Topic: Beneficial ownership

UK police seize Latvian company’s funds linked to Privatbank case

A London court has ordered the forfeiture of over £200,000 belonging to a purported recruitment company after prosecutors alleged the funds were the proceeds of a “sophisticated, high-value, cross-border money laundering operation”.

19 May 2022

FCPA Docket: US aims to fix “corruption problem”

In today’s news roundup, a Republican senator wants to expand the FCPA to target companies that enable alleged human rights abuses in China and a Treasury Department official says the US knows it has its “own corruption problem”.

04 February 2022

FinCEN proposes new beneficial ownership reporting requirements

08 December 2021

Vale accuses New York property company of trying to hide Steinmetz links

03 December 2021

DOJ charges Swiss financial services firm over alleged tax evasion scheme

29 September 2021

Bermuda bank reaches $5.6 million US settlement for aiding tax evasion

Manhattan federal prosecutors have decided not to prosecute Bermuda-based lender NT Butterfield & Son for participating in a conspiracy to evade US taxes following the bank’s “extraordinary cooperation” with its investigation.

04 August 2021

Deterring corruption through disclosure

Lincoln Caylor and Shaan Tolani, litigators at Bennet Jones in Canada, consider Canada’s proposed beneficial ownership registry and argue that while there will be significant issues to address, a registry with kinks to address is much better than no registry at all.

01 June 2021

US court dismisses Xiaomi sanctions

26 May 2021

Singaporean regulator dings Swiss lender over anti-money laundering failures

14 April 2021

Finma investigations drop in pandemic year

The Swiss financial regulator concluded nearly 200 fewer probes in 2020 than the year before, its lowest numbers since 2017.

25 March 2021

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