Global Investigations Review - The law and practice of international investigations

anti-money laundering

Westpac signs Australia’s largest corporate settlement over money laundering breaches

Westpac signs Australia’s largest corporate settlement over money laundering breaches

24 September 2020

Australia’s attorney general called the bank’s anti-money laundering record “abysmal” after it agreed to pay a fine that is close to double the previous highest corporate penalty in the country.

Behind Danske Bank’s recruitment drive to revamp its compliance

Behind Danske Bank’s recruitment drive to revamp its compliance

15 September 2020

Philippe Vollot, Danske Bank’s chief compliance officer, spoke to GIR about his “obsession” with bringing in a new wave of experts to overhaul the bank’s compliance culture in the wake of a huge money laundering scandal.

Switzerland launches two PDVSA money laundering investigations

Switzerland launches two PDVSA money laundering investigations

09 September 2020

The Swiss Attorney General’s Office is investigating individuals over allegations of money laundering tied to Venezuela’s state-owned oil and gas company.

FinCEN commits to avoid piling on

FinCEN commits to avoid piling on

19 August 2020

The US financial intelligence agency has outlined the factors it will take into account when making its enforcement decisions over anti-money laundering failures.

Swiss compliance officer convicted over 1MDB transaction

Swiss compliance officer convicted over 1MDB transaction

31 July 2020

A Swiss court has ordered a former compliance officer at private bank Coutts to pay 50,000 francs for intentionally breaching anti-money laundering laws in a case linked to the 1MDB scandal.

Spain fines ex-ICBC execs millions over money laundering scheme

Spain fines ex-ICBC execs millions over money laundering scheme

03 July 2020

Spain’s National Court has handed a €22.7 million fine and prison sentences to four former employees of Chinese bank ICBC over allegations they laundered millions of euros on behalf of Asian criminal organisations.

UK punishes Commerzbank over anti-money laundering failures

UK punishes Commerzbank over anti-money laundering failures

17 June 2020

The UK’s financial regulator has fined the London arm of German lender Commerzbank £37.8 million for failing to establish robust anti-money laundering controls.

Latvian police raid sites linked to ABLV bank

Latvian police raid sites linked to ABLV bank

15 June 2020

Latvia’s state police have searched dozens of premises in an ongoing probe into alleged money laundering of several hundred million euros at local bank ABLV.

Switzerland launches Tuna Bonds-linked probe

Switzerland launches Tuna Bonds-linked probe

05 June 2020

Swiss federal prosecutors have opened an investigation linked to an alleged bribery scheme concerning $2 billion in loans raised by Credit Suisse and Russian bank VTB for the government of Mozambique.

US targets funds from convicted individual’s failed property deal

US targets funds from convicted individual’s failed property deal

04 June 2020

Prosecutors in Alaska are seeking to seize $20 million tied to a vast money laundering and Iranian sanctions evasion scheme that is being held by a UAE investment fund.

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Reviews

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Europe, Middle East and Africa Investigations Review 2020

Highlights

Anti-Money Laundering Trends and Challenges

Deborah Luskin, Anant Modi, Selma Della Santina and Sarah Wrigley

Forensic Risk Alliance

Cleaning up the Mess: Effective Remediation in Internal Investigations in Africa

Benjamin S Haley, Sarah Crowder, Randall D Friedland and Thomas McGuire

Covington & Burling
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Guides

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The Guide to Monitorships - Second Edition

Highlights

9. Monitorships in East Asia

Jason J Kang, Daniel S Lee, Nan Wang, Ryan Middlemas and Hangil Lee

Kobre & Kim

10. Switzerland-ordered Monitorships

Simone Nadelhofer and Daniel Lucien Bühr

LALIVE
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Know-how

Extradition

Highlights

England & Wales

Anand Doobay

Boutique Law LLP

England and Wales

Anand Doobay

Boutique Law LLP

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