Former Venezuela treasurer fails to get money laundering charges thrown out

A Florida federal judge said he was not “persuaded” by a Houston federal judge's decision to dismiss separate bribery cases on jurisdictional grounds.

18 July 2022

FRC fines Grant Thornton over “serious failings” on Sports Direct audits

The penalty comes 21 months after the UK’s accounting regulator won a partial victory in a high-profile privilege wrangle for the sports retail company’s documents.

18 July 2022

Amex fined over Venezuela drug gang sanctions breaches

OFAC said the credit card company faced a fine of over $300 million if it hadn’t cooperated with the agency’s investigation and improved its sanctions compliance systems.

18 July 2022

Brazil modifies CGU’s corporate settlement tool

Brazil has added monitorship requirements and the possibility of tougher fines in the first update in seven years to the corporate settlement tool used by the CGU.

18 July 2022

FCA issues largest cum-ex-linked penalty

The UK’s financial regulator handed a £2 million penalty to a London brokerage that entered administration in January after carrying out nearly £80 billion of suspected cum-ex trades for its clients.

15 July 2022

Trial of former executives halted in Airbus GPT bribery case

A London court has discharged a jury 10 weeks into the trial of two former defence industry executives accused of bribing Saudi Arabian officials for military contracts.

14 July 2022

Lab equipment shipper pleads guilty to failing to file export information

Intertech Trading Corporation will pay $140,000 in fines for undervaluing shipments to Russia and Ukraine if court accepts plea agreement.

14 July 2022

Spoofing trial lays out complicated labyrinth of futures trading by former JPMorgan employees

The defendants "taught me everything I knew" a witness called by the government said.

14 July 2022

Two financial asset managers charged with money laundering related to Venezuelan bribery scheme

The DOJ charged two financial asset managers for their alleged role in a scheme to launder an estimated $1.2 billion in funds corruptly obtained from Venezuela’s state oil company, Petróleos de Venezuela SA (PDVSA).

13 July 2022

Inside HMRC’s export control enforcement strategy

GIR has obtained the guiding principles that the UK’s tax and customs agency uses to resolve criminal investigations into companies accused of violating export restrictions.

13 July 2022

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