Region: Africa & Middle East

Jacobs Group case creates roadmap for foreign bribery investigations in Australia

A recent decision by an Australian appeal court in a foreign bribery case outlined the sentence discounts companies can expect if they cooperate with corruption probes.

05 October 2022

OFAC fines email gift card issuer

OFAC issued new guidance for businesses supplying “instant payment systems” after finding that Tango Card committed thousands of potential sanctions breaches, racking up a maximum penalty of $9.2 billion.

03 October 2022

ABB puts $325 million aside for South Africa probe

30 September 2022

London judge orders extradition of alleged cum-ex trader to Denmark

Anthony Patterson faces up to 12 years in Danish prison if found guilty in the Nordic country.

20 September 2022

US adds Iranian aircraft to export controls violations list

20 September 2022

People news: In-house compliance hires at Eurotrader, Purplebricks and others

An estate agent, a university and a US technology company are among the companies that have filled in-house compliance roles in the latest people news roundup.

09 September 2022

Steinmetz challenges Swiss bribery conviction

The Israeli mining magnate has switched up his legal team as he attempts to overturn his landmark foreign bribery conviction.

31 August 2022

UAE regulator orders Wise to pay $360,000 for AML failures

31 August 2022

People News: new SEC and NCA appointments

In the latest roundup, two enforcement agencies appoint new directors, while a food processing company named a new CCO.

23 August 2022

AfDB sanctions appeals board confirms debarment of Ivorian construction company

The African Development Bank’s integrity unit said Entreprise de Commerce et de Construction Immobilière falsified documents in its bid for a construction project in the buildings that host the bank.

16 August 2022

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