Topic: Asset freezing

Swiss money laundering probe into Egypt’s former ruling family fizzles out

Swiss prosecutors have closed an 11-year-long investigation into ousted president Hosni Mubarak’s “entourage” after seizing just $34 million of almost $650 million in frozen funds.

14 April 2022

Spanish prosecutors seize yacht in first win for US sanctions task force

A multi-agency US task force hunting Russian sanctions evaders has recorded its first asset seizure. “It will not be the last,” said the US attorney general.

05 April 2022

Swiss sanctions enforcer rattles legal community with disclosure stance

The Swiss ministry responsible for investigating economic sanctions breaches has doubled down on its position that lawyers have a duty to disclose assets held by sanctioned clients.

01 April 2022

Former money laundering prosecutors predict aggressive US crypto seizures

US prosecutors will pursue increasingly aggressive civil forfeiture actions targeting cryptocurrencies in the coming years, according to two high-profile ex-DOJ officials.

03 March 2022

NCA seizes funds tied to Azerbaijan Laundromat

A London court has ordered the seizure of £5.6 million from the family of an Azeri politician after finding that the money is likely tied to the so-called “Azerbaijan Laundromat”.

31 January 2022

PetroSaudi to appeal against $300 million 1MDB-linked arrest warrant

A Saudi oil company intends to challenge a US court decision to approve the seizure of approximately $300 million in funds connected to the 1MDB scandal that are being held in the UK.

05 November 2021

Angola and Switzerland sign asset recovery agreement

21 July 2021

France to introduce new corruption compensation law

13 July 2021

London police seize nearly £180 million in cryptocurrency

13 July 2021

SFO secures asset forfeiture in global fraud case

07 June 2021

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