Former Goldman Sachs bankers charged for Malaysian state fund embezzlement November 1, 2018 Two former Goldman Sachs bankers and Malaysian financier Jho Low have been hit with criminal charges in the US for the alleged embezzlement of billions of dollars from Malaysian sovereign development fund 1MDB. The US Department of Justice said former Goldman partner Tim Leissner had pleaded guilty to conspiracy to launder money, and agreed to [...]
EU bank watchdog launches inquiry into Denmark’s handling of Danske Bank amid DOJ probe October 8, 2018 The European Union's banking supervisor has launched preliminary inquiries into Denmark's financial watchdog in relation to allegations of money laundering at Danske Bank through its Estonia branch. European Banking Authority chair Andrea Enria today informed the European parliament that it had launched a "preliminary breach of union law inquiries on … the Danske bank case in [...]
Disclosure failings the ‘biggest single cause of miscarriages of justice’, says outgoing watchdog head October 11, 2018 The outgoing head of the body that investigates potential miscarriages of justice has said disclosure failings remain the "biggest single cause of miscarriages of justice" and called for a "targeted review" into existing convictions. In a farewell speech delivered last night, Richard Foster of the Criminal Cases Review Commission (CCRC) said that "too often" there [...]
Swedish and Estonian regulators probe Swedbank over money-laundering report as SEC goes after Danske February 21, 2019 Swedish and Estonian financial regulators have launched a joint investigation after an explosive report linked Stockholm-headquartered lender Swedbank to a Baltic money-laundering scandal. The countries’ respective Financial Supervisory Authorities (FSAs) announced the probe following a report by Swedish broadcaster SVT that alleged links between Swedbank and scandal-ridden Danish lender Danske Bank. Dankse has been rocked [...]
The European Court of Justice must answer two key questions on the right to be forgotten January 21, 2019 A search on someone’s name in Google reveals a great deal about them. This might include where they work or went to school, as well as more private information such as their religion, sex life, or criminal convictions. In 2014, the European Court of Justice (ECJ) decided that individuals can protect their privacy by delisting [...]
DEBATE: Will banning NDAs in harassment cases stop victims agreeing confidential deals with employers? October 16, 2018 Will banning NDAs in harassment cases stop victims agreeing confidential deals with employers? John Oxley, a barrister at Vardags, says YES. The prohibition of NDAs will stop companies from quietly hushing up the unpleasant and sometimes criminal behaviour of predatory employees. It may also, however, stop that behaviour from coming to light in the first [...]
Shipping executives convicted in North Sea oil bribery scheme November 27, 2018 Two former executives of shipping company FH Bertling have been convicted for their part in a corrupt scheme to win a ConocoPhillips freight forwarding contract worth over £16m as part of a North Sea exploration project. The Serious Fraud Office (SFO) said today that Stephen Emler and Giuseppe Morreale had pleaded guilty to their part in [...]
Police handed new powers to tackle illegal drones after Gatwick chaos January 8, 2019 Police are to get additional powers to help combat the illegal use of drones following the mass disruption at Gatwick airport last month. Thousands of flights were grounded at Gatwick between 19 December and 21 December after drones were repeatedly sighted close to the runway. Read more: Gatwick and Heathrow spend millions to avoid more [...]
Rod Rosenstein, key figure in Trump probe, set to leave US justice department: reports January 9, 2019 US deputy attorney-general Rod Rosenstein, a key figure in the probe into Russia’s role in the 2016 US presidential election, is set to leave the Department of Justice in the coming weeks, according to multiple reports. Rosenstein is likely to leave after the appointment of William Barr, President Donald Trump’s pick to replace Jeff Sessions [...]
SFO publishes terms of deferred prosecution agreement with Tesco after reporting restrictions lifted January 23, 2019 The Serious Fraud Office (SFO) has published the full terms of the Deferred Prosecution Agreement (DPA) it agreed with Tesco following the 2014 accounting scandal. Reporting restrictions around the DPA – a voluntary agreement which allows companies to forego prosecution by fulfilling certain requirements – were lifted when former Tesco director Carl Rogberg was acquitted today. [...]