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DOJ unspools “financial gymnastics” in 1MDB case

DOJ unspools “financial gymnastics” in 1MDB case

September 17, 2020, Just Anti-Corruption

Prosecutors continue to seek the proceeds of corruption linked to 1MDB, this time going after funds tied to an arbitration dispute.

Manhattan judge slams prosecutors over handling of sanctions case

Manhattan judge slams prosecutors over handling of sanctions case

September 17, 2020, JUST SANCTIONS

A Manhattan federal court judge has excoriated prosecutors for the botched prosecution of an Iranian businessman almost two months after she formally dismissed the case over persistent issues with evidence disclosure.

Deloitte handed record fine over “serious and unusual” failures on Autonomy audit

Deloitte handed record fine over “serious and unusual” failures on Autonomy audit

September 17, 2020, GIR

Big Four consultancy Deloitte has received a £21.6 million penalty following an investigation by the UK’s accountancy regulator into the firm’s audits of UK software company Autonomy, which is at the centre of a high-profile fraud scandal.

Julius Baer nears resolution over Fifa scheme

Julius Baer nears resolution over Fifa scheme

September 16, 2020, Just Anti-Corruption

The Swiss bank said it is in advanced settlement negotiations with the DOJ over its role in the Fifa corruption scheme.

High Court clarifies privilege rules for foreign lawyers

High Court clarifies privilege rules for foreign lawyers

September 16, 2020, GIR

A judge overseeing a dispute between Russian oil company Tatneft and four Ukranian businessmen, including Igor Kolomoisky, has ruled that foreign lawyers’ communications are protected by legal professional privilege.

Judge sides with Ternium in “Notebook” bribery lawsuit

Judge sides with Ternium in “Notebook” bribery lawsuit

September 16, 2020, Just Anti-Corruption

A Brooklyn federal judge rejected shareholder claims that they had been misled by the steel product manufacturer over alleged misconduct tied to the Argentinian “Notebook” bribery scandal.

Compliance overhaul helps Daimler reach emissions cheating settlement

Compliance overhaul helps Daimler reach emissions cheating settlement

September 15, 2020, GIR

German car manufacturer Daimler implemented a wide-ranging compliance plan before reaching a $1.5 billion settlement with three US agencies to resolve claims that the company fitted Mercedes-Benz vehicles with emissions cheating devices.

Behind Danske Bank’s recruitment drive to revamp its compliance

Behind Danske Bank’s recruitment drive to revamp its compliance

September 15, 2020, GIR

Philippe Vollot, Danske Bank’s chief compliance officer, spoke to GIR about his “obsession” with bringing in a new wave of experts to overhaul the bank’s compliance culture in the wake of a huge money laundering scandal.

Judge addresses coordination between DOJ and SEC in Cognizant case

Judge addresses coordination between DOJ and SEC in Cognizant case

September 15, 2020, Just Anti-Corruption

A New Jersey federal judge has examined the nuances of when work between agencies is considered a joint investigation or merely coordination.

DOJ prosecution tainted by privilege violations, former AGs tell appeals court

DOJ prosecution tainted by privilege violations, former AGs tell appeals court

September 14, 2020, Just Anti-Corruption

“The government in this case eviscerated the defendant’s attorney-client privilege and work-product protection,” former senior DOJ officials told the Eleventh Circuit in a healthcare fraud appeal. “Dismissal is the only remedy that can fix these pervasive violations.”