Bribery and Corruption  

SFO's first deferred prosecution agreement

The SFO has entered into the first-ever deferred prosecution agreement with ICBC Standard Bank.

A statement of facts, the agreement and the judgement of the President of QBD, the Rt Hon Sir Brian Leveson was handed down on 30 November.

A more detailed update on the SFO's first deferred prosecution agreement shall be circulated separately.

SFO, 30 November 2015

Brazilian authorities to probe Olympic contracts

A lead investigator has said that Brazilian police investigating corruption around state-run oil firm Petrobras also plan to probe more than $10 billion of construction contracts for the 2016 Olympic Games in Rio de Janeiro.

Brazilian authorities have said that some large engineering firms involved in the Petrobras probe "very probably" were involved in price-fixing and bribery on contracts to build Olympic Venues.

Reuters, 25 November 2015

Cyber Crime

FBI seeks hacker after 1.2 billion logins are stolen

The FBI has linked a hacker to the theft of 1.2 billion internet credentials, the largest cyber-attack of its kind.

It is understood that the method normally used by the hackers, Botnet, was used in a different way. In this instance the hacker used large networks of computers linked together to attack a number of targets, rather than an individual target.

BBC News, 25 November 2015

Health & Safety

Teesside firm fined after worker's fatal fall

A north eastern port has been fined £400,000 following the death of an agency worker who fell eight metres from an exposed edge of a stack of pipes onto the steel deck of a ship's hold.

Health and Safety Executive, 23 November 2015

Company to pay £232,000 following worker's crane death

Following the death of a worker who died after being struck by a load on a moving crane, a company has been fined £160,000 plus costs of £72,321 at Sheffield Magistrates' Court. 

SHP Online, 27 November 2015

Concerns deepen as Vauxhall Zafira cars continue to ignite

London Fire Brigade have released figures showing they have attended 71 Vauxhall Zafira related fires (not including arson attacks) since 2013, compared to just 38 in the previous for years.

This follows the recall of at least 220,000 Vauxhall Zafira B cars earlier this month.

ITV News, 19 November 2015

Toyota recalls 1.6m more cars over defective airbags

Toyota is recalling another 1.6 million vehicles equipped with faulty air bags.

BBC News, 25 November 2015


Former international football player, Edilson, accused of fraud

Prosecutors in Brazil have requested the indictment of former international football player Edilson for involvement in a lottery fraud scheme.

BBC News, 25 November 2015

Money Laundering

Transparency International reports that UK money laundering checks are inadequate

Transparency International has published a report stating that the UK's anti-money laundering system requires a radical overhaul.

The report identified a number of areas where it thought the system was not fit for purpose, including a lack of oversight in terms of identifying and reporting money laundering and lack of effective sanctions to act as a deterrent.

Transparency International, November 2015

Barclays fined £72 million for poor handling of financial crime risks

The Financial Conduct Authority has fined Barclays Bank Plc for failing to minimise the risk that it may be used to facilitate financial crime.

The failings relate to a £1.88 billion transaction for a number of ultra-high net worth individuals executed in 2011 and 2012. The clients were politically exposed persons but were not subject to the required enhanced due diligence process for such clients.

The fine comprises disgorgement of £52.3 million and a penalty of £19,769,400.

Financial Conduct Authority, 26 November 2015