Region: United States of America

Elgawhary's Arguments to Dismiss Are 'Strained' and 'Flawed,' U.S. Says

The former Bechtel Corp. executive accused of accepting bribes to help Alstom SA and other companies win power contracts in Egypt is also in plea discussions.

23 September 2014

BNP Paribas hires ex-OFAC chief counsel for sanctions compliance role

A former chief counsel at OFAC will join BNP Paribas as counsel for the French bank’s US sanctions compliance group, according to reports. Sean Thornton, who was most recently at Skadden Arps Slate Meagher & Flom, was chief counsel of the US Treasury’s Office of Foreign Assets Control between 2005 and 2012.

19 September 2014

GIR Live: Expose and provide evidence on culpable individuals, DoJ official says

The US Department of Justice will continue to focus on prosecuting individuals, the principal deputy assistant attorney general for the criminal division, Marshall Miller, said on Wednesday at GIR Live in New York.

18 September 2014

US announces new Iran sanctions

The US Department of the Treasury has announced sanctions against parties linked to Iran, including five Iranian banks, two logistics companies and two airlines, in an attempt to target Iran’s missile and nuclear programmes, and its alleged support for terrorist organisations.

01 September 2014

Freshfields partner moves in-house

Featured in In-house

Freshfields Bruckhaus Deringer partner Matthew Friedrich, a former head of the DoJ’s Criminal Division, has left the firm’s Washington, DC office to join US-headquartered energy company Chevron as in-house counsel.

27 August 2014

Beyoncé and Jay Z cleared of sanctions breach accusations

The US Treasury's Office of Foreign Assets Control (OFAC) has confirmed there is "no indication" artist couple Beyoncé Knowles and Jay Z violated US sanctions against Cuba when they travelled to the country in 2013.

21 August 2014

Standard Chartered settles AML charges

UK bank Standard Chartered has agreed to pay US$300 million to settle anti-money laundering charges brought by the New York State financial regulator after a monitor discovered failures in the bank’s internal compliance controls.

20 August 2014

PwC penalised after redacting bank investigation report

Auditor PwC has admitted removing important information from an internal investigation report examining sanctions breaches at Bank of Tokyo-Mitsubishi before sending it to New York’s Department of Financial Services.

19 August 2014

Akin Gump hires sanctions lawyer

Former Baker & McKenzie lawyer Jonathan Poling has joined Akin Gump Strauss Hauer & Feld as partner in its international trade practice in Washington, DC.

15 August 2014

Fried Frank hires sanctions specialist from Steptoe & Johnson

Fried Frank Harris Shriver & Jacobson has hired special counsel Michael Gershberg in Washington, DC, where he will focus on economic sanctions and export controls.

14 August 2014

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