Topic: International cooperation

1MDB discontinues JPMorgan suit

The sovereign wealth fund asked a Kuala Lumpur court for permission to refile its claim in the future, according to an SEC filing.

04 May 2023

EU seeks to harmonise corruption enforcement

The European Commission has published a proposed directive to standardise the legal framework and penalties for corruption-related crime, estimated to cost the EU economy at least €120 billion per year.

04 May 2023

Alvarez & Marsal to support Glencore monitorship

Glencore announced in its annual ethics report that its recently-accepted compliance monitors will be working with the forensic accounting firm.

28 April 2023

Switzerland charges PetroSaudi managers over 1MDB scandal

Swiss prosecutors have charged two executives at Saudi oil services company PetroSaudi over their alleged roles in schemes to embezzle at least $1.8 billion from Malaysian wealth fund 1MDB.

26 April 2023

Banker fails to delay UK extradition proceedings in Odebrecht-linked case

A London court will decide in June whether to extradite the former CEO of Austrian lender Meinl Bank after denying a request to delay the decision while the banker’s lawyers consider fresh evidence obtained from Switzerland.

26 April 2023

Top Swiss prosecutor clears the decks during first year in charge

Prosecutors dropped more than 600 investigations in 2022 as Stefan Blättler took over the reins of Switzerland’s federal prosecution office.

21 April 2023

Dubai court upholds Danish extradition of British businessman in cum-ex case

Dubai’s highest court has rejected Sanjay Shah’s appeal against his extradition to Denmark, where he is accused of stealing over $1 billion through a complex tax fraud scheme.

06 April 2023

DOJ official in Argentina outlines evidence-gathering struggles

The US Department of Justice’s legal adviser in Argentina has said that helping local prosecutors obtain digital material from the US is one of the biggest difficulties she faces in her role.

05 April 2023

Argentinian prosecutor: informal information sharing makes cross-border cases

A prosecutor at the country’s economic crimes and money laundering unit said that the rise in informal information sharing between local prosecutors and their foreign counterparts in recent years has greatly eased the challenges of obtaining evidence from abroad.

31 March 2023

DOJ recovers $53 million from Nigerian oil industry corruption

The DOJ said it plans to work with Nigeria to use the funds for the benefit of the country’s citizens.

29 March 2023

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