Region: Switzerland

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

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

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

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

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

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

30 November 2022

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

Featured in In-house

In the latest roundup, Swiss lender Credit Suisse has brought in a new chief compliance officer after her predecessor was in the role for just one year, while several law firms have announced promotions to partner level.

03 November 2022

A prosecutor described how Glencore executives flew to African countries in private jets packed with cash bribes, as the commodity trader’s UK subsidiary awaits its sentence on Thursday.

02 November 2022