Landmark Siemens Case Drove Shift in Enforcement of Foreign-Bribery Laws
Countries where bribes were paid have become the primary drivers of major cross-border bribery enforcement, according to a new OECD report that documents nearly two decades of coordinated multinational prosecutions.
Unlike the Marquis, France’s Biggest Ponzi Schemer Avoids Prison
Gérard Lhéritier, the French businessman convicted of running what prosecutors called the largest Ponzi scheme ever uncovered in France, has avoided prison after negotiating a last-minute plea bargain citing age and health.
Spain’s Ex-PM Zapatero Charged with Money Laundering
Spain’s National Court has charged former Prime Minister José Luis Rodríguez Zapatero with money laundering, influence peddling, document falsification, and related criminal offenses stemming from the government’s €53-million pandemic-era bailout of Plus Ultra airlines.
Arrest of Venezuelan ‘Bag Man’ Alex Saab Seen as Key to Maduro Prosecution
Alex Saab, the businessman widely seen as the financial fixer for ousted Venezuelan President Nicolás Maduro, was charged with money laundering in federal court in Miami on Monday.
NCA’s New Call to Action: Help Stop Livestreamed Child Sex Abuse
Britain’s National Crime Agency on Monday launched its first joint initiative with the financial industry aimed at detecting and disrupting payments by U.K. offenders who pay facilitators overseas to livestream the sexual abuse of children.
OFAC Reaches $275mn Settlement with Adani, DOJ Drops Case against Founder
Indian conglomerate Adani Enterprises Ltd. has agreed to pay $275 million to settle U.S. allegations that it imported Iranian liquefied petroleum gas through a Dubai-based middleman while routing dollar payments through American banks, OFAC disclosed on Monday.
Iraqi Militia Commander Planned U.S. Attacks in Retaliation for Iran War: DOJ
Federal authorities Friday announced the arrest of a senior commander of the Iran-backed Iraqi militia Kata’ib Hezbollah, accusing him of directing nearly 20 terrorist attacks across Europe and Canada and plotting to strike Jewish institutions in New York, Los Angeles, and Scottsdale, Arizona.
SDNY Offers Broad Leniency for Self-Reported Fraud, Even After Headlines
Federal prosecutors in Manhattan are urging Wall Street companies to confess to fraud in exchange for behind-the-scenes deals that would spare them from criminal charges, fines, and public disclosure of their wrongdoing.
Leaked Messages Show Bolsonaro Family Ties to Banco Master Scandal
Brazilian lawmaker and presidential candidate Flavio Bolsonaro negotiated $24 million in financing from jailed banker Daniel Vorcaro to bankroll a biographical film about his father, former President Jair Bolsonaro.
Fugitive Jho Low Is Seeking a Trump Pardon for 1MDB Charges
Jho Low, the fugitive Malaysian financier accused of masterminding the multibillion-dollar 1MDB fraud, has submitted a request for a presidential pardon to U.S. President Donald Trump.