Investigator's Guide to Germany

Investigator's Guide to Germany

Investigator's Guide to Germany
Germany is often stereotyped as a country full of rules and regulations, but when it comes to internal investigations and settlement negotiations with prosecutors almost anything goes.

The Investigator's Guide to Germany

The Investigator's Guide to Germany

Germany is often stereotyped as a country full of rules and regulations, but when it comes to internal investigations and settlement negotiations with prosecutors almost anything goes.

Highlights

Germany investigates business dealings tied to UK DPA

Prosecutors in Frankfurt have launched a corruption investigation into individuals tied to a £2.2 million UK bribery settlement.

Wirecard saga exposes cracks in German financial regulation

German payment company Wirecard’s €2 billion accounting scandal illuminates some of the country’s supervisory shortcomings but criticism of the financial regulator could be misplaced.

German prosecutors expand emissions-cheating probe

German authorities have raided premises belonging to car parts manufacturer Continental as part of an ongoing investigation into engines designed to dupe emissions tests.

Ex-Freshfields lawyer indicted in Germany over tax scandal

German prosecutors have charged a second former Freshfields Bruckhaus Deringer tax lawyer in connection to the cum-ex tax evasion scandal.

Germany seeks to extend statute of limitations for serious tax offences

A German lawyer has accused the country’s Ministry of Finance of hiding the proposal in covid-19 legislation to protect the tax office from criticism about its crackdown on cum-ex trades.

KPMG highlights inadequate access to data in Wirecard report

German payment company Wirecard said that a KPMG  audit did not uncover evidence to support allegations of accounting fraud but added that the Big Four firm was unable to access information to adequately assess the company’s sales revenue.

Germany cuts “death penalty” rule from corporate criminal liability bill

Germany has removed a provision from proposed corporate criminal liability reforms that allowed courts to dissolve companies found guilty of serious criminal misconduct.

Frankfurt has reclaimed hundreds of millions linked to cum-ex trades

Authorities in Germany’s banking hub have reclaimed approximately €450 million from companies over cum-ex trades.

Banks severed from inaugural cum-ex trial could still face penalties

German authorities have several avenues to sanction banks that were spared penalties in the country’s inaugural cum-ex trial, according to practitioners.

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