Work Area: Anti-money laundering

Former GPT financial controller: payments to subcontractor made me feel uncomfortable

A London court has heard that concerns raised by the former head of finance at defence company GPT about potential corrupt payments to Saudi officials were dismissed by senior company executives.

05 December 2023

Veteran foreign bribery prosecutor heads to private practice

In an interview with GIR, Michael Culhane Harper emphasised the importance of the DOJ’s relationships with foreign partners in bribery investigations.

05 December 2023

FCPA Docket: former Swiss asset manager opposes judge reassignment

Other recent developments include: a former Fifa official who served five years for his role in a commercial bribery scheme, has asked for his conviction to be vacated and a former programme manager for an adoption agency imprisoned for a foreign bribery scheme has been granted compassionate release.

04 December 2023

SFO seizes £466,000 from former Balli Steel executives

04 December 2023

Former Ecuadorian pension fund exec gets sentence reduction for cooperation

The former risk director of the Ecuadorian public pension fund who admitted to taking bribes in exchange for improper business advantages saw his sentence reduced by almost a third for his cooperation.

01 December 2023

US quietly drops PDVSA money laundering case

The DOJ dismissed charges against a Uruguayan banker accused more than five years ago in a money laundering case tied to Venezuela’s troubled state oil company. His lawyer told GIR the case was dismissed for lack of evidence after lingering for years in part due to a prosecutor’s departure to private practice.

30 November 2023

Lawyer avoids prison for tipping off businessman during ENRC probe

“No one is above the law, and we will pursue anyone who attempts to obstruct our investigations,” said a senior SFO official after a city solicitor was sentenced for tipping off a client about a money laundering investigation.

30 November 2023

SEC FCPA chief: monitorships aren’t dead

Featured in In-house

Charles Cain, the head of the SEC’s FCPA unit, said the dearth of new FCPA monitorships in 2023 is a testament to the progress of corporate compliance over the last decade.

29 November 2023

Amway faces money laundering charges in India

29 November 2023

Marshall Miller: “Sham” deals don’t qualify for new Safe Harbor protections

Featured in In-house

The senior DOJ official said prosecutors will scrutinise every disclosure made under the agency’s new M&A guidance for “sham” transactions.

28 November 2023

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