Topic: Money laundering

EY drops $11 million whistleblower appeal

Big Four accounting firm EY has withdrawn its appeal against a decision to award $11 million to former partner Amjad Rihan, who the firm forced out after he refused to approve an audit of a Dubai-based gold producer.

04 March 2021

Judge grapples with request to review DPA compliance docs

A federal judge in Brooklyn had trouble understanding why two former Fox executives charged with corruption should be allowed to review corporate compliance documents.

04 March 2021

Deloitte reaches 1MDB settlement

Deloitte has agreed to pay the Malaysian Ministry of Finance $80 million to resolve an investigation into its audit work for shuttered sovereign wealth fund 1MDB.

04 March 2021

France slaps ING with €3 million fine over “significant” money laundering failures

The Bank of France’s regulatory arm has chided Dutch lender ING for shortcomings in its anti-money laundering and terrorist financing measures.

03 March 2021

Counsel Watch: Brazilian firms guide Vale to landmark dam collapse settlement

The latest counsel watch includes the names behind significant resolutions in Brazil with Vale, Samsung and Philips.

02 March 2021

Clyde & Co can deny payments to PetroSaudi over risk of US prosecution

A judge at London’s High Court has ruled that Clyde & Co can ignore the court’s prior order to transfer funds in an escrow account to Saudi energy company PetroSaudi to avoid the risk of US prosecution.

26 February 2021

Malaysian bank agrees to pay $700 million in 1MDB-linked settlement

26 February 2021

Special audit uncovers AML failings at German lender

26 February 2021

Nigeria confirms new head of anti-corruption agency

25 February 2021

DOJ accused of “naked and exorbitant attempt” to interfere in UK court proceedings

Lawyers for energy company PetroSaudi have claimed that US prosecutors are trying to subvert UK money laundering legislation by interfering in a civil dispute with Venezuela’s state-owned energy company.

23 February 2021

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