SEC probes Baker Hughes over sanctions-related issue

The US Securities and Exchange Commission is investigating oil company Baker Hughes’ internal records and controls connected to sales of products and services in projects affected by US sanctions.

26 February 2021

DOJ forced to hand over CFTC material in spoofing case

A Chicago federal court judge has ordered the Justice Department to surrender potentially exculpatory evidence produced by the country’s commodities regulator to two former Merrill Lynch traders accused of spoofing.

25 February 2021

Iron Mountain submits explanation for Iran sanctions issue

Information management company Iron Mountain says that the possible US sanctions violations it disclosed to the Treasury Department in 2020 were “inadvertent”.

25 February 2021

SFO secures conviction of former SBM Offshore executive

A London jury has found Paul Bond, a former sales manager at Dutch oil company SBM Offshore, guilty of taking part in a scheme to bribe Iraqi officials in exchange for oil contracts.

24 February 2021

SFO recruits former Rolls-Royce compliance officer

The UK anti-fraud agency has hired Judy Krieg, a Fieldfisher partner and former chief compliance officer at engineering company Rolls-Royce, to head up one of its casework divisions.

24 February 2021

US judge chides prosecutors over potentially unconstitutional searches in sanctions case

A US judge has rebuked federal prosecutors for a “shocking dereliction of prosecutorial responsibility” over the use of material obtained from search warrants in a botched sanctions case against an Iranian businessman.

24 February 2021

Fraud Section report shows drop in individual prosecutions

An annual report by the Criminal Division’s fraud section shows the effect of the pandemic on individual prosecutions.

24 February 2021

Fresenius monitorship delayed by pandemic

The German healthcare company said the monitorship faced “certain delays” due to pandemic restrictions.

24 February 2021

Samsung signs $149m corruption settlement with Brazil

Brazil announced the agreement 15 months after Samsung and the US Justice Department reached a DPA over the same underlying conduct.

23 February 2021

DOJ accused of “naked and exorbitant attempt” to interfere in UK court proceedings

Lawyers for energy company PetroSaudi have claimed that US prosecutors are trying to subvert UK money laundering legislation by interfering in a civil dispute with Venezuela’s state-owned energy company.

23 February 2021

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