Theranos founder loses bid to block customer blood test results in fraud trial

A US judge has rejected claims by the founder of Theranos that prosecutors destroyed a blood test database before an upcoming fraud trial, ruling that the medical device company and its former lawyers at WilmerHale never gave the US government access to it in the first place.

05 August 2021

UK’s OFSI fines fintech company over Russia sanctions breaches

The case marks the first time that a company has failed to reduce a proposed OFSI penalty following a ministerial review.

05 August 2021

Lawyers question SEC decision to revisit whistleblower rules

Gary Gensler, chairman of the US Securities and Exchange Commission, is evaluating whether two rules that were amended last year should be revised following criticism that they could discourage whistleblowers from coming forward.

04 August 2021

Florida businessman charged over Venezuelan oil and food contracts

Naman Wakil allegedly bribed officials at Venezuela’s state food and oil companies. Prosecutors say he used the proceeds to buy a plane, a yacht and a litany of Miami apartments.

04 August 2021

Costa Rican prosecutors to trial corporate liability law

Costa Rica’s sweeping investigation into alleged corruption in the construction sector will provide local prosecutors with a good opportunity to test the country’s corporate criminal liability law.

04 August 2021

Bermuda bank reaches $5.6 million US settlement for aiding tax evasion

Manhattan federal prosecutors have decided not to prosecute Bermuda-based lender NT Butterfield & Son for participating in a conspiracy to evade US taxes following the bank’s “extraordinary cooperation” with its investigation.

04 August 2021

American sues Fifa for bringing bribery charges

A former football coach accused Fifa of improperly sanctioning him over alleged corruption based on “grossly insufficient evidence”.

03 August 2021

EU seeks to reinforce function of bank compliance officers throughout the continent

The EU’s banking regulator has set out draft guidelines designed to establish a clear, consistent understanding of the role of anti-money laundering compliance officers in financial institutions across the bloc.

03 August 2021

People News: recent White House nominations and in-house moves

Featured in In-house

Over the past few weeks, President Joe Biden announced plans to appoint a serving national security prosecutor as a top export control official, and Credit Suisse’s latest compliance head left after just four months in the role.

03 August 2021

Medical technology company discloses Japan investigation

Edwards Lifesciences is investigating potential FCPA violations over grants and other payments made by employees in Japan.

02 August 2021

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