News

Weissmann goes in-house

The former Fraud Section chief and Russia investigation prosecutor recently left Jenner & Block.

26 August 2021

Baltic authorities target Estonian bank in coordinated action

Financial regulators in the Baltic states have urged Estonian bank Luminor to improve its anti-money laundering measures after authorities conducted coordinated searches that revealed deficiencies in its branches across the region.

26 August 2021

Canadian court orders retrial in Cryptometrics bribery case

An Ontario court has thrown out the bribery convictions of two former employees at US biometrics company Cryptometrics, ruling that the judge who oversaw their case should have declared a mistrial.

25 August 2021

Senior Fraud Section official leaves DOJ

Albert Stieglitz left the Fraud Section last week, sources said.

24 August 2021

Ex-FinCEN officials: SEC action undermines US anti-money laundering efforts

A controversial SEC anti-money laundering case brought to the US Supreme Court presents a “unique opportunity to make clear to the courts, regulators, and industry alike” that FinCEN has exclusive authority to enforce the Bank Secrecy Act and its regulations, two former agency officials argue.

24 August 2021

Ex-El Salvador football official pleads guilty in Fifa probe

The former president of El Salvador’s football federation is the latest to admit to his role in an international corruption scheme.

23 August 2021

Dubai sets up money laundering court

Dubai has announced the establishment of a specialised money laundering court designed to combat financial crime as part of the UAE’s push to strengthen its defences against illicit money flows.

23 August 2021

It’s not an “ego fight”: The do’s and don’ts of monitorships

In this roundtable, experts from around the world discuss what authorities, companies and monitors should do to ensure that a period of compliance oversight ends successfully. “A monitorship is not a litigation process,” warned one practitioner.

20 August 2021

Freshfields partner heads to Zuckerman

Dan Braun, a former senior Fraud Section official, has moved to Zuckerman Spaeder.

19 August 2021

Netherlands chastises Binance amid global scrutiny

Financial regulators across the world have criticised Binance’s business practices in recent months, warning that the cryptocurrency exchange is operating illegally in their respective countries and may be exposing customers to increased money laundering risks.

19 August 2021

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