News

Proposed anti-corruption agency in South Africa to face uphill struggle

Experts said the Anti-Corruption Authority of South Africa would be hamstrung by the public prosecutor’s poor financial crime track record.

10 January 2022

MLARS prosecutor joins DOJ’s foreign bribery unit

A prosecutor in the Money Laundering and Asset Recovery Section with prior experience working on foreign corruption cases has joined the DOJ’s FCPA unit.

07 January 2022

Former Monsanto employee admits to stealing trade secrets

Xiang Haitao’s lawyer says that his client has entered a conditional guilty plea that he may yet withdraw.

07 January 2022

Under-staffed and overwhelmed, OFAC grapples with delays

The US sanctions agency is facing criticism from private sector lawyers about its slow response to licensing and enforcement matters.

07 January 2022

EU banking regulator: de-risking is undermining financial crime efforts

The European Banking Authority has warned that EU authorities are losing opportunities to detect suspicious transactions because lenders are too eager to cut ties with risky customers.

06 January 2022

DC appeals court revives Iraq bribery lawsuit

Federal appeal judges said a lower court decision stating that a terrorism-related case against life sciences companies lacks sufficient ties to US soil was “unduly restrictive”.

05 January 2022

People News: Ex-SEC lawyers create new firm

In the latest People News round up, former SEC officials launch a whistleblower-focused firm as well as big-ticket hires by Latham & Watkins and Dechert.

05 January 2022

Mayer Brown partner leaves for monitorship firm

Audrey Harris, a former chief compliance officer at mining company BHP, has joined Affiliated Monitors.

04 January 2022

Miller & Chevalier takes Smith Pachter partner

In announcing the hire, Miller & Chevalier’s international department chair cited Daniel Solomon’s “deep insight into China's legal and business environments”.

04 January 2022

Cuban embargo lawsuit against Société Générale, BNP Paribas fails

The French banks are the latest to defeat claims brought under the Helms-Burton Act.

04 January 2022

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