News

FCA announces next enforcement leaders

The UK’s financial regulator also revealed plans to streamline its legal function and shift the responsibility for international matters away from the enforcement division.

23 March 2023

All change at UK enforcement agencies as CPS leader announces departure

The former director of the SFO told GIR that the UK’s prosecution agencies require new leaders who have a clear mission and the courage to take on difficult cases.

22 March 2023

German prosecutors raid Mercedes-Benz in corruption probe

The Stuttgart public prosecutor’s office has searched the premises of German car manufacturer Mercedes-Benz as part of a bribery investigation.

22 March 2023

Judge approves Ericsson’s $206 million plea agreement

The company’s plea agreement eliminates the cooperation credit it had been awarded by the DOJ in 2019 for cooperating with an FCPA investigation.

21 March 2023

Latest French guide on internal investigations sparks concern among lawyers

French lawyers are up in arms about recent guidance on conflicts of interest and attorney-client privilege in internal investigations, with one lawyer calling the view on privileged materials “a shocking breach of the rule of law in a western democracy”.

21 March 2023

Behind Brazil’s new administrative settlement tool

GIR looks at a new corporate settlement mechanism in Brazil that provides an alternative avenue for companies in instances where they cannot qualify for a leniency agreement.

21 March 2023

OFSI sets due diligence bar in latest enforcement guidance

The UK’s civil sanctions enforcement agency has detailed, for the first time, the due diligence steps that companies can take to reduce potential fines for breaching sanctions.

20 March 2023

National Security Division begins hunt for corporate enforcement leader

The Justice Department announced the newly created position as part of a broader surge of resources toward national security enforcement.

20 March 2023

Press asks court to expedite appeal in unsealing of Unaoil exec’s sentencing docs

Saman Ahsani, a key player in the Unaoil bribery scheme, was recently sentenced to a relatively short prison term of just one year and one day, raising questions about the nature of his cooperation with DOJ prosecutors.

17 March 2023

PayPal settles Austrac investigation, avoids fine

PayPal has entered into an “enforceable undertaking” with Australia’s anti-money laundering regulator to resolve an investigation into the payment company’s compliance with international transfer reporting rules.

17 March 2023

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