Topic: Enforcement

Counsel Watch: Former deputy attorney general uncovers “systemic” abuse in US women’s football

Featured in In-house

In the latest counsel watch, King & Spalding concluded an investigation into the culture of professional women’s football in the US, and firms represented banks and a well-known celebrity in connection with various SEC enforcement actions.

04 October 2022

McKinsey to fight criminal charges in South Africa

US management consultancy McKinsey & Company plans to rigorously defend itself after South African prosecutors charged the business over its alleged role in a procurement bribery scheme.

03 October 2022

OFAC fines email gift card issuer

OFAC issued new guidance for businesses supplying “instant payment systems” after finding that Tango Card committed thousands of potential sanctions breaches, racking up a maximum penalty of $9.2 billion.

03 October 2022

Deripaska, alleged enablers hit with criminal sanctions evasion charges

The Russian national allegedly evaded US sanctions with the help of two employees to maintain his properties, arrange gift deliveries to friends, sell a California-based music studio and support his girlfriend as she gave birth to his child in the country.

30 September 2022

Ultra Electronics agrees foreign bribery settlement in Canada

UK defence contractor Ultra Electronics has reached a deal to resolve foreign bribery charges that Canadian prosecutors have brought against the company’s local forensics business.

30 September 2022

India Supreme Court reviewing controversial money laundering law

India’s highest court is reviewing the law governing the investigative powers of the country’s anti-money laundering agency after the defence bar raised concerns that the legislation breaches due process rules.

30 September 2022

OFSI fines competition organiser for accepting Crimea wines

The UK's civil sanctions enforcer has issued a £30,000 penalty to the UK company behind an annual beverage competition in Hong Kong for breaching sanctions targeting a Russian state company.

27 September 2022

OFAC fines Crédit Agricole subsidiaries for sanctions breaches

Two companies indirectly owned by the wealth management arm of French lender Crédit Agricole have been fined for processing more than $4 million of payments for clients in five sanctioned countries.

27 September 2022

Material misstatements on aircraft safety leave Boeing on the hook for $200m

Aerospace company Boeing publicly downplayed concerns about the safety of its MAX 737 fleet despite being aware of problems with the aircraft’s flight control system and its certification process, the US’s financial markets regulator said.

23 September 2022

RCMP charges Ultra Electronics unit with bribery, fraud

Canadian authorities have accused a division of British defence contractor Ultra Electronics Holdings and four of its former executives of bribery in the Philippines.

22 September 2022

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