News

IDB due process lawsuit tests development bank immunity

The Inter-American Development Bank told a Washington, DC federal court that its immunity protection means it cannot be sued for alleged due process violations.

19 February 2021

People News: Former SEC head rejoins private practice and US firm expands in LA

In the latest people news, the US Security and Exchange Commission’s former chairman has rejoined Sullivan & Cromwell, and Winston & Strawn has boosted its LA white-collar offering by recruiting over a dozen lawyers.

19 February 2021

Women in Investigations 2021: deadline extended

GIR is accepting nominations for the third Women in Investigations survey; nominations can now be submitted until 26 February.

19 February 2021

World Bank turns to external firms amid pandemic

The World Bank is one of several multilateral development banks that have recently sought external firms to carry out investigative work because of difficulties created by the pandemic.

18 February 2021

SFO: Ex-SBM Offshore exec took a leading role in corrupt oil deal

A former sales manager at Dutch oil company SBM Offshore was an enthusiastic participant in a corrupt plot to win oil contracts in Iraq, the UK’s anti-fraud office has alleged in a London court.

18 February 2021

Digital currency company settles US sanctions probe

BitPay, a digital currency processing company, has entered into a $500,000 settlement with the US Treasury Department for allowing individuals in sanctioned jurisdictions to purchase goods from US companies.

18 February 2021

IRS says disgorgement is tax deductible when paid to victims

One defence lawyer said that while the IRS’s new disgorgement rule is a step in the right direction, it is “woefully incomplete”.

18 February 2021

Judge calls for DOJ probe into prosecutors’ conduct in collapsed sanctions case

Judge Nathan found that Manhattan federal prosecutors did not deliberately withhold evidence from Iranian businessman Ali Sadr Nejad but that an investigation is warranted.

18 February 2021

DOJ pressure behind Unaoil case controller firing

The UK Serious Fraud Office unfairly dismissed the lead prosecutor on the long-running Unaoil bribery investigation following pressure from the US Justice Department, an employment tribunal has concluded.

17 February 2021

Cisco investigates corruption allegations in China

The US technology company said it has voluntarily disclosed the allegations to US authorities.

17 February 2021

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