Work Area: Compliance and risk

FinCEN identifies sanctions evasions red flags in real estate deals

The US commercial real estate market is uniquely vulnerable to sanctions evasions because of its relative opacity, according to a recent alert from FinCEN.

26 January 2023

FCA fines Shariah-compliant bank for AML breaches

11 January 2023

FCA fines Nigerian bank’s subsidiary for “repeatedly highlighted” failings

The UK’s financial regulator said it had significantly racked up GT Bank’s penalty because the lender had already faced FCA action over similar AML deficiencies in 2013.

10 January 2023

Former SFO lawyer: top job will be a “tough gig” for next director

The SFO’s recently departed associate general counsel said the anti-fraud agency’s next director will need to show resilience in the role.

06 January 2023

Court approves Danske Bank’s US plea deal

06 January 2023

SEC and DOJ set sights once more on ephemeral messaging and personal device use

The DOJ and SEC’s recent focus on ephemeral messaging means companies will have to act swiftly to avoid pitfalls related to their employees’ use of widely available messaging platforms, say Ann Sultan and Andrew Wise, members at Miller & Chevalier.

20 December 2022

Honeywell to pay $202.7 million for Brazilian, Algerian bribery schemes

The US-based conglomerate entered agreements with the DOJ, SEC and Brazilian authorities.

19 December 2022

GIR’s top stories of 2022

The GIR editorial team is taking a break from regular news briefings over the next couple of weeks. We will be back on 3 January. In the meantime, please enjoy this selection of some of our favourite and most-read stories. Happy holidays!

18 December 2022

Ericsson agrees to extend monitorship by one year

The company told GIR it will keep its bribery monitorship until 2 June, 2024.

15 December 2022

ASIC goes after Star Entertainment execs over casino’s AML failures

Australia’s corporate regulator has filed a civil case against almost a dozen of Star’s former and current leadership team including a former CEO and its former chief legal and risk officer.

13 December 2022

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