A former director of the UK’s Serious Fraud Office has said the Home Office has failed to provide the anti-fraud agency with the resources it needs to effectively tackle corporate crime.
White-collar crime lawyers say the Serious Fraud Office’s desire to reach settlements with companies sometimes comes at the expense of their attempts to prosecute individuals.
Kenneth Polite said he sees companies flagging any and all allegations of misconduct to the DOJ, particularly when they’re already subject to settlement agreements.
Ferrari & Associates, a DC boutique that advises clients on sanctions matters, has made a market move to take on more criminal defence work.
“Companies and their counsel are not in a position to assess relevance and culpability of individuals,” the DOJ official said.
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How a controversial private investigator changed the fortunes of a family at the heart of one of the world’s largest recent bribery scandals.
GIR reveals the winners from last night’s ceremony, including Most Impressive Investigations Practice, Investigations Professional of the Year and the recipient of the Outstanding Career Award for 2021.
UK oil services company Petrofac has admitted to failing to prevent its agents and employees from paying bribes to win contracts worth billions of dollars throughout the Middle East. GIR takes a deep dive into the bribery schemes and compliance failures that led to the guilty plea.
SNC-Lavalin’s compliance chief and monitor talk to GIR about the eight years the engineering company spent under the World Bank’s supervision. “Just when you feel like you have figured out the business, it changes,” said the monitor.
A Spanish engineering business and its Vietnamese affiliate face a significantly longer debarment period after taking their case to the World Bank’s sanctions board.
The Inter-American Development Bank debarred Tractebel Engineering for just under four years after finding that the Belgium company’s subcontractor offered paid positions to the former colleagues of Haitian officials.
A US federal court dismissed Société Générale’s settlement over sanctions violations after the French bank complied with the terms of the three-year agreement.
The US pharmaceutical company said an outgoing employee with access to confidential information about its covid-19 vaccine illegally took 12,000 documents.
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Neena Shenai, the Washington, DC-based chief global trade legal director at US-Irish medical device company Medtronic, tells GIR about the increased sanctions focus on the medical technology industry and what authorities could …
Tapan Debnath, who joined ABB from Nokia in August, explains the company’s new approach to compliance and how it puts individual behaviour and responsibility front and centre.
A free-to-view transcript of principal associate deputy attorney general John Carlin’s keynote speech at GIR Connect: New York, in which he discussed the DOJ’s decision to “surge resources” to corporate enforcement.
Over the past few weeks, President Joe Biden announced plans to appoint a serving national security prosecutor as a top export control official, and Credit Suisse’s latest compliance head left after just …
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