Global Investigations Review - The law and practice of international investigations

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SFO confirms DPA in principle with Tesco subsidiary

SFO confirms DPA in principle with Tesco subsidiary

March 28, 2017, GIR

UK retailer Tesco may become the second company to reach a DPA with the SFO despite not self-reporting misconduct to the authority first.

ZTE judge goes off-piste in monitor selection

ZTE judge goes off-piste in monitor selection

March 27, 2017, GIR

The US district judge overseeing ZTE’s plea agreement has abandoned the DOJ’s choice of monitor in favour of installing his own special master.

Australia must increase ASIC penalties, senate committee says

Australia must increase ASIC penalties, senate committee says

March 27, 2017, GIR

An Australian senate committee report has recommended that the country’s securities regulator, ASIC, be given stronger civil and administrative enforcement powers, which were once described as akin to “being hit in the face by a lettuce leaf”.

Border arrest alert case throws spotlight on NZ SFO enforcement powers

Border arrest alert case throws spotlight on NZ SFO enforcement powers

March 23, 2017, GIR

New Zealand’s Serious Fraud Office has abused its enforcement powers and “manipulated” the country’s police force by asking it to place border arrest alerts on individuals before the agency has charged them with any crime, an Auckland lawyer told GIR.

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.

Munich prosecutors raid Jones Day in VW probe

Munich prosecutors raid Jones Day in VW probe

March 17, 2017, GIR

Lawyers say a raid on Jones Day’s offices by Munich prosecutors shows a need to clarify whether the work product of internal investigations is covered by legal privilege in Germany.

Former BPA owners continue due process fight against FinCEN

Former BPA owners continue due process fight against FinCEN

March 15, 2017, GIR

The family that once owned the now-defunct Banca Privada d’Andorra are calling on the US Treasury Department to investigate FinCEN’s decision to designate the bank as a money-laundering risk.

“Criminal hackers” were employed by Russia to steal Yahoo! customer data, says DOJ

“Criminal hackers” were employed by Russia to steal Yahoo! customer data, says DOJ

March 15, 2017, GIR

Two Russian officials were among four people indicted on 15 March by the Department of Justice for conspiring to hack into Yahoo! networks.

DFS introduces new accountability standards in cybersecurity regulations

DFS introduces new accountability standards in cybersecurity regulations

March 14, 2017, GIR

Lawyers say that the New York financial authority’s new rules represent a shift away from views that targets of cyber attacks are victims.

EU unveils plans for scaled-down public prosecutor’s office

EU unveils plans for scaled-down public prosecutor’s office

March 10, 2017, GIR

Longstanding plans to create a pan-European public prosecutor’s office to investigate cross-border crime have finally been given the go-ahead after EU leaders reached a compromise deal.