Topic: Financial crime investigations

Minimising corporate risk under the UK’s Bribery Act 2010

Katten Muchin Rosenman regulatory partner Neil Robson advises on how to create a tailored and focused anti-bribery policy that’s more than just a box-ticking exercise.

22 September 2022

Introducing the BBF: Germany to create new AML authority

Germany will create a new regulator to tackle money laundering and other financial crime, as a report from the Financial Action Task Force says the world’s fourth-biggest economy needs to be more proactive in its AML efforts.

25 August 2022

FATF plans for trust ownership rules criticised as “vague”

Industry bodies have complained the Financial Action Task Force’s plans to tighten rules around beneficial ownership of trusts are too “truncated” to properly tackle the matter.

04 August 2022

Powell and Clarida cleared over blackout trades

The US Federal Reserve’s watchdog has said that chair Jerome Powell and former vice-chair Richard Clarida did not violate any laws during a 2020 trading scandal.

18 July 2022

Swiss Libor manipulation suit settles

A long-standing class action against Deutsche Bank and NatWest over allegations of a conspiracy to fix Swiss franc Libor is set to conclude, as a New York federal court approves a settlement in a class action lawsuit revolving around LIBOR manipulation scandals.

06 July 2022

ASIC’s “why not litigate” era nears its end

Australia’s securities regulator has completed one of the final pieces of litigation to come out of the Royal Commission on misconduct.

09 February 2022

US Treasury will pilot sharing suspicious transaction data with foreign affiliates

The United States’ Financial Crimes Enforcement Network has called on banks to share data on suspicious financial activity with their foreign branches, something that industry players have so far welcomed.

27 January 2022

OCC warns of “absurd results” in review of ex-CEO fine

The OCC has argued an ex-bank CEO’s attempts to compel review of his six-year-old consent order, following a 2018 Supreme Court ruling on the SEC’s use of administrative law judges, would cause “chaos” in the United States’ administrative order if allowed.

03 November 2021

“Real impact”: US Fed watchdog confirms trading probe

The United States Federal Reserve’s watchdog has commenced a probe into whether senior officials broke any laws by trading during the pandemic, as two senators call for separate SEC and Congressional investigations into whether the central bank’s vice chair engaged in insider trading.

06 October 2021

Binance hires California’s top regulator, as FinCEN creates digital currency post

Crypto-asset exchange Binance has hired the former head of California’s financial regulator, while the US Treasury’s Financial Crimes Enforcement Network has created a new post to advise on digital currency issues.

08 July 2021

Unlock unlimited access to all GBRR content