OECD anti-bribery chair: countries must act together to avert pandemic-linked corruption

As the covid-19 pandemic pushes countries in the region to look inwards, rising nationalism in parts of Latin America is brewing a “perfect storm” that threatens to set anti-corruption efforts back decades if insufficient action is taken, warns Drago Kos, chair of the Organisation for Economic Co-operation and Development’s (OECD) Working Group on Bribery.

27 October 2020

Australian treasury to investigate ASIC expense claims

The head of enforcement at Australia’s corporate regulator reportedly resigned and its chairman has stepped aside pending the outcome of an investigation into nearly AU$200,000 in expenses claimed by the pair in 2019.

26 October 2020

ABB negotiating settlement with South Africa’s Eskom

Swiss-Swedish robotics company ABB has said it is “working towards” reaching a resolution with South Africa’s state-owned utility company Eskom in connection to a well-publicised corruption case.

26 October 2020

Ex-Braskem CEO fails in bid to nix FCPA case

But in rejecting the motion to dismiss, the presiding federal judge said: "Defendant’s robust attack on the indictment does raise issues that may warrant critical attention after an evidentiary record has been established”.

23 October 2020

New SFO guidance clears up point on self-reporting

Freshly-released guidance from the UK’s anti-fraud agency provides clarity on how quickly companies should self-report possible misconduct to be eligible for a corporate settlement, according to an expert.

23 October 2020

Counsel Watch: the lawyers behind the Goldman Sachs settlement

In the latest counsel watch, the lawyers who ushered Goldman Sachs to its historic 1MDB settlement and an ex-head of FARA enforcement at the DOJ registers as a foreign agent.

23 October 2020

Compliance “double standard” cost Goldman Sachs dearly

US authorities highlighted how the bank failed to snuff out wrongdoing in the 1MDB scheme despite continued suspicions and significant red flags. “This has been an exceptionally trying experience I have to admit,” said one compliance executive.

23 October 2020

The GIR 100: The world’s leading investigations practices

The 2020 list of the most reputable investigations practices and specialist boutiques across the world features 16 new firms after receiving a record number of submissions.

23 October 2020

GIR Awards 2020 – The Winners

The awards ceremony, as well as of our tribute to the late Rod Fletcher, are now available to view in full.

22 October 2020

Goldman Sachs agrees historic 1MDB resolution

Goldman Sachs has agreed to a $2.9 billion global settlement with a record-breaking 10 authorities for its role in a corruption scheme. The resolution includes the largest-ever penalty paid to US authorities in a foreign bribery case.

22 October 2020

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