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Lexology PRO | Asia-Pacific, Bulgaria, European Union, etc. | 26 Sep 2023
Financial crime: key compliance updates (30 Aug – 26 Sep)
MAS issues guidance on the effective detection of sanctions-related risks, the UK FCA assesses the impact of international de-risking, and India steps up its money laundering prevention efforts – plus other key updates.
Lexology PRO | Belgium, France, Switzerland | 25 May 2023
OAG opens investigation into alleged DRC money laundering scheme
Swiss prosecutors have opened a criminal investigation into “persons unknown” following allegations that the former president of the Democratic Republic of the Congo laundered stolen funds through bank accounts at UBS.
Lexology PRO | European Union | 4 May 2023
EU seeks to harmonise corruption enforcement
The European Commission has published a proposed directive to standardise the legal framework and penalties for corruption-related crime, estimated to cost the EU economy at least €120 billion per year.
Hunton Andrews Kurth LLP | USA | 17 Mar 2023
Eighth Circuit Confirms Breadth of Commercial Crime Policy Includes Loss from Actual and Implied Takings
The Eighth Circuit has affirmed that an AIG affiliate must cover the full $32 million loss stemming from an employee’s embezzlement scheme. The court…
Lexology PRO | Argentina, Brazil, Bulgaria, etc. | 9 Dec 2022
FIFA corruption scandal seven years on: have we fixed football?
Seven years have passed since bribery and corruption allegations shrouded the world’s governing body of football in controversy. But how far have we come to revive the integrity of international sport?
Hassan Elhais | United Arab Emirates | 4 Oct 2022
What are the Punishments if you are Convicted of a Felony for Embezzlement?
Under the UAE Penal Code, called the Federal Decree-Law No. 31 of 2021 On the Issuance of Crimes and Penalties Law, crimes are divided into three…
Lexology PRO | Global, USA | 13 Apr 2022
Fired Fresenius GC files lawsuit over whistleblower claims
The former top US lawyer at Fresenius claims he was dismissed last month for reporting concerns about bribery, corruption and embezzlement at the German medical company.
Lexology PRO | European Union, Germany, Global | 14 Mar 2022
Munich prosecutors charge former Wirecard CEO
Prosecutors have outlined a scheme where Wirecard executives allegedly faked profits and embezzled funds from the business via loans to third-party companies.
Lexology PRO | European Union, Germany, Switzerland | 14 Jan 2022
Germany files first criminal charges in Wirecard case
German prosecutors have accused an investment fund manager of helping to launder more than €22 million in funds embezzled from collapsed payments company Wirecard.
Lexology PRO | Switzerland | 2 Nov 2021
Switzerland charges Blatter and Platini over 2011 payment
Swiss federal prosecutors have charged former Fifa president Sepp Blatter and former Uefa president Michel Platini over an allegedly improper 2 million Swiss franc payment.
