Work Area: Asset recovery

SFO targets assets of alleged Sarclad middleman

The Serious Fraud Office is looking to seize a UK property linked to a Chinese sales agent accused of helping UK metals company Sarclad win overseas contracts through bribery.

20 January 2023

DOJ offers declinations to recidivist companies

A top DOJ official announced a number of revisions to the agency's corporate enforcement policy that could grant bigger fine reductions or declinations to companies with cases containing aggravating factors if they self-report misconduct and cooperate with investigations.

17 January 2023

Swiss court green-lights assistance for SFO’s Karimova investigation

The SFO has asked Swiss prosecutors to help it obtain the banking records of a Gibraltar company suspected of laundering bribes for the daughter of the ex-president of Uzbekistan.

16 January 2023

US man to forfeit $2.9 million for violating Iran sanctions

A dual US-Iranian citizen pleaded guilty to two simultaneous schemes to trade Iranian oil products.

10 January 2023

Forfeiture reveals US probe of Chinese company's Mariana Islands influence

The DOJ filed a forfeiture action in connection with an alleged scheme by a Chinese company to improperly influence politicians for an exclusive gaming licence in the US territory

04 January 2023

Russian intelligence agent indicted for sanctions breach

Featured in Investigator's Guide to Russia

Andrii Derkach was sanctioned in 2020 for his involvement in a disinformation campaign targeting, among others, US President Joe Biden.

07 December 2022

Claudia Díaz scheme set up by predecessor, former Venezuela treasurer testifies

Díaz’s predecessor, who spent 3 years in prison for a similar bribery scheme, told a Florida federal jury how Venezuela's treasury gave benefits to brokerage houses who participated in a currency exchange scheme that yielded government officials millions in bribe payments.

30 November 2022

NCA secures first-of-its-kind ruling to recover suspect funds

A court in London has ruled that Barclays must hand over £50 million the lender identified as potential crime-linked funds to the National Crime Agency.

28 November 2022

Five-year delay in Odebrecht-linked forfeiture proceedings violates due process, Peruvian couple says

Featured in Investigator's Guide to New York

Lawyers for a couple who prosecutors say laundered money for Odebrecht argue the long-standing seizure of a Florida bank account cost them at least $2 million.

01 November 2022

MLARS gets new chief, deputy chief

Brent Wible and Molly Moeser will begin leading the DOJ’s money laundering and asset recovery section on 17 October.

12 October 2022

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