Topic: Asset freezing

Swiss OAG reports seizing $538 million in illicit gains

07 April 2021

Switzerland unfreezes Angolan businessman’s assets in money laundering case

23 March 2021

Clyde & Co can deny payments to PetroSaudi over risk of US prosecution

A judge at London’s High Court has ruled that Clyde & Co can ignore the court’s prior order to transfer funds in an escrow account to Saudi energy company PetroSaudi to avoid the risk of US prosecution.

26 February 2021

Nigeria confirms new head of anti-corruption agency

25 February 2021

DOJ accused of “naked and exorbitant attempt” to interfere in UK court proceedings

Lawyers for energy company PetroSaudi have claimed that US prosecutors are trying to subvert UK money laundering legislation by interfering in a civil dispute with Venezuela’s state-owned energy company.

23 February 2021

Ukraine investigates former PrivatBank senior executives

Ukraine’s anti-corruption body is investigating three former senior executives at PrivatBank for allegedly embezzling millions from the financial institution.

23 February 2021

Gertler arrangement “defied Treasury Department norms”

22 February 2021

Saudi companies want to subpoena US law firm in $3.5bn embezzlement case

A group of Saudi Arabian companies wants Cadwalader Wickersham & Taft and two financial institutions to disclose information about their links to a former high-ranking Saudi official accused of embezzling billions from the state.

16 February 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

SFO appoints new proceeds of crime head

The UK’s anti-fraud office has turned to an experienced case controller to lead the proceeds of crime and international assistance division – one of the three senior posts the agency is looking to fill.

11 December 2020

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