News

SDNY prosecutors face setback in Venezuela sanctions case over evidence disclosure

The matter comes mere months after a New York judge vacated the sanctions conviction of an Iranian businessman due to prosecutors’ persistent mistakes in turning over evidence.

03 November 2020

Germany investigates business dealings tied to UK DPA

Prosecutors in Frankfurt have launched a corruption investigation into individuals tied to a £2.2 million UK bribery settlement.

03 November 2020

FBI orders agent training following mistakes in dropped sanctions case

Prosecutors said an FBI discovery that its agents may have used evidence subpoenaed for a New York state criminal investigation into an Iranian businessman in an unknown number of federal investigations raises “substantial” concerns.

02 November 2020

Leading financial crime silk moves to Cohen & Gresser

Richard Kovalevsky QC, a barrister currently representing engineering company KBR as it challenges the SFO’s section 2 powers, will be the new head of Cohen & Gresser’s UK criminal defence practice.

02 November 2020

Huawei launches FOIA suit against US agencies in blockbuster sanctions case

Huawei has launched a lawsuit against several US government departments for failing to turn over material that the Chinese phone parts manufacturer says could prove charges against it and its CFO are politically motivated.

02 November 2020

Ex-Venezuelan treasurer charged in Miami money laundering case

Claudia Díaz is the second former Venezuelan treasurer to be prosecuted in the US for allegedly taking bribes from a TV mogul.

02 November 2020

Ex-Fifa general secretary convicted in Switzerland

A Swiss court has found former Fifa general secretary Jerôme Valcke guilty in a case over alleged bribery tied to the awarding of media rights to football tournaments.

30 October 2020

UK court signs off airline services bribery settlement

A UK court has approved a £2.2 million deferred prosecution agreement between Airline Services Limited and the Serious Fraud Office to resolve allegations that the company failed to prevent bribes being paid to win aircraft service contracts in Germany.

30 October 2020

How to navigate corruption risks with state-owned enterprises in the oil and gas sector

Shearman & Sterling’s Philip Urofsky and Jesse Van Genugten discuss how to adapt compliance programmes in the oil and gas sector to better protect companies from the expansive reach of the FCPA.

30 October 2020

South Africa’s governance structures need an overhaul to address corruption challenge

The positive momentum by the South African government in confronting governance failures must be welcomed, but it will require far more than political will to effectively address the high levels of systemic corruption, Petrus Marais and Lloyed Rakgoale at FTI Consulting and Karam Singh and Caroline James of Corruption Watch argue.

30 October 2020

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