Region: Switzerland

Ukraine freezes mining company’s bank accounts

A Ukrainian court has frozen the bank accounts of a local subsidiary of Swiss-headquartered iron ore producer Ferrexpo at the request of Ukraine’s Office of the Prosecutor General.

07 February 2023

Swiss companies file fraud charges in UK court

Three individuals have been accused in a London court of defrauding a commodities trading business and a financial consultancy in Switzerland.

31 January 2023

Swiss court green-lights assistance for SFO’s Karimova investigation

The SFO has asked Swiss prosecutors to help it obtain the banking records of a Gibraltar company suspected of laundering bribes for the daughter of the ex-president of Uzbekistan.

16 January 2023

Counsel Watch: Gibson Dunn advises Binance on DOJ investigation

In the latest counsel watch, GIR looks at the white-collar lawyers acting for cryptocurrency company Binance, and those involved in recent cross-border bribery settlements and the US case against crypto company FTX’s founder Sam Bankman-Fried.

05 January 2023

Marshall Miller: ABB resolution shows DOJ is serious about new self-disclosure policy

ABB’s demonstration of intent to self-disclose bribery misconduct before a media report broke helped the repeat FCPA offender obtain a parent-level DPA, the principal associate deputy attorney general said.

07 December 2022

FCPA Docket: ABB settles SEC charges

The SEC levied a $75 million civil penalty on ABB, a Korean data company has been debarred from the World Bank, and Mexican bribery charges have been added to the DOJ’s case against Javier Aguilar.

05 December 2022

Glencore to pay $180 million to the DRC over corruption claims

Anglo-Swiss commodities trader Glencore will pay the Democratic Republic of Congo $180 million as part of an agreement over its alleged corrupt practices in the country.

05 December 2022

ABB to pay $327 million in multilateral bribery resolution

The Zurich-based industrial company entered resolutions with US, Swiss and South African authorities, while a resolution of a German investigation is anticipated.

02 December 2022

FCA fines Swiss bank £18m for corrupt dealings

30 November 2022

Glencore fined £281m in UK over Africa bribery schemes

A Glencore subsidiary received the UK’s highest-ever penalty for a corporate criminal conviction after a judge found that bribery was “part of the culture” on the trader’s West Africa oil desk.

03 November 2022

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