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Inside In-House 2019 - Read now

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Ex-Credit Suisse banker made secret loan deal to “curry favour” with Lebanese businessman

Ex-Credit Suisse banker made secret loan deal to “curry favour” with Lebanese businessman

“I remember it very clearly,” a former Credit Suisse banker told a Brooklyn federal court. “It was a significant point in my life where it was the first time that I had been offered a kickback.”

Ex-Credit Suisse banker airs details of bribery as trial begins

Ex-Credit Suisse banker airs details of bribery as trial begins

A former Credit Suisse banker testified about an alleged corruption scheme in Mozambique on the first day of the Brooklyn trial of Lebanese businessman Jean Boustani.

SEC explores controversial AML theory

SEC explores controversial AML theory

The SEC is looking at whether the accounting provisions of the FCPA can be used in money laundering cases, according to people familiar with the regulator’s thinking.

Goldman Sachs discusses 1MDB resolution with US authorities

Goldman Sachs discusses 1MDB resolution with US authorities

Goldman's CFO said the bank had “begun discussions with certain US governmental authorities with respect to the resolution of the 1MDB matter.”

DOJ defends bribery conviction of Chinese businessman

Federal prosecutors have hit back against former Hong Kong home affairs minister Patrick Ho’s FCPA appeal.

FCPA Docket: Senators press for CFIUS review of JBS acquisitions

In today’s news round-up, the DOJ goes after funds held by a former Peruvian president, and two US senators urge CFIUS to review acquisitions of US companies by a Brazilian business accused of bribery.

On eve of trial, Miami businessman pleads guilty

The purported mastermind of a money laundering scheme, Frank Chatburn, has pleaded guilty over his role in bribing Ecuadorian officials. Another defendant in the case has also admitted to wrongdoing.

FCPA unit management team takes shape

After several management departures over the summer, the DOJ’s foreign bribery unit has promoted two attorneys from within.

FCPA-related personnel and policy changes

DOJ considers guidance reforms for inability to pay claims

The US Department of Justice is looking at ways in which it can more clearly define how prosecutors should evaluate claims by companies that they can’t afford criminal penalties.

FCPA “not having the desired effect” internationally, SEC chairman says

A top US regulator on Monday expressed pessimism about the effectiveness of international anti-corruption efforts while insisting his agency would continue to enforce the Foreign Corrupt Practices Act.

Editor's picks

Harvard professor aims to shake up compliance norms

Harvard professor aims to shake up compliance norms

A leading scholar who wrote a book about the white-collar criminal psyche is now touting how companies can step up their compliance programmes.

World Bank veteran picked for MTS monitorship

World Bank veteran picked for MTS monitorship

A team with experience in World Bank cases has been picked ahead of major firms to monitor Russian telecoms company Mobile TeleSystems.

 

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