News

Judge rejects investors' MTS lawsuit

The federal judge rejected claims by investors that they were misled by the Russian telecoms company over the extent of its cooperation and remediation efforts during a foreign bribery investigation.

02 March 2021

Coinbase reports possible US sanctions issue

The Treasury Department is looking into cryptocurrency exchange Coinbase’s compliance with US sanctions.

02 March 2021

US pursues another Ecuadorian bribery scheme

US prosecutors brought charges against two Ecuadorian citizens over an alleged scheme to bribe officials at the South American country’s public police pension fund.

02 March 2021

Counsel Watch: Brazilian firms guide Vale to landmark dam collapse settlement

The latest counsel watch includes the names behind significant resolutions in Brazil with Vale, Samsung and Philips.

02 March 2021

Empowering the investigator: intelligent automation to make investigators the key decision-makers

To produce investigations that are genuinely useful in the fight against financial crime, investigators at financial institutions need to be empowered decision-makers instead of support staff handling the output of automated systems, says risk consultant Matthew Redhead, adviser to Blackdot Solutions.

02 March 2021

Former SBM Offshore exec sentenced in Unaoil bribery case

Paul Bond did “his utterly dishonest best” to create a false narrative when presented with evidence of his participation in the corruption, a London judge said on Monday when he sentenced the former SBM Offshore sales manager to three-and-a-half years’ imprisonment.

01 March 2021

Amanda Staveley loses £660 million Barclays fraud lawsuit

The judge said that although Barclays was guilty of “serious deceit” in an investment deal it signed with PCP, the firm would not have been able to finance an alternative agreement had it known the truth.

26 February 2021

Clyde & Co can deny payments to PetroSaudi over risk of US prosecution

A judge at London’s High Court has ruled that Clyde & Co can ignore the court’s prior order to transfer funds in an escrow account to Saudi energy company PetroSaudi to avoid the risk of US prosecution.

26 February 2021

FCPA Docket: SEC closes BRF probe

In today’s news roundup, the SEC ends an investigation into a Brazilian food business without an enforcement action while a Dutch company says it’s addressing “compliance findings” in Bulgaria.

26 February 2021

Companies eye structural changes amid bleak outlook for China trade restrictions

Multinationals are drawing up plans to sever their US and China operations amid fears that complying with trade restrictions could become impossible if relations between the two countries deteriorate further.

26 February 2021

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