Topic: International cooperation

Immunity deal for yacht company reveals US strategy for oligarch probes

Former federal prosecutors believe the DOJ’s decision to trade immunity for information about a yacht’s oligarch owner is a warning shot for the yacht building industry and other sectors that serve the super-rich.

24 June 2022

FATF limits Russia’s role in AML organisation

20 June 2022

Ukrainian anti-corruption agency on war footing

Ukraine’s National Agency on Corruption Prevention has shifted its focus to confiscating the assets of pro-Kremlin businesses and oligarchs following the Russian invasion, an official has revealed.

15 June 2022

French officials reveal pain of gathering evidence abroad

France’s financial crimes prosecutor is struggling to obtain evidence from certain overseas jurisdictions, despite the agency’s efforts to improve cooperation with foreign prosecutors.

14 June 2022

Switzerland will seek to impose usage terms on returned Ukrainian assets

Some $100 million in frozen funds allegedly stolen from Ukraine and subject to a forfeiture attempt in Switzerland will only be returned if Ukraine spends them on projects that “improve the living conditions of the population”, Swiss officials said.

10 June 2022

Following Gupta arrests, lawyers warn of long journey to come

South African lawyers say the arrests of the Gupta brothers in Dubai on Monday are a real “milestone” but warned that it could take years for the pair to face trial over their alleged role in widespread corruption in South Africa.

09 June 2022

OLAF official: more probes will lead to enforcement actions in coming years

An OLAF official believes the establishment of an EU-wide prosecution agency will improve the effectiveness of the bloc’s anti-fraud investigation agency by prosecuting more of its cases.

08 June 2022

Dubai police arrest British cum-ex suspect

The recent signing of an extradition treaty between Denmark and the UAE has paved the way for Dubai authorities to apprehend businessman Sanjay Shah on an international arrest warrant.

06 June 2022

DOJ seizes $3.5 million property linked to former Gambian president

The US will recommend that proceeds from the sale of the mansion go to the people of Gambia.

27 May 2022

“We need to close the loopholes” – EU takes aim at sanctions evasion

European politicians want to bring in bloc-wide criminal penalties for evading European Union sanctions because current fines vary wildly from country to country. “It’s one that all lawyers, frankly, should be monitoring,” said one practitioner.

26 May 2022

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