Work Area: Compliance and risk

“The first rule of enforcement club”: FCA wants to make more investigations public

“The first rule of enforcement club should be that you do, in fact, talk about enforcement club,” said the FCA’s co-director of enforcement, as the agency announced plans to publicise more of its enforcement activities.

27 February 2024

SourceMaterial: Glencore paid $14.5 million to Chad middleman

27 February 2024

Seatrium nears $134 million corruption resolution in Brazil

Singaporean oil and gas rig builder Seatrium has reached in-principle settlements with three Brazillian enforcement agencies over historical anti-corruption “irregularities” at its predecessor company, Sembcorp Marine.

26 February 2024

US court approves Binance guilty plea

26 February 2024

Frankfurt to host EU anti-money laundering agency

26 February 2024

Renewable energy company and director charged in UK with foreign bribery offences

UK-based PV Energy and director, Hardip Virdee – also known as Peter Virdee – have been accused of bribing an Antiguan politician to obtain or retain business for the organisation.

23 February 2024

Swiss bank: US drug gang sanctions probe no longer “material”

Zurich-based private bank EFG has removed all mention of a US sanctions investigation from its financial statements after first referencing the probe nearly five years ago.

23 February 2024

NatWest to claw back bonuses in the wake of £270m AML fine

23 February 2024

People News: Former White House lawyer returns to private practice

A former counsel in President Joseph Biden’s White House has rejoined Gibson Dunn & Crutcher, and a retired US district court judge has entered private practice.

22 February 2024

Lloyds latest bank to face AML systems probe in UK

Lloyds Banking Group has disclosed an FCA investigation into the lender's compliance with anti-money laundering rules, two days after Barclays said the agency had shuttered a similar probe.

22 February 2024

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