Work Area: Proceeds of crime

Swiss companies file fraud charges in UK court

Three individuals have been accused in a London court of defrauding a commodities trading business and a financial consultancy in Switzerland.

31 January 2023

Record number of suspicious activity reports filed in the UK

The UK’s financial intelligence unit received nearly one million reports of suspicious financial activity in 2022.

25 January 2023

Swedish prosecutors may challenge Swedbank ex-CEO’s acquittal

25 January 2023

DOJ charges businessmen over servicing of Russian oligarch’s yacht

US prosecutors have accused two businessmen of facilitating sanctions evasion by helping a sanctioned Russian “obfuscate” his ownership of a $90 million motor yacht.

23 January 2023

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

Coinbase enters $100m US settlement over AML failures

The New York state financial regulator said the breaches were so serious that it took the “extraordinary step” of appointing an independent monitor while its investigation was ongoing.

04 January 2023

Alex Saab not a Venezuelan diplomat, judge rules

The disputed government of Venezuelan president Nicolás Maduro “exploit[ed] the law of diplomatic immunities” to avoid Saab’s extradition to the United States, a Florida judge wrote.

03 January 2023

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

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