Topic: Money laundering

Entain hit with record betting fine over “unacceptable” compliance failings

A gambling company under investigation for failing to prevent bribery has been hit with a record fine for breaching industry compliance rules around suspicious funds in a separate probe.

17 August 2022

Singapore charges ex-Wirecard employees

Featured in Investigator's Guide to Singapore

Singaporean prosecutors have charged three former Wirecard employees and a local businessman over an alleged scheme to embezzle funds from a subsidiary of the collapsed German payments company.

17 August 2022

Switzerland to return stolen Uzbekistan assets via UN development fund

The Swiss and Uzbek governments have reached an agreement to return at least $131 million that was allegedly embezzled from Uzbekistan by the daughter of the country’s former president.

16 August 2022

Defendant in Tuna Bonds case spared prison time

Featured in Investigator's Guide to New York

A Brooklyn federal judge sentenced ex-Credit Suisse executive Detelina Subeva to time served for accepting $200,000 in illicit funds from her boss. A source close to the matter told GIR that Subeva did not spend any time in custody after she was arrested and processed by the FBI.

15 August 2022

South Africa fines local bank over AML failures

South Africa’s central bank has fined Nedbank 35 million rands ($2.1 million) after an inspection beginning in early 2019 identified various problems in its compliance with anti-money laundering legislation.

15 August 2022

Dutch authorities arrest suspected Tornado Cash developer

The arrest of the unnamed individual comes two days after the US placed Tornado Cash on its list of sanctioned entities.

12 August 2022

US obtains warrant for oligarch’s $90 million Airbus

A US federal judge has signed off on a request to seize a $90 million aeroplane owned by sanctioned Russian oligarch Andrei Skoch.

12 August 2022

FCPA Docket: Ex-Credit Suisse exec hit with $200,000 forfeiture order

A former Credit Suisse executive was hit with a forfeiture order; a medical device company said a whistleblower reported possible FCPA violations in Vietnam and a top employee at a crypto exchange pleaded guilty to wilfully failing to establish a proper anti-money laundering programme.

11 August 2022

Counsel Watch: The lawyers for Robinhood Crypto, JPMorgan and more

In the latest roundup, GIR looks at the lawyers who represented Robinhood Crypto before New York’s top financial regulator and those drafted in for recent settlements with financial crime prosecutors in France.

09 August 2022

FCPA Docket: Chemical business Albemarle in FCPA settlement talks with DOJ

A North Carolina chemicals business said it was in settlement talks with the DOJ and the SEC over possible FCPA violations; A federal appeals court stayed a Houston judge’s order to dismiss a Venezuelan bribery case over jurisdictional issues.

04 August 2022

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