News

IBA hits out at UN, OECD and FATF over privilege comments

The International Bar Association has published a statement defending the principle of legal professional privilege from “international attack”.

17 January 2022

EDNY makes management changes

The Brooklyn US attorney’s office promoted a handful of prosecutors with experience working on significant foreign bribery cases.

14 January 2022

Germany files first criminal charges in Wirecard case

German prosecutors have accused an investment fund manager of helping to launder more than €22 million in funds embezzled from collapsed payments company Wirecard.

14 January 2022

FCPA practitioner Philip Urofsky to retire from Big Law

The Shearman & Sterling lawyer, who helped to develop US foreign bribery enforcement while at the DOJ, is ready to retire from Big Law. He spoke to GIR about his career and how FCPA work has changed.

14 January 2022

FinCEN staffing changes highlight US anti-money laundering priorities

As the anti-money laundering unit’s powers and ambitions grew in recent years, FinCEN hired a swathe of sanctions experts.

13 January 2022

US sanctions authority clears Korea to pay Iranian award

South Korea says the US Office of Foreign Assets Control has authorised it to pay an investment treaty award to an Iranian family despite sanctions against Iran.

13 January 2022

People News: Kingsley Napley hires barrister to co-lead new practice

Kingsley Napley hires a barrister to co-lead a new practice aimed at helping high-profile clients at risk of prosecution, and PwC adds a former US Treasury Department official to its cyber and risk team.

13 January 2022

We have an over-compliance problem, say in-house officials

In-house sanctions specialists say banks too often refuse to handle perfectly legal transactions out of fear of violating US sanctions.

12 January 2022

Cruise liner pleads guilty again after damning monitor report

Cruise operator Carnival has agreed to give its in-house investigators freedom to open their own investigations after a subsidiary pleaded guilty to violating its probation terms for a second time.

12 January 2022

FinCEN official: We’re focused on cryptocurrency

An official at the anti-money laundering unit warned the banking industry about the risks cryptocurrency can pose even if an institution doesn’t offer those services. “This is not an area to ignore”, he said.

11 January 2022

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