Region: Asia-Pacific

The Dhaka-based company admitted to engaging in “corrupt and fraudulent practices” related to a bank-funded project to improve water access in Chattogram.

01 November 2023

Medical device maker GE Healthcare said in a financial report that it had disclosed potential FCPA violations to the SEC and DOJ in 2018 related to its operations in China, and the FCPA unit is seeking a permanent second-in-command.

31 October 2023

Prosecutors said George Higginbotham should serve a reduced sentence in light of his “expansive” cooperation with the government’s investigation into two secret campaigns to lobby the Obama and Trump administrations.

30 October 2023

A salesman for shipbuilder Privinvest has denied paying bribes to any public officials in the Republic of Mozambique during testimony in a long-running UK civil suit the country has brought against his employer.

30 October 2023

In the latest round-up of sanctions developments, oligarch Mikhail Fridman has lost a tussle with OFSI for permission to make further payments towards the upkeep of his house, and a US automotive electronics supplier is still waiting to hear from OFAC almost a decade after a voluntary self-disclosure of potential sanctions breaches.

27 October 2023

Seven people have been charged and Austrac is taking regulatory action following “the most complex AFP-led money-laundering investigation in the nation’s history” targeting Changjiang Currency Exchange.

26 October 2023

An evidentiary hearing has been set for December to help the court determine whether Pras Michel, who was convicted for his role in the 1MDB scandal, should be granted a retrial.

25 October 2023

The development bank said the company has been barred from bidding on contracts for more than three years because it misrepresented its finances and later obstructed an investigation by the bank’s anti-corruption unit.

19 October 2023

19 October 2023

Australian lawyers said that the recent judgment confirms that the threshold in Australia for overturning a sanctions designation is even higher than in the UK.

13 October 2023