News

EU court rules on law blocking US sanctions compliance

The ruling provides a few more clues to companies about how to cut ties with Iranian entities without getting successfully sued, and suggests that the EU blocking statute doesn't block much when it comes to US sanctions.

21 December 2021

UK financial regulator experiences activity slowdown

The UK’s Financial Conduct Authority has opened significantly fewer investigations over the past year, prompting experts to speculate about whether the regulator is being more wary about taking on new cases.

21 December 2021

As AML regs advance, the real estate industry faces a fork in the road

The US is targeting the real estate industry to curb criminals from stashing illicit cash in the country. Some worry proposed rules won’t be effective if they flood law enforcement with too much data.

21 December 2021

UBS to challenge €1.8 billion French tax penalty

UBS will fight a French appeals court’s decision to uphold the Swiss bank’s conviction for helping French citizens evade tax.

21 December 2021

People News: UK barrister returns to Foundry Chambers

In the latest People News round up, Mukul Chawla QC has rejoined Foundry Chambers and BDO has hired a new head of forensic services in Israel.

21 December 2021

A second oil executive challenges UK bribery conviction

A former executive of Dutch oil company SBM Offshore has challenged his UK conviction for bribery in Iraq, following an appeals court’s decision to throw out the guilty verdict against his former co-defendant.

21 December 2021

UK bank regulator fines Standard Chartered £47 million over reporting failures

The penalty is the largest the Prudential Regulation Authority has imposed in a case where it is the sole enforcer.

20 December 2021

GIR Live: increase in “vague” whistleblower reports during pandemic

A Hong Kong-based in-house lawyer at US bank BNY Mellon has said that a significant amount of the whistleblower reports his team have received recently lack detail.

20 December 2021

Former banker loses bid to increase Credit Suisse’s $2.6 billion tax penalty

A US federal judge dismissed a lawsuit against Credit Suisse that alleged the bank misled prosecutors to secure a smaller penalty in a tax fraud settlement with the DOJ.

20 December 2021

US fines JPMorgan $200 million over messaging retention failures

The SEC and CFTC both penalised the bank for failing to retain employee communications using platforms such as WhatsApp.

17 December 2021

Get unlimited access to all Global Investigations Review content