Topic: Asset forfeiture

US authorities given additional powers to subpoena foreign banks

The recently passed US defence bill significantly increases the scope of banking records that the Justice and Treasury departments can demand from foreign banks.

07 January 2021

US confiscates millions tied to Iranian sanctions evasion scheme

US authorities seized funds used in a failed attempt to purchase the Sheraton Hotel in Tbilisi from a UAE sovereign wealth fund.

06 January 2021

ICJ rules France can seize Obiang mansion in Paris

11 December 2020

UK SFO reaches £1.2 million settlement with former SBM Offshore middleman

The UK’s anti-fraud agency has reached a civil recovery settlement with a Brazilian national linked to a major bribery scheme over a £4.3 million London property.

12 November 2020

The Danish tax authority’s campaign to recoup cum-ex billions

Denmark has tasked its tax agency with chasing down $2 billion that the country says it has lost through cum-ex trades. GIR spoke with the agency about the operation.

11 November 2020

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