News

US court rejects Chinese distributor’s FCPA contract claims

A Brooklyn federal judge dismissed claims by a Chinese distributor that its contract with a US medical device company was unfairly terminated on foreign bribery grounds.

21 January 2022

UK, France urged to tighten up corporate liability for money laundering

The Council of Europe has said 14 countries including the UK are failing to comply with international standards for holding companies liable for money laundering.

21 January 2022

Tycoon targets investigations consultancy over alleged data violations

A Singapore resident has sued intelligence provider S-RM over its provision of reports to Morgan Stanley and other clients that allegedly contained unsubstantiated claims of corruption and fraud and may have involved illegal international data transfers.

21 January 2022

Cryptocurrency: The latest conundrum in navigating US sanctions

Concerns over cryptocurrency potentially undermining sanctions and deflating the influence of the US dollar are mounting as digital assets boom.

20 January 2022

DOJ drops charges in China Initiative case

The DOJ rescinded its case against an MIT professor caught up in the controversial US crackdown on Chinese national security threats. The lead defence lawyer in the case called the prosecution “wayward”.

20 January 2022

Second EPPO prosecution targets Bulgarian forestry official

The European Union’s anti-corruption office has filed its second indictment, targeting a public official in Bulgaria for allegedly receiving bribes from the owner of an agricultural company.

20 January 2022

Counsel Watch: Former Swedbank CEO lawyers up

The former head of Swedish lender Swedbank has hired local counsel to fight criminal charges, as has the first defendant in Germany’s Wirecard case.

20 January 2022

Mobile TeleSystems prosecutor joins MoFo

Manhattan federal prosecutor Edward Imperatore has left the DOJ for Morrison & Foerster.

19 January 2022

Swedbank emails reveal internal deliberations over US money-laundering probe

Recently-released documents appear to show the bank’s chief compliance officer seeking to limit disclosure detailing the bank’s extensive links to clients of the controversial Panama law firm Mossack Fonseca to New York’s financial regulator.

19 January 2022

People News: Ex-Credit Suisse compliance official joins FRA

FRA has hired a former Credit Suisse compliance official and the Financial Action Task Force’s ex-chief David Lewis has joined a US risk consultancy.

19 January 2022

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