Work Area: Terrorist financing

Ericsson sets $220 million aside for potential DOJ resolution over breach of DPA

The DOJ has twice warned the Swedish multinational it had breached a $1 billion bribery settlement reached with US authorities in 2019.

12 January 2023

Lafarge faces civil suits related to ISIS payments

The families of US citizens who were killed in a series of terrorist attacks throughout Europe and the Middle East have filed suits against French cement producer LaFarge over payments it made to ISIS and affiliated groups.

12 January 2023

FCPA Docket: Safran agrees to disgorge $17 million, receives DOJ declination

The DOJ declined to prosecute aerospace company Safran for bribery; a former risk director for the Ecuadorian police pension fund will spend five years in prison for taking bribes; two current Ericsson executives were accused of approving protection payments to the Islamic State and al-Qaeda.

03 January 2023

US senators introduce AML legislation focused on crypto industry

15 December 2022

Austrac launches civil penalty proceedings against Star Entertainment

Australia’s financial watchdog has investigated the casino operator since June 2021 and identified “a multitude of issues” with Star Entertainment’s AML compliance.

30 November 2022

French cement producer to pay $778 million for ISIS payments

Lafarge and its Syrian subsidiary pleaded guilty to “unprecedented charges” related to payments it made to terrorists groups to protect a cement plant near the Turkish border.

18 October 2022

FCA fines Gatehouse Bank over inadequate financial crime controls

14 October 2022

Counsel Watch: former US attorney general tapped for cross-border GOL settlement

In the latest counsel watch, GIR looks at the teams acting for Brazilian airline GOL, telecommunications company Ericsson, banks Barclays and Morgan Stanley, and engineering company Jacobs Group in recent white-collar cases.

20 September 2022

Reuters: US prosecutors seek Binance AML docs

02 September 2022

UAE regulator orders Wise to pay $360,000 for AML failures

31 August 2022

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