News

Senior Goldman Sachs sanctions lawyer moves to Steptoe

Steptoe & Johnson have recruited former Treasury Department official Dave Stetson from US bank Goldman Sachs, where he had been co-head of sanctions compliance.

01 June 2021

In Cognizant FCPA case, a fight over investigation documents escalates

Former executives of a New-Jersey based information technology company expressed frustration that their former employer, Cognizant, has in their view improperly withheld vital information tied to their foreign bribery prosecution.

28 May 2021

People News: Danske Bank nabs new chief risk officer

In the latest people news roundup, Danish lender Danske Bank has hired the former chief risk officer at Sweden’s SEB Bank and Estonia has appointed a new head of its financial intelligence unit.

28 May 2021

PNF forensic accounting expert moves to private practice

Forensic Risk Alliance has nabbed a forensic accountant from France’s National Financial Prosecutor’s Office to bolster its Paris office.

28 May 2021

Julius Baer agrees DPA with DOJ after costly AML compliance failures

Swiss bank Julius Baer has entered into a $79 million settlement with the US Department of Justice over its role in laundering bribes tied to the Fifa corruption scandal.

27 May 2021

Pandemic fraud prosecutions put spotlight on DOJ priorities

The drive to prosecute pandemic-related fraud could have wider effects on the Justice Department as it transitions to meet the wave of new cases.

27 May 2021

Ex-UK MOD official denies Saudi corruption charges

A former UK Ministry of Defence official has pleaded not guilty in a London court to engaging in corruption in connection with work carried out for the Saudi Arabian National Guard.

27 May 2021

UK FRC beefs up fraud-spotting standards for auditors

The UK accounting regulator has imposed new standards on how auditors in the UK should act when they suspect fraud, a move that experts say will improve standards in the industry.

27 May 2021

Whistleblower tips continue to increase, says SEC enforcement director

“I haven’t seen it stop yet,” said the acting SEC enforcement director of the soaring increase in reports whistleblowers are bringing to the regulator.

26 May 2021

DOJ continues to crack down on Odebrecht money laundering

The US has charged two former bank executives accused of participating in a money laundering scheme that saw hundreds of millions of dollars in bribes move secretly around the globe.

26 May 2021

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