Cases

Cases
Iran
OFAC
SDN

MID-SHIP Group: OFAC Settlement

Last week, OFAC announced that it has reached a $871,837 settlement with MID-SHIP Group LLC (“MID-SHIP”). The Settlement Agreement notes that in 2011, MID-SHIP (a ship broker) processed transfers of funds related to payments  for five apparent violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations. OFAC Notice, Settlement Agreement and Enforcement Information. Per the […]

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Cases
Cuba
Global Trade
Iran
OFAC
Sanctions

Treasury Department’s OFAC – UniCredit Bank Settlements

Earlier this month, OFAC announced 3 settlements totaling $611M with 3 UniCredit Group Banks located in Germany, Austria and Italy.  This was a part of a $1.3B settlement of the banks with other federal and state governments and agencies. OFAC investigated the banks in connection with violations of US sanctions on Burma, Cuba, Iran, Libya, Sudan, […]

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Cases
Global Trade
WTO

WTO Ruling in Ukraine-Russia Traffic in Transit Matter; Implications to the US

April 5, 2019:  The WTO finally ruled on a 2016 case filed by Ukraine against Russia, for preventing Ukraine’s use of Russia’s roadways and trail transit ways for movement of Ukrainian goods to end customers located outside of Russia (e.g., Kazakhstan, Mongolia, Uzbekistan, etc.).  Russia took the position that it acted lawfully under WTO’s rules […]

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Anti-Corruption
Cases

Ex UAW Official Guilty: Misuse of Company Funds

Earlier this week, a former United Auto Workers official pleaded guilty to corruption charges in a US court.  According to Reuters, Mr. Norwood Jewell, “who headed the UAW’s FCA department from 2014 until his retirement in January 2018, pleaded guilty to a single charge of conspiring to violate the Labor Relations Management Act, which carries […]

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Anti-Trust
Cases
EU
Freshly Brewed

Google Fined by the EU for Antitrust Violations

Earlier today, the the European Commission issued a press release noting that it has fined Google €1.49 billion for breaching EU antitrust rules. According to the release, Google abused its market dominance by imposing restrictive clauses in contracts with third-party websites, preventing them from placing their search ads on these websites. The Commission found that: […]

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Anti-Corruption
Cases
EU
Freshly Brewed

Shell Prosecution in The Netherlands: Corruption in Nigeria

March 5, 2019:  CNBC reported  few days ago that Shell is facing multiple charges over corruption, emissions, and an explosion.  They appear to be related to the company’s business dealings in Nigeria and the 2014 explosion in its Moerdijk facility.  There are also allegation of emissions excess between 2015 and 2016. As Bloomberg reported back […]

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Anti-Corruption
Cases
EU
Freshly Brewed
Money Laundering

Nordea Further In With Money Laundering Scandal

March 5, 2019:  As we wrote back in October of 2018, the largest Nordic bank was accused of money laundering in connection with the Magnitsky scandal.  Now, Bloomberg is reporting that Nordea is pulled into the scandal even further, with the latest information appearing to come from a leak.  Finnish broadcaster YLE on Monday cited […]

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Cases
DOJ
Financial Fraud

DOJ Repatriates Insider Trading Proceeds to Kyrgyz Republic

Earlier this week, the U.S. DOJ issued a release of repatriation of stolen funds to the Government of the Kyrgyz Republic arising from the corruption and theft of government funds by the prior regime of Kurmanbek Bakiyev and his son Maxim Bakiyev.   This action was conducted under the Kleptocracy Asset Recovery Initiative. The funds (USD […]

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Anti-Corruption
Cases
DOJ
Financial Fraud
Freshly Brewed

Cognizant SEC FCPA Settlement; DOJ Indictments

February 15, 2019: According to an SEC release, Cognizant Technology Solutions Corporation agreed to pay $25M to the SEC to settle charges of FCPA violations. Two of its executives were charged and indicted, according to another release from the DOJ. The SEC complaint alleged that “in 2014, a senior government official of the Indian state of […]

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Anti-Corruption
Cases
DOJ
Fraud
Freshly Brewed

Audi Managers Charged by DOJ; Emissions Cheat

January 28, 2019: The DOJ released a notice of charges against 4 Audi managers, including a former member of Audi AG’s board. The charges concerned the defendants’ role in the well known conspiracy to defraud US regulators by cheating on emissions tests of thousands of Audi “clean diesel” vehicles. The defendants are Richard Bauder, 69, […]

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