Binance and Coinbase knew they violated the law, SEC says

The SEC’s complaint against Binance details instances where senior management actively helped US customers circumvent compliance controls, while Coinbase is accused of paying “lip service” to its compliance with applicable laws but in reality placed profits over investor interests.

06 June 2023

UK trading company fined £17.2 million over Danish cum-ex trades

The UK’s market regulator has brought its largest cum-ex-related enforcement action to date against ED&F Man Capital Markets.

05 June 2023

UK court grants extradition of Austrian banker in Odebrecht-linked case

A London court has approved a request to extradite the former CEO of Austrian lender Meinl Bank to the US where he is accused of laundering bribes for Brazilian construction company Odebrecht.

05 June 2023

Changes to PRA enforcement – risks of outsourcing the investigation

David Rundle, partner at Bryan Cave Leighton Paisner, considers the PRA’s proposed changes to its enforcement process, examining how they may compromise the quality of the regulator’s conclusions and lead to unfairness in the investigation of individuals.

05 June 2023

Keith Edelman named acting second-in-command of FCPA Unit

The former senior counsel to Criminal Division chief Kenneth Polite will now assist David Fuhr in leading the Fraud Section’s foreign bribery unit.

02 June 2023

UK obtains rare export controls conviction of recidivist company

The UK subsidiary of a Fortune 500 company received a four-figure fine “that just makes the UK look foolish” according to one expert.

02 June 2023

Brazil’s investigations bar

GIR profiles the leading boutiques and full-service firms for investigations in Brazil.

02 June 2023

US judge trims bribery case against former Vitol trader

US District Judge Eric Vitaliano found the Eastern District of New York was not the right venue to charge Javier Aguilar for an alleged bribery scheme that took place in Houston, Texas. However, he did not dismiss money laundering charges related to the scheme.

01 June 2023

Singapore opens corruption probe into domestic oil rig builder

Singapore’s anti-corruption agency is investigating Seatrium, formerly known as Sembcorp Marine, for “alleged corruption offences that occurred in Brazil”.

01 June 2023

BIS memo “shifts equation” for companies considering voluntary disclosure of illegal exports, lawyers say

The memo stresses that the US Department of Commerce considers failure to disclose a significant violation of export controls an aggravating factor in the context of a corporate resolution.

31 May 2023

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