regulate high frequency trading companies, following increasing criticism of the way these firms’ activities can disadvantage other investors.

Canada charges US and UK nationals in foreign bribery case

Canada charges US and UK nationals in foreign bribery case

June 06, 2014, GIR

The Royal Canadian Mounted Police has issued arrest warrants for two former senior executives at Canadian biometrics company Cryptometrics and an agent in a landmark foreign bribery case, but so far the company has not been charged.

Conflict minerals investigations could lead to sanctions liability

Conflict minerals investigations could lead to sanctions liability

June 06, 2014, GIR

Several companies this week revealed the use of minerals sourced from North Korea as a result of a new US rule compelling the disclosure of conflict minerals in their products, prompting concerns that the rule may expose companies to liability for sanctions violations.

US Second Circuit judgment "lost impact"

US Second Circuit judgment "lost impact"

June 05, 2014, GIR

The Court of Appeals for the Second Circuit yesterday overruled a judge’s decision that a settlement between the SEC and Citigroup was too lenient, though practitioners believe the ruling will make little difference.

Drago Kos: We need to step up the pressure

Drago Kos: We need to step up the pressure

June 04, 2014, GIR

The chairman of the OECD’s working group on bribery and corruption said the organisation will be ramping up its efforts to persuade member states to get tough on corruption – and to prevent non-members from abusing their position.

ESMA criticises rating agency after completing first-ever investigation

ESMA criticises rating agency after completing first-ever investigation

June 04, 2014, GIR

In its first public enforcement action, the European Securities and Markets Authority (ESMA) has criticised credit ratings agency Standard & Poor’s for its weak internal controls, but was unable to impose a fine.

Why separate internal investigators from in-house lawyers?

Why separate internal investigators from in-house lawyers?

June 04, 2014, GIR

As Barclays is set to create a global financial crime unit reporting to its legal department, GIR takes a look at why companies increasingly keep compliance and investigations teams separate from traditional in-house legal departments.

IBA Paris: What role can governments play as victims in bribery cases?

IBA Paris: What role can governments play as victims in bribery cases?

June 04, 2014, GIR

Prosecutors from the US, Italy, Switzerland and Brazil were asked whether foreign governments, as potential victims of bribery and corruption, could play a role in prosecutions. David Vascott in Paris