Features

US companies’ foreign subsidiaries continue to pose major sanctions risk

The Treasury Department has underscored through penalties it has handed down this year for sanctions violations that US-based companies must subject their foreign subsidiaries to intense scrutiny.

27 November 2020

The Danish tax authority’s campaign to recoup cum-ex billions

Denmark has tasked its tax agency with chasing down $2 billion that the country says it has lost through cum-ex trades. GIR spoke with the agency about the operation.

11 November 2020

The outlook for US white-collar enforcement post election

Former government officials now in private practice tell GIR what could change in white-collar enforcement after the US presidential election.

29 October 2020

Companies face stricter conditions to throw off US sanctions

The US Treasury Department has recently begun demanding that companies show evidence of how they will ensure ongoing compliance with US sanctions before it will remove them from banned entities lists.

16 October 2020

Behind Danske Bank’s recruitment drive to revamp its compliance

Featured in In-house

Philippe Vollot, Danske Bank’s chief compliance officer, spoke to GIR about his “obsession” with bringing in a new wave of experts to overhaul the bank’s compliance culture in the wake of a huge money laundering scandal.

15 September 2020

Dutch corporate settlements to face heightened scrutiny

High-value corporate settlements in the Netherlands will soon be vetted by an independent body before being finalised, as part of a new set of enforcement guidelines.

11 September 2020

South Africa’s new evidence-sharing rule to aid corruption investigations

A change to the rules governing South Africa’s long-running state capture inquiry will help prosecutors build corruption cases more quickly and efficiently, experts say.

06 August 2020

The lesser-known Australian regulator cranking up enforcement

Australia’s anti-money laundering regulator has grown teeth in recent years and international financial institutions with operations in the country should be wary, lawyers say.

17 July 2020

Alleged bribes, fake evidence and abuse of power at centre of Greek Novartis probe

An investigation into alleged bribery by Swiss life sciences company Novartis of high-level Greek politicians has been beset by disintegrating charges and allegations of falsified evidence and political interference.

16 June 2020

Corporate executives seldom face punishment in US sanctions cases

The US Treasury’s Office of Foreign Assets Control has been prolific in penalising companies for sanctions violations but doesn’t appear to have the same appetite for pursuing individuals.

29 May 2020

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