Work Area: Corporate governance

DOJ charges Tornado Cash founders with sanctions evasion, money laundering

The men are accused of allowing North Korea’s Lazarus Group to launder some $455 million through their cryptocurrency mixing service. A lawyer for one of the defendants claims he was charged “because he helped develop software”.

24 August 2023

CGU official: international cooperation and better corporate engagement are priorities

“The CGU’s actions must be strong enough to create the fear of punishment,” the agency’s anti-corruption leader told GIR. “But the agency must also be collaborative, and make sure that cooperating with the CGU is a process that will leave the company better off than what it was.”

18 August 2023

OFAC fines construction materials company over Iran sanctions violations

OFAC found that two employees at a Dubai-based subsidiary engaged in a “big job” of reexporting US-made building materials to fulfil a shopping mall contract in Iran’s capital.

17 August 2023

Braskem completes final Operation Car Wash-related monitorship

The lawyer who conducted Braskem’s CGU monitorship told GIR that the company now has a compliance programme that is a “benchmark” for national and international companies.

16 August 2023

ASIC launches third civil lawsuit over greenwashing

11 August 2023

Entain sets aside over half a billion pounds for bribery DPA

The settlement will be the second largest corporate criminal resolution ever reached in the UK if the penalty amount the gambling business has set aside for its deferred prosecution agreement is finalised.

10 August 2023

FCA sued over alleged procurement breaches on £4m tender

A publisher has accused the UK’s financial regulator of breaching procurement rules when it awarded a lucrative publishing contract to a small compliance business.

07 August 2023

Constitutional court approves new economic crime bill in Chile

03 August 2023

Workplace culture cases pose enforcement challenge for the FCA

In the wake of a sexual harassment scandal at a London investment business, GIR explores the Financial Conduct Authority’s efforts to punish companies and individuals for non-financial misconduct.

31 July 2023

SFO hires business consultancy for internal review

Sheffield-based Herd IT Consulting has been hired to conduct a root cause analysis for the UK’s anti-fraud office that will include the collapsed G4S investigation.

27 July 2023

Unlock unlimited access to all Global Investigations Review content