News

Rolls-Royce settles Brazilian bribery case

UK engineering company Rolls-Royce has reached a $27.8 million settlement with two Brazilian authorities over allegations it bribed public officials in the country.

27 October 2021

DOJ official: “The top priority really is individuals”

Nicholas McQuaid, a senior Criminal Division official, said that prosecuting individuals allegedly involved in white-collar crime is the top priority.

27 October 2021

DOJ makes gains in Venezuela corruption investigations

A recent flurry of developments in US cases concerning Venezuela open new possibilities for prosecutors in their pursuit of corruption in the country.

27 October 2021

New MDB anti-corruption unit: “We have ample resources”

A senior official at the Asian Infrastructure Investment Bank said the organisation is ready to ramp up resources to investigate fraud and corruption should complaints increase.

27 October 2021

Outsourced governmental investigations: the question of Brady obligations

With the government increasingly outsourcing investigations to companies, lawyers at Michelman & Robinson argue that prosecutors must produce all exculpatory evidence to a defendant – even when that material resides solely with the corporate victim that handled the probe.

27 October 2021

French lawyers ask president to amend legal advice privilege bill

“Clients just won’t have confidence in speaking to their attorney; the whole point of having an attorney-client relationship will just die,” said one white-collar lawyer.

26 October 2021

Australian casino chastised for “disgraceful” money laundering failures

Crown Resorts has been given two years to improve its anti-money laundering systems and its operations will be temporarily overseen by an anti-corruption barrister.

26 October 2021

Settlement negotiations break down in CFTC spoofing case

A federal court in Chicago has ruled that the US commodity regulator’s civil case against former Deutsche Bank trader James Vorley can proceed after settlement negotiations broke down.

25 October 2021

Lawyers brace for tougher SEC

Under new enforcement leadership, the SEC is removing red tape, seeking admissions and pursuing larger penalties. Defence lawyers are braced for more fights with the regulator.

25 October 2021

Second Circuit denies Halkbank’s challenge to US sanctions case

A US federal appeals court has said the Turkish state financial institution is not immune from prosecution for sanctions violations.

25 October 2021

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