News

White-collar defence market sees increase in work and recruitment

Recent Biden administration announcements have sparked an uptick in corporate enforcement work, increasing the demand to hire white-collar defence lawyers. “We’re seeing an explosion of cases,” one lawyer said.

17 December 2021

FCA fines HSBC over AML failings

The UK’s financial regulator has fined UK bank HSBC £63.9 million after it found serious weaknesses in the bank’s transaction monitoring systems.

17 December 2021

Low number of new SFO cases sparks concern

The number of criminal cases on the Serious Fraud Office’s books has almost halved in the past three years.

16 December 2021

France fails to investigate major bribery allegations, says review group

An OECD anti-bribery body has raised concerns about French authorities’ failure to investigate corruption allegations against major local companies.

16 December 2021

After boom years, demand for FCPA work in Brazil calms

After a frenzy of FCPA-related work in Brazil during Operation Car Wash, demand for anti-bribery services in the country has become steady, rather than spectacular.

16 December 2021

Q&A with former DOJ prosecutor Sujit Raman

Former senior DOJ prosecutor Sujit Raman, now at Sidley Austin in Washington, DC, spoke to GIR about the increasing national security dimension to US corporate crime enforcement and the impact of emerging technology on white-collar investigations.

16 December 2021

SEB faces huge German tax fraud claim

Swedish bank SEB has vowed to fight German authorities’ attempts to force it to pay €1 billion following an investigation into whether it engaged in a large tax fraud scheme.

15 December 2021

Convicted former Petrofac executive ordered to forfeit annual bonuses

A former top sales executive at oil services company Petrofac must disgorge £141,000 in profits from his role in several foreign bribery schemes.

15 December 2021

Swiss court convicts private bank over laundered 1MDB funds

Switzerland’s federal criminal court has ordered Falcon Bank to pay $11.6 million after the private lender processed funds stolen from Malaysian development fund 1MDB.

15 December 2021

FAA official called me a “scapegoat” for crashes, says former Boeing executive

A US aviation regulatory official said Boeing’s former chief technical pilot was being made a scapegoat for failures that led to two aircraft crashes, according to a recent court filing.

15 December 2021

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