News

LafargeHolcim in talks with DOJ over Syrian payments

Swiss-French cement manufacturer LafargeHolcim says that it is negotiating a resolution to a US Department of Justice investigation into alleged payments made to terrorist organisations, including ISIS.

30 July 2021

German supreme court ruling a green light for more aggressive cum-ex enforcement

German lawyers say that the Federal Court of Justice’s decision to uphold the first criminal convictions for so-called cum-ex trading will help local prosecutors unleash a swathe of new charges.

30 July 2021

Demand for compliance staff surges

“It’s the busiest we have ever seen the market,” said one compliance recruiter.

30 July 2021

Belgium sues individuals over alleged multi-million dollar tax fraud scam

The Belgium tax authority says the individuals received advice from UK company Solo Capital, which has been embroiled in litigation and investigations over controversial cum-ex trading tax refunds.

30 July 2021

FRC enforcement staffing grows significantly

The UK’s accounting regulator says that it has significantly bolstered its enforcement division over the past year to speed up investigations.

29 July 2021

Singaporean shipping company challenges US sanctions

Strait Shipbrokers says the sanctions are at least partially based on faulty State Department intelligence and have set it back 15 years.

29 July 2021

Former SFO official admits being “a little naïve” about dealings with Dechert lawyer

The Serious Fraud Office’s former interim director has told a London court that he was “a little naïve” about his interactions with a lawyer representing the Eurasian Natural Resources Corporation, as he was looking into potential corruption by the mining company.

28 July 2021

Major Turkish consumer goods company faces US sanctions probe

The Treasury Department is investigating Turkish consumer goods multinational Arçelik, which owns several prominent household appliance manufacturers, over its historic dealings in Iran.

28 July 2021

Alfa Laval sanctions case gives foreign companies reason to be nervous

The US Treasury Department’s recent case against the UAE-based subsidiary of a Swedish heavy industries company signals an increasingly aggressive approach towards foreign companies involved in sanctions-busting schemes.

27 July 2021

US pursuit of energy trading firms heats up

A former Glencore trader has admitted to bribing government officials in Nigeria and elsewhere.

27 July 2021

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