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Belgium advances bill to drastically raise corporate penalties for sanctions breaches
UK regulator bans GFG companies’ auditor
An accounting regulator has temporarily banned the auditor of four companies within the Gupta Family Group Alliance, a business conglomerate at the centre of a Serious Fraud Office investigation into suspected fraudulent trading and money laundering.
China encourages whistleblowing, self-reporting of export control breaches
Økokrim guidelines offer businesses rare peak behind the curtain
Norwegian defence lawyers are eager to see how penalties calculated under the local prosecution agency’s new corporate enforcement policy stand up to scrutiny of courts known to be conservative with corporate fines.
Lawyer sues DOJ over “malicious prosecution” by FCPA unit
A Hughes Hubbard partner has accused the foreign bribery unit of bringing a “politically motivated” case alleging he tricked banks into releasing frozen Somalian funds. The case collapsed before trial in 2024.
US lender to pay $9.7m for AML failures
EagleBank has secured a one-year non-prosecution agreement with the DOJ’s criminal division after admitting it lacked a system to ensure accounts flagged as “high-risk” were shut down.
Four companies charged in Singapore AI chip fraud probe
The corporate charges came days after Taiwan prosecutors executed search warrants in a separate investigation into suspected illegal diversion of restricted US technology, and a few months after US prosecutors charged server maker Supermicro’s co-founder with conspiring to breach US export controls.
Counsel Watch: Miller & Chevalier keeps the Assad regime lawsuits coming
In the latest Counsel Watch, the law firm continuing to act for the victims of the former Syrian government in US lawsuits, and more companies head to court over sanctions delistings and licence applications.
Alibaba wins temporary pause on lobbying ban from US blacklisting
Lobbyists can continue representing the Chinese e-commerce company while a California court weighs the legality of a law that effectively prohibits lobbyists from working for designated Chinese military companies.
DOJ commends Zarrab cooperation despite “high price for his honesty”
A month after dropping charges against Halkbank in a high-profile sanctions evasion case, US prosecutors have recommended a reduced sentence for a key cooperating witness in the trial of an ex-Halkbank trader.
UK delists Azeri ship sanctioned over alleged Russia ties
The move comes less than three months after the European Union lifted sanctions on the same tanker, which is operated by Azerbaijan’s state shipping and oil businesses.
Japanese company, executives charged over Cambodia bribery: reports
Law firm partners among ex-DOJ officials urging senators to reject Blanche
High-profile investigations lawyers such as Steptoe’s Michael Bromwich and FCPA veteran Philip Urofsky are among more than 1,200 ex-DOJ officials opposing Blanche’s appointment as attorney general for “demonizing career employees, undermining their work, and driving them out of the department.”
Wells Fargo manipulated bond market, defrauded investors, former exec claims
The ex-employee accused the lender of retaliating after he repeatedly flagged a “deliberate and unlawful scheme to defraud the public”.