News

Ireland slaps WhatsApp with GDPR fine over data processing arrangements

Ireland’s privacy watchdog fined WhatsApp €225 million, the second largest GDPR penalty to date after Luxembourg’s €746 million fine to US online retailer Amazon in July.

03 September 2021

DOJ secures privilege win in Eleventh Circuit ruling

The appeals court backed the DOJ’s use of an in-house filter team to help sift out privileged documents during a money laundering investigation.

02 September 2021

Singapore charges UK national in Wirecard-linked probe

Singaporean police have charged a UK national with allegedly taking part in a fraud scheme at a company with links to collapsed German payment company Wirecard.

02 September 2021

FRC accuses KPMG and employees of misconduct during audit inspections

The UK’s accountancy regulator has accused KPMG of misleading reviews into audits of collapsed outsourcing company Carillion and data management company Regenersis.

01 September 2021

Privilege difficulties continue to trouble DOJ

US prosecutors across the country are struggling to find an effective way of handling privileged materials taken during a criminal investigation. “The rank and file are frustrated”, said one former prosecutor.

31 August 2021

US sanctions enforcer dings Romanian bank and US private equity company

OFAC said that the issue stemmed from First Bank’s erroneous belief that US sanctions don’t apply to companies operating outside the country.

31 August 2021

DOJ actions against bitcoin mixers show focus on AML compliance

Bradley Henry and Kraig Ahalt at Michelman & Robinson in New York argue that AML compliance must be squarely on the radar screens of businesses engaged in the exchange or transfer of cryptocurrency in the wake of a recent federal court conviction in the US and ongoing scrutiny by multiple federal agencies.

31 August 2021

Brazil charges French engineering company execs with corruption

Brazilian prosecutors have filed criminal complaints against two executives at French engineering company Doris Group over allegedly corrupt platform vessel contracts worth more than $200 million.

27 August 2021

Bank of China settles US sanctions probe

The US Treasury Department’s sanctions enforcer has slapped the Bank of China’s UK arm with a $2.3 million penalty for executing over $40 million worth of transactions on behalf of Sudanese customers.

27 August 2021

People News: MIMF Unit official heads to private practice

The principal assistant chief of the Fraud Section’s market integrity and major frauds unit is joining a law firm in Washington, DC, and Dechert has hired a former federal prosecutor who featured in GIR’s most recent Women in Investigations survey.

27 August 2021

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