Region: Africa & Middle East

Ex-Petrofac executive’s sentencing delayed

A London court has adjourned the sentencing of former Petrofac executive David Lufkin, who has pleaded guilty to 14 counts of bribery.

11 February 2021

Huawei accuses US prosecutors of sitting on exculpatory evidence

Chinese telecommunications company Huawei has accused US prosecutors of making insufficient and delayed disclosures of potentially exculpatory material in a repeated request for information it says is critical to its defence.

08 February 2021

Angola asks Dutch court to seize dos Santos-linked assets

08 February 2021

Ex-SBM Offshore executive says he was unaware of bribery

A former executive of Dutch oil services company SBM Offshore, accused of taking part in an Iraqi bribery scheme, has told a London court that he was unaware of any illicit payments.

04 February 2021

US prosecutors target China-bound oil shipment

Federal prosecutors in Washington, DC, are attempting to seize a shipment of crude oil allegedly being transported to China at the direction of Iran’s Islamic Revolutionary Guards.

03 February 2021

French banking regulator dings Moroccan lender for anti-money laundering failures

The regulatory arm of the Bank of France has issued a €500,000 fine against the European subsidiary of a Casablanca-based bank for violating French anti-money laundering regulations.

02 February 2021

Australian tax agency reaches $105 million settlement with Israeli banks

Israeli lender Israel Discount Bank and its subsidiary, Mercantile Discount Bank, have agreed to pay $105 million to settle claims they helped a wealthy Australian family evade income tax.

01 February 2021

UAE fines 11 banks for anti-money laundering failures

01 February 2021

US adhesives company avoids penalty as OFAC probe ends

Minnesota-based adhesives manufacturer HB Fuller says the US Treasury Department has concluded an investigation into potential breaches of sanctions on Iran with a warning.

27 January 2021

Steinmetz corruption conviction a “milestone” for Geneva prosecutors

The recent bribery conviction of mining magnate Beny Steinmetz is a great success for Geneva’s Public Prosecutor’s Office and shows that foreign corruption stemming from the canton will be met with harsh penalties, local lawyers say.

25 January 2021

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