News

SEC official: High-pressure deals are ultimate test of compliance

Charles Cain, chief of the SEC’s FCPA unit, said that high-pressure deals are the ones that really determine how robust a company’s compliance programme is.

02 December 2020

French market regulator reorganises investigators

Featured in Investigator's Guide to France

France's Financial Markets Authority has reorganised its investigation structure in an effort to reduce the length of its cases.

02 December 2020

People News: former SDNY chief moves to Fried Frank

In the latest people news roundup, Manhattan’s former top federal prosecutor Geoffrey Berman has moved into private practice, while Australian casino chain Crown Resorts has hired a new compliance department head amid a money laundering investigation.

02 December 2020

US court unseals guilty plea in trading bribery case

A former official at Brazil’s state-controlled oil company Petrobras admitted to taking bribes from commodity trading companies, according to recently unsealed US court documents.

01 December 2020

Brazil sues Trafigura and top executives over Petrobras bribes

Featured in Investigator's Guide to Brazil

Brazilian prosecutors allege that two current Trafigura executives, including its chief operating officer, helped bribe Petrobras officials for lower prices on foreign oil trades.

01 December 2020

Pilatus Bank targets ECB after botched sanctions case

The US indictment of Pilatus’ former head for alleged sanctions violations gave Malta the opportunity to “recklessly and wantonly” make an example of a local bank, Pilatus alleges.

01 December 2020

OECD report highlights growing risks of FCPA enforcement

Paul Hastings’ Nathaniel Edmonds and Nicola Bonucci examine the key findings from the OECD’s latest report on FCPA enforcement.

01 December 2020

SFO’s new case slump continues

Featured in Investigator's Guide to the UK

The UK Serious Fraud Office has recorded another quiet year for launching investigations into corporate misconduct on the back of one of its least active 12 months in recent history.

30 November 2020

Switzerland opens corruption investigation into SBM Offshore

Featured in Investigator’s Guide to Switzerland

Swiss federal prosecutors are looking into allegations that Dutch oil company SBM Offshore failed to prevent corrupt payments over a seven-year period.

30 November 2020

Former Operation Car Wash judge moves to private practice

Alvarez & Marsal has hired Sérgio Moro, who rose to prominence for presiding over Brazil’s blockbuster Operation Car Wash bribery investigation, to its disputes and investigations group.

30 November 2020

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