News

White-collar defence lawyers picked for Biden’s DOJ review team

White-collar defence lawyers from Linklaters, Latham & Watkins and Davis Polk are part of President-elect Joe Biden’s team tasked with overseeing the Justice Department’s transition from the Trump administration.

10 November 2020

UK financial regulator examining more than a dozen banks over AML failures

The UK Financial Conduct Authority is investigating over a dozen financial institutions for failing to put in place adequate safeguards to prevent the flow of illicit money.

10 November 2020

Plea deal shows how SBM Offshore ex-CEO dodged prison in Switzerland

The former CEO of Dutch oil services company SBM Offshore admitted to overseeing close to $7 million in bribes paid to Angolan public officials during his time in charge and agreed to provide evidence against co-defendants.

10 November 2020

US electronic truck startup receives subpoenas following fraud allegations

Electronic truck manufacturer Nikola and its founder, Trevor Milton, have received grand jury subpoenas following a critical report from a short seller.

10 November 2020

Judge tells DOJ to unveil more on Braskem bribery

“How does one defend a conspiracy to bribe when the bribes themselves are not disclosed?” said a Brooklyn federal judge.

09 November 2020

Julius Baer to pay $80 million to settle Fifa investigation

Swiss bank Julius Baer said it has agreed in principle to a three-year deferred prosecution agreement with the US Department of Justice over its role in the Fifa corruption scandal.

09 November 2020

New York hospitality company in hot water in Asia over trade practices

PAR Technology, which provides service solutions to the hospitality industry, said it expects to face penalties from a Singaporean authority over potential violations of customs laws.

09 November 2020

Singapore’s privilege system clarified by High Court ruling

A Singaporean ruling on a lawyer’s unsuccessful bid to protect data on his electronic devices will become “the first port of call” for privilege disputes in the city-state.

09 November 2020

DOJ subpoenas 3D printing company in Iran sanctions probe

3D Systems Corporation has been served with two federal grand jury subpoenas in a Justice Department investigation into its dealings in Iran, which is under scrutiny by several US enforcement agencies.

06 November 2020

DOJ closes enquiry over Iraq bribery

The Department of Justice told life sciences companies that it has dropped its investigation into alleged bribes paid to Iraqi health officials.

06 November 2020

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