News

Ultra Electronics agrees foreign bribery settlement in Canada

UK defence contractor Ultra Electronics has reached a deal to resolve foreign bribery charges that Canadian prosecutors have brought against the company’s local forensics business.

30 September 2022

India Supreme Court reviewing controversial money laundering law

India’s highest court is reviewing the law governing the investigative powers of the country’s anti-money laundering agency after the defence bar raised concerns that the legislation breaches due process rules.

30 September 2022

Former Salvadorean football official sentenced to 16 months in prison

The former president of El Salvador’s football federation will also pay $360,000 for his role in an international corruption scheme that the US has been pursuing for years.

29 September 2022

Mixed reviews for UK government’s new Economic Crime Bill

Lawyers expressed both optimism and scepticism about the various new provisions in the UK government’s latest economic crime bill, set to give more powers to the country’s authorities and enable information sharing among businesses.

29 September 2022

People News: senior DOJ official rejoins Jenner & Block

In the latest people news roundup, home exercise equipment company Peleton has recruited an in-house investigations lawyer from Uber, and Jenner & Block has re-hired a high-ranking DOJ official.

29 September 2022

US regulators issue $1.8 billion in fines over personal messaging usage

The SEC has announced a “first-of-its-kind group resolution” against 11 financial institutions for breaching rules governing the use of personal devices at work.

28 September 2022

Oracle reaches second FCPA settlement with SEC

The SEC accused the multinational technology company of using slush funds to bribe officials in India, Turkey and the United Arab Emirates.

27 September 2022

Settlement in 1MDB-related Goldman shareholder case gets preliminary approval

A New York federal judge preliminarily approved a settlement between Goldman Sachs and a Georgia retirement benefit manager awarding the bank nearly $80 million to strengthen its compliance programme.

27 September 2022

OFSI fines competition organiser for accepting Crimea wines

The UK's civil sanctions enforcer has issued a £30,000 penalty to the UK company behind an annual beverage competition in Hong Kong for breaching sanctions targeting a Russian state company.

27 September 2022

OFAC fines Crédit Agricole subsidiaries for sanctions breaches

Two companies indirectly owned by the wealth management arm of French lender Crédit Agricole have been fined for processing more than $4 million of payments for clients in five sanctioned countries.

27 September 2022

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