Region: Europe

JPMorgan attacks Nigeria’s case theory in OPL 245 fraud lawsuit

On the final day of a civil trial over JPMorgan’s liability in a Nigerian bribery scandal, the bank said Nigeria’s reluctance to implicate a former president in corruption has hamstrung the case.

07 April 2022

Spanish prosecutors seize yacht in first win for US sanctions task force

A multi-agency US task force hunting Russian sanctions evaders has recorded its first asset seizure. “It will not be the last,” said the US attorney general.

05 April 2022

OFAC slashes S&P Russian sanctions settlement bill, citing enhanced compliance

Featured in In-house

The business intelligence company faced a penalty of over $1 million after OFAC alleged finance staff doctored invoices to a Russian state energy company to try to skirt US sanctions.

04 April 2022

Ankura beefs up its investigations practice with three senior hires

Global consultancy Ankura has added three new senior managing directors to its growing investigations practice in London.

04 April 2022

Germany increases scrutiny on foreign banks with suspected ties to cum-ex trades

German prosecutors have recently searched Barclays, Merrill Lynch and auditor EY as part of the country’s investigation into the multi-billion-euro cum-ex scandal.

01 April 2022

Swiss sanctions enforcer rattles legal community with disclosure stance

The Swiss ministry responsible for investigating economic sanctions breaches has doubled down on its position that lawyers have a duty to disclose assets held by sanctioned clients.

01 April 2022

Dutch authorities investigate Glencore

Featured in In-house

01 April 2022

DOJ declination confirms SFO probe into UK insurer

Featured in In-house

A recent Justice Department letter stated it will credit millions in disgorgement paid by JLT against a future settlement with the SFO, in an apparent first official confirmation of the anti-fraud office’s linked probe into the company.

31 March 2022

Switzerland sets its sights on another lender in Petrobras case

Featured in In-house

Swiss prosecutors have raided the offices of Pictet over the private lender’s suspected links to a widespread corruption scandal involving Brazilian state oil company Petrobras.

31 March 2022

Appeals court upholds Deripaska sanctions designation

30 March 2022

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