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Financial Crime
Editor's Picks
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US to resume enforcement of foreign bribery law, Justice Department says
The US Justice Department will resume enforcement of a corporate anti-corruption law after issuing guidance to ensure that cases limit burdens on American companies... (more story)
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US appeals court questions suggest CFPB to be left in tatters
US appeals court judges fired skeptical questions at the union lawyer challenging the Trump administration’s mass layoffs at the US Consumer Financial Protection Bu... (more story)
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New UK plea deal guidance won’t change much but gives companies more certainty
New guidance to help UK companies self-report white-collar crime to escape prosecution won't lead to any sudden flood of confessions to the Serious Fraud Office, bu... (more story)
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The US Court of Appeals for the Second Circuit found that a federal judge in Brooklyn wrongly threw out jury verdicts against a former 21st Century Fox executive and a sports marketing company when granting po... (more story)
UK financial institutions have been issued with a red alert over the sale of Russian oil and gas through shadow fleet vessels and front companies. “Russian oil trading companies are utilizing a complex network... (more story)
A US federal judge denied Huawei Technologies’ motion to dismiss much of a US indictment alleging that the Chinese telecommunications giant had engaged in a decades-long racketeering conspiracy to steal trade ... (more story)
Three former Mizuho International bond traders have seen industry bans imposed by the UK’s financial regulator for “spoofing” upheld by judges today, but two have seen their fines reduced. The trio were found ... (more story)
The UK’s financial markets watchdog says it is deploying artificial intelligence to shave years off the time it would normally take it to identify financial crime. Jessica Rusu, who leads the Financial Conduct... (more story)
A software developer with ties to both Russia and the United Kingdom has appeared in a London court today to face eight charges of breaching UK sanctions against Russia by transferring thousands of pounds to v... (more story)
The UK bribery trials of an oil executive, a Union Bank customer services executive and another have been abandoned today due to disclosure problems, just months before the case was due to begin.
An executive at UK aircraft parts supplier AOG Technics faces a criminal trial in 2028 over a fraud charge connected to the alleged sale of fake aircraft parts. Jose Alejandro Zamora Yrala, an AOG company dire... (more story)
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Former Barclays boss Jes Staley's failure to persuade a UK court to overturn an industry ban over his links to Jeffrey Epstein is a vindication for the country's financial services regulator — and will likely ... (more story)
In a US trial of a cryptocurrency entrepreneur that centers on the alleged laundering of funds stolen by a blacklisted North Korean hacking group, the businessman is asking a federal judge to prevent the gover... (more story)
When Denmark takes the reins of EU policy talks on July 1, it will scrutinize the new securitization package proposal while also addressing several contentious financial reforms from the previous term. These i... (more story)
A San Francisco venture capital firm turned to lawyers in 2018 for an opinion on whether US sanctions imposed on a Russian billionaire would apply to its investments. The advice GVA Capital received was incorr... (more story)
The UK fraud prosecutor appears to have ditched its aversion to assisting companies worried about falling foul of the law to ensure their compliance processes are up to scratch. A senior Serious Fraud Office o... (more story)
Reports of the death of US anti-bribery enforcement were greatly exaggerated, the Trump administration signaled this week, but observers told MLex that the proof will come when prosecutors start bringing new cases.
Banks and payments firms could see a UK move to further toughen defenses against Authorized Push Payment fraud, a senior regulator said, possibly including expanded "confirmation of payee" functionality to inc... (more story)
The corporate culture at Goldman Sachs cast a shadow over today’s sentencing of former partner Tim Leissner over his involvement in a fraud scheme at the Malaysian sovereign wealth fund 1MDB. Leissner has blam... (more story)