News

Prosecutors secure properties and funds in Germany’s first Russia sanctions case

In a historic step, Munich prosecutors have seized a bank account and three apartments in the city from a Russian politician and his wife accused of breaching EU sanctions.

20 June 2022

Pemex to seek damages as “victim” of Glencore’s price manipulation

Mexico’s state oil company will ask a US court to order Anglo-Swiss commodities trader Glencore to cover financial losses Pemex allegedly suffered in an oil price rigging scheme.

20 June 2022

People news: Danske Bank compliance chief headed to Rabobank

In the latest people news update, Danske Bank’s top compliance executive is set to become Rabobank’s chief financial economic crime officer, and Ropes & Gray has poached the US Department of Justice’s first in-house compliance expert.

17 June 2022

Lawyers bewildered by disparities in Russia sanctions regimes

Differences between Russia sanctions regimes in the EU, the UK and the US mean lawyers are sometimes struggling to answer their clients’ simplest questions.

17 June 2022

Lisa Monaco: “Sanctions should be at the forefront” of corporate compliance programmes

Sanctions should “be at the forefront” of corporate compliance programmes, the US deputy attorney general said in the keynote speech at GIR Live: Women in Investigations on Thursday, adding that an expanding number of industries can be affected by the problem and that a proactive approach could save companies money.

16 June 2022

Former Venezuelan oil official sentenced to prison time, pay $84 million

A former legal adviser to Venezuela’s Ministry of Oil and Mining was sentenced to serve 52 months in prison and pay $84 million for his role in a $1.2 billion bribery and money laundering scheme involving Venezuela’s state oil company, Petróleos de Venezuela (PDVSA).

16 June 2022

French judge approves McDonald’s €500m tax settlement

The €508 million fine is the highest penalty issued as part of a judicial public interest agreement relating to alleged tax offences.

16 June 2022

Brazil scales down corruption task forces after Car Wash criticism

Brazillian prosecutors are moving away from large-scale corruption investigations to smaller and more focused task forces, a Brazilian lawyer told audience members at GIR Live: Women in Investigations on Thursday.

16 June 2022

DC appeals court affirms development bank’s legal immunity

A DC federal appeals court ruled that the Inter-American Development Bank’s debarment of two businessmen does not constitute commercial activity.

15 June 2022

Ukrainian anti-corruption agency on war footing

Ukraine’s National Agency on Corruption Prevention has shifted its focus to confiscating the assets of pro-Kremlin businesses and oligarchs following the Russian invasion, an official has revealed.

15 June 2022

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