Topic: Enforcement

FCA closes investigation into Odey Asset Management

13 December 2023

Creation of EU anti-money laundering body progresses

The Anti-Money Laundering Authority will directly supervise “high-risk” financial companies and have the power to fine entities for “serious, systematic or repeated” AML breaches.

13 December 2023

Dutch Attorney General: expand investigating judges’ role in privilege calls

The Dutch Supreme Court has been advised to give investigating judges a broader remit in privilege filtering than the law currently prescribes while legislative changes are underway.

12 December 2023

EPPO charges staff at Alstom joint venture in Greece

European prosecutors have charged five private sector workers and 18 public officials over long-running delays and overspends on an EU-backed project to modernise a Greek railway line where the country’s deadliest-ever train crash recently occurred.

12 December 2023

UK government announces new trade sanctions enforcement agency

Featured in Investigator's Guide to the UK

Sanctions practitioners welcomed the new Office of Trade Sanctions Implementation and hope it will help bring transparency to a complicated and opaque enforcement system.

11 December 2023

Nasdaq to pay $4m in OFAC settlement

The US civil sanctions agency said that the Nasdaq case highlights the importance of implementing compliance procedures in newly acquired businesses, “routine” assessments of non-US subsidiaries’ awareness of applicable sanctions and the timely remediation of compliance deficiencies.

11 December 2023

Defence blasts Estonian investigation at Danske Bank-linked money laundering trial

An ex-Danske Bank manager accused of helping criminals launder illicit funds through the Danish lender claims prosecutors made a series of fatal missteps during their investigation.

08 December 2023

Türkiye strives to get off FATF grey list

Türkiye’s push to improve its anti-money laundering and terrorism finance policies is well underway, but further resources are needed to increase enforcement and judicial capacity, a local lawyer has said.

08 December 2023

Belgian authorities arrest suspect in export control evasion scheme

The owner of a Belgian supply management company allegedly sent accelerometers, surveillance cameras and reprogrammable circuits to China and Russia, prosecutors say.

07 December 2023

Chinese smartphone maker charged in India with money laundering

07 December 2023

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