Global Investigations Review - The law and practice of international investigations

OFAC

Amazon settles US sanctions probe

Amazon settles US sanctions probe

08 July 2020

US online retailer Amazon has agreed to pay $134,523 to settle apparent violations of US sanctions caused by failings in software designed to detect potential dealings with barred individuals.

Seychelles entity sues US Treasury over frozen Deutsche Bank money

Seychelles entity sues US Treasury over frozen Deutsche Bank money

23 June 2020

The owner of Transylvania International Airlines has called the Treasury Department's refusal to unblock the funds held at Deutsche Bank arbitrary and capricious.

Tech company faces sanctions scrutiny

Tech company faces sanctions scrutiny

01 June 2020

Singapore-based technology company Flex said it expects to report the results of an internal investigation to the US sanctions enforcer in early 2021.

US sanctions enforcer has a quiet start to 2020

US sanctions enforcer has a quiet start to 2020

15 May 2020

The monetary penalties imposed by the US Treasury Department's Office of Foreign Assets Control this year are a fraction of what it had handed down at the same time in 2019.

Ex-top US sanctions official joins fintech investment firm

Ex-top US sanctions official joins fintech investment firm

11 May 2020

Sigal Mandelker, who previously led the US Treasury Department’s sanctions and money laundering efforts, has joined a venture capital firm focused on disrupting the financial services industry.

Iron Mountain reports potential sanctions breaches

Iron Mountain reports potential sanctions breaches

11 May 2020

Information management company Iron Mountain is investigating whether one of its subsidiaries violated US sanctions by providing services to an Iranian state-owned entity.

OFAC settles with animal nutrition company over Cuba breaches

OFAC settles with animal nutrition company over Cuba breaches

06 May 2020

OFAC offered Biomin a penalty reduction based in part on its hiring of lawyers and export control experts to train senior management.

PayPal hires Dechert counsel for sanctions director role

PayPal hires Dechert counsel for sanctions director role

05 May 2020

US financial services provider PayPal has recruited former OFAC policy advisor Sean Kane as a director of sanctions and anti-money laundering.

American Express singled out for WMD sanctions violations

American Express singled out for WMD sanctions violations

30 April 2020

OFAC said the breaches were the result of a mixture of human error and shortcomings in the company’s sanctions screening software.

Swedbank report criticises former CEOs for money laundering failures

Swedbank report criticises former CEOs for money laundering failures

23 March 2020

An internal investigation report into compliance problems at Swedbank between 2007 and 2019 has focused on the bank’s former CEOs, potentially inaccurate market disclosures and new details about the bank’s alleged sanctions violations.

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Insight

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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