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

Former Herbalife exec ordered to pay $550k in SEC bribery case

A Manhattan federal judge ordered the former head of Herbalife’s China to pay $550,000 after failing to respond to a civil suit alleging that he bribed Chinese government officials.

13 July 2022

Oligarchs lawyer up for EU sanctions challenges

GIR looks at the lawyers hired to represent Russians seeking to overturn their European Union sanctions listings.

13 July 2022

Texas federal judge dismisses another Venezuelan bribery case on jurisdictional grounds

A Houston federal judge threw out a second case tied to the DOJ’s prosecution of a bribery scheme related to Petróleos de Venezuela SA (PDVSA), Venezuela’s state oil company, on jurisdictional grounds.

12 July 2022

People News: FCA appoints two directors and a new chair

In the latest roundup, the UK’s financial services regulator bolsters its leadership team with three major appointments, while in the US, the State Department named a Columbia University professor as its new anti-corruption coordinator.

12 July 2022

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