Lexology PRO | Asia-Pacific, Egypt, European Union, etc. | 10 Aug 2022
The UK launches its beneficial ownership register for overseas entities, Egypt enhances enforcement powers in its revised AML regime, and Robinhood is fined US$30 million for AML failures – plus other key updates.
Lexology PRO | European Union, Global, Switzerland, etc. | 6 Jul 2022
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.
Lexology PRO | Turkey | 9 Mar 2022
A Turkish court has admonished the country’s antitrust enforcer for trying to obtain chat logs involving foreign currency traders in the UK and the US from their respective banks’ Turkish subsidiaries.
Lexology PRO | Asia-Pacific, Australia | 3 Dec 2021
An Australian judge has delayed the start of a cartel trial to give Citigroup, Deutsche Bank and several of their executives the chance to permanently dismiss allegations that they colluded to distribute bank shares.
Lexology PRO | USA | 12 Nov 2021
A former compliance official said she was fired by JPMorgan Chase after raising concerns about the US bank’s anti-bribery efforts.
Lexology PRO | Australia | 18 Aug 2021
Australia’s public prosecutor has cut down a cartel indictment lodged against ANZ, Citigroup, Deutsche Bank and several of their employees in response to a judge’s criticism of the initial charges as “defective”.
Lexology PRO | European Union, United Kingdom | 15 Jul 2021
The UK judge overseeing two proposed class actions against members of the Forex cartel has laid out his initial concerns about both claimants’ theories of harm.
Lexology PRO | Asia-Pacific, China, USA | 7 Jul 2021
Ride-sharing app operator Didi faces at least two class action lawsuits claiming the company failed to disclose data issues that led to it being pulled from Chinese app stores.
Lexology PRO | European Union | 29 Jun 2021
The European Commission has readopted two Euro Interest Rate Derivatives cartel decisions, including reducing a fine on HSBC by nearly €2 million after the General Court annulled the agency’s original sanction in 2019.
Lexology PRO | Belgium, European Union | 16 Jun 2021
The European Commission has banned ten banks – including Barclays and Deutsche Bank – from participating in certain bond sales to fund coronavirus recovery due to their previous cartel involvement.