Region: Africa & Middle East

Australian regulator issues first greenwashing fine

Australia’s securities regulator has handed its first-ever greenwashing penalty to a listed energy company that allegedly lied about sustainability measures at an electricity plant it operates in Botswana.

27 October 2022

Glencore facing potential $50 million restitution claim from medical company owners

The owners of a medical services company says the Anglo-Swiss commodities trader appointed a “bogus doctor” to manage clinics their company operated for workers in Glencore-owned mines.

26 October 2022

Nigeria loses bid for victim compensation in Glencore’s UK bribery case

A London court has denied a request from the Nigerian government to receive compensation from Glencore over bribes the commodities trader has admitted paying to a state oil company.

26 October 2022

Barclays challenges FCA fine over historic Qatari fundraising

The UK’s financial regulator has hit Barclays with a £50 million penalty over a long-running case which saw the bank defeat related criminal charges in 2018.

21 October 2022

French cement producer to pay $778 million for ISIS payments

Lafarge and its Syrian subsidiary pleaded guilty to “unprecedented charges” related to payments it made to terrorists groups to protect a cement plant near the Turkish border.

18 October 2022

People News: trio of White House lawyers leave for private practice

In the latest roundup, three former White House officials have departed for private practice, and firms have recruited ex-enforcement officials from the SEC and the Manhattan federal prosecutor’s office.

07 October 2022

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

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