Topic: Money laundering

US judge acquits ex-Fox exec and marketing company in football bribery case

District Judge Pamela Chen said Hernán López and Full Play Group can’t be convicted under the honest services wire fraud statute following a ruling by the Supreme Court. The decision could spur further motions for acquittal.

05 September 2023

FCPA Docket: Fugees rapper hires top law firm

Fugees rapper Pras Michel hired a Washington, DC law firm to represent him following his conviction last spring; the DOJ said an adoption provider can pay for foreign officials to travel to the US; a witness in a trial of former Malaysia prime minister Najib Razak detailed how he got paid in the 1MDB scandal.

31 August 2023

Connecticut oil executive charged in Petrobras bribery scheme

Prosecutors say Gary Oztemel conspired with his brother and a Brazil-based fixer to bribe Petrobras officials and launder proceeds of the scheme.

30 August 2023

US asks to seize Picasso drawing tied to 1MDB scandal

The drawing was allegedly purchased at an auction by former 1MDB general counsel Jasmine Loo, who was arrested by Malaysian authorities in July.

29 August 2023

PNF closed Rio Tinto-linked investigation after securing banker’s conviction

French prosecutors secured the conviction of the banker at the centre of the Guinea corruption scandal on tax evasion charges.

29 August 2023

DOJ charges Tornado Cash founders with sanctions evasion, money laundering

The men are accused of allowing North Korea’s Lazarus Group to launder some $455 million through their cryptocurrency mixing service. A lawyer for one of the defendants claims he was charged “because he helped develop software”.

24 August 2023

Dutch bank faces fine over AML failings

11 August 2023

BaFin halts payments at Varengold over Iran concerns

Germany’s financial regulator has ordered Hamburg-based bank Varengold to stop processing certain transactions until its anti-money laundering systems meet legal requirements.

04 August 2023

Counsel Watch: Petrobras seeks damages in Switzerland over alleged money laundering

In the latest counsel watch, Brazilian state oil company Petrobras has hired lawyers for proceedings in Switzerland linked to Operation Car Wash, and former US attorney general Loretta Lynch has a new mandate for a major university.

04 August 2023

Dubai regulator fines Swiss bank $3 million over AML failures

01 August 2023

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