Work Area: Anti-money laundering

Wife of former Chadian ambassador fights US forfeiture claim

Prosecutors accuse Nouracham Bechir Niam and her husband of taking bribes from a Canadian energy startup in exchange for lucrative oil rights in Chad. The US has designated the couple, who left the country in 2013, as fugitives.

23 January 2024

New Brown Rudnick partner: timeframe for SFO investigations should be capped

In an interview after joining his new firm, Paul Feldberg, a former SFO prosecutor, said that the agency’s lengthy investigations can affect its credibility as a prosecuting body

23 January 2024

ICBC fined $32m in the US for compliance failures, disclosing of confidential information

Investigations by the DFS and Federal Reserve revealed that the Chinese bank’s anti-money laundering and OFAC sanctions screening programmes were deficient for years, among other failings.

22 January 2024

Ex-wife of Miami investment adviser reaches forfeiture deal with US

Olympia De Castro locked horns with prosecutors for years after her ex-husband, Gustavo Adolfo Hernandez Frieri, was ordered to forfeit $12 million for taking part in a massive corruption scheme tied to Venezuela’s state oil company.

19 January 2024

Crypto trading company to pay penalty, surrender licence for compliance failures

15 January 2024

Ex-prosecutors: arbitration corruption findings against Worley will interest DOJ

An arbitration tribunal found in December that Australian engineering business Worley was “willfully blind” to the corruption of a subcontractor and likely violated the FCPA by paying for Ecuadorean officials’ trips to the US.

12 January 2024

Singapore considers expanding financial regulator’s investigative powers

Singapore’s parliament is considering a bill that would give the country’s financial regulator wider investigative powers and facilitate greater cross-agency evidence sharing.

11 January 2024

Fifth Circuit walks back judge’s rebuke of so-called “bad faith” prosecutors

The appeals court affirmed the decision to dismiss the PDVSA-linked corruption case because the 70-day clock under the Speedy Trial Act had expired, however.

10 January 2024

Hong Kong

Featured in The Practitioner’s Guide to Global Investigations - Edition 8

It is common practice for an internal investigation to begin with the drafting of an investigation plan detailing the objectives, scope, roles and responsibilities for the investigation.

10 January 2024

Middle East Overview

Featured in The Practitioner’s Guide to Global Investigations - Edition 8

Increasingly robust but relatively new regulations mean that, while rates of investigations into public and private companies are rising, whistleblower hesitancy and opaque corporate structures are hurdles that remain across the region.

10 January 2024

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