News

Scott Anderson, a special agent in charge at the US civil export controls enforcer, said companies should consider how foreign actors could use them for malicious purposes, adding that many have “no idea” how their products are being used until BIS comes knocking at their door.

22 November 2023

A London court has heard claims that two British businessmen helped funnel bribes to “very highly placed officials” in Saudi Arabia’s military to secure contracts for an Airbus subsidiary.

22 November 2023

After a record settlement with crypto exchange Binance, commissioners at the US commodities regulator put the industry on notice that flouting of US laws will not be tolerated.

22 November 2023

As part of resolutions with several US agencies, the company pleaded guilty to operating an unlicensed exchange, ignoring anti-money laundering regulations, and facilitating over one million illegal trades from users in sanctioned jurisdictions.

21 November 2023

Daniel Ray Lane and Zhenyu Wang were found guilty of a conspiracy to sell millions of dollars worth of sanctioned Iranian oil to a Chinese refinery company.  The defendants, who now face decades in prison, have claimed they were entrapped by the government.

21 November 2023

The Serious Fraud Office’s increased capabilities to compel evidence for all investigations will reinvigorate its actions in the fraud space and also bode well for the agency’s need to speed up cases, lawyers say.

21 November 2023

Tysers Reinsurance Group and HW Woods scored deferred prosecution agreements with the DOJ after cooperating with prosecutors investigating a sprawling bribery scheme linked to two Ecuadorian state-owned insurance companies.

20 November 2023

The proposed settlement in the US comes a year after the miner resolved a related investigation in Australia and six years after it settled with the UK’s Financial Conduct Authority.

20 November 2023

The DOJ said Lifecore Biomedical voluntarily self-disclosed the corruption scheme within three months of opening an internal investigation and quickly remediated the misconduct, which occurred as it was acquiring another company.

17 November 2023

The FCA said NMC Health’s market abuse merited a “substantial” penalty but declined to issue a fine because of the company’s financial position.

17 November 2023