Global Investigations Review - The law and practice of international investigations

Money laundering

Lawyers for Halkbank say request for special appearance is uncontroversial

Lawyers for Halkbank say request for special appearance is uncontroversial

November 20, 2019, JUST SANCTIONS

King & Spalding has defended its request to make a special appearance to challenge charges against Turkish bank Halkbank over a multi-billion dollar sanctions evasion scheme.

ICO’s call for views on expanded powers keeps experts guessing

ICO’s call for views on expanded powers keeps experts guessing

November 20, 2019, GIR

The UK Information Commissioner’s Office (ICO) is requesting expanded powers to investigate and recover profits from criminal misuse of data.

Brazil rules in favour of double jeopardy principle

Brazil rules in favour of double jeopardy principle

November 14, 2019, GIR

Brazil’s highest court has ruled to block a money laundering case against a defendant who was convicted in Switzerland for the same crime.

Mexican Parliament votes to expand powers of finance ministry

Mexican Parliament votes to expand powers of finance ministry

November 07, 2019, GIR

Mexico’s parliament has voted in favour of allowing the country’s finance ministry to blacklist individuals suspected of money laundering and other financial crimes.

Halkbank wants to dismiss US charges that it won’t recognise

Halkbank wants to dismiss US charges that it won’t recognise

November 06, 2019, JUST SANCTIONS

Lawyers for Turkey's state-owned Halkbank have asked a US federal court for permission to challenge a DOJ indictment without acknowledging receipt of it.

Quebec advocates for beneficial ownership register to bolster corporate transparency

Quebec advocates for beneficial ownership register to bolster corporate transparency

October 04, 2019, GIR

Quebec’s Ministry of Finance has published a consultation paper with proposals aimed at improving corporate transparency across the Canadian province.

French banking regulator exposes “fragilities” in banking sector

French banking regulator exposes “fragilities” in banking sector

October 03, 2019, GIR

The Bank of France’s regulatory arm has released an uncharacteristically transparent report that has uncovered anti-money laundering weaknesses across the country’s financial sector.

US takes “critical step” in increasing corporate transparency

US takes “critical step” in increasing corporate transparency

September 27, 2019, GIR

Transparency campaigners say the proposed Illicit Cash Act could shine a light on true ownership of shell corporations and help US law enforcement battle terrorism financing and money laundering.

Geneva given green light to share data with Italian OPL245 prosecutors

Geneva given green light to share data with Italian OPL245 prosecutors

September 23, 2019, GIR

Switzerland’s top court has ruled that Geneva prosecutors can share materials seized from a Nigerian middleman with Milan prosecutors investigating alleged corruption by oil companies Shell and Eni.

Swedbank waives attorney-client privilege in money laundering probe

Swedbank waives attorney-client privilege in money laundering probe

September 17, 2019, GIR

Sweden’s oldest bank is allowing prosecutors to scrutinise work carried out by one of its external lawyers amid an investigation into a money laundering scandal that has rocked the Nordic region.