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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

OFAC adds 17 Saudis to Magnitsky sanctions list

Murdered Saudi journalist Jamal KhashoggiThe U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three Saudi officials and 14 members of a hit team for their role in murdering Washington Post contributing columnist Jamal Khashoggi.… Continue Reading

Spanish defense contractor investigated for Saudi bribes

A special court in Spain is investigating executives at a state-owned defense company that allegedly paid millions in bribes to win weapons contracts with Saudi Arabia spanning two decades. 

Audiencia Nacional, the Spanish court, is investigating five deals between Defex and Riyadh from 1992 to 2004. Continue Reading

Selva Ozelli: Sharia compliant blockchain advances across Middle East

It’s ironic that Saudi Prince Al-Waleed bin Talal, the richest tech investor in the Middle East, criticized block chain technology and Bitcoin by calling it a “fraud.”

The  Gulf Cooperation Council countries, including Saudi Arabia, have been working since 2014 to weave sharia compliant Blockchain technology and Bitcoin into their existing financial and legal infrastructure, while transforming them all at the same time.… Continue Reading

French authorities join Airbus bribery probe

Airbus Group SE said Thursday that French investigators have opened a preliminary investigation into allegations of fraud, bribery, and corruption in the company’s civil aviation business.

France’s financial crimes investigator — the Parquet National Financier — is investigating the same allegations already being probed by the UK Serious Fraud Office.… Continue Reading

Embraer pays $205 million to settle FCPA charges

Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.

Embraer bribed officials in the Dominican Republic, Saudi Arabia, and Mozambique.… Continue Reading

AML watch: The Egmont Group steps up enforcement against terrorist financing

The Egmont Group — Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations — issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing.

The Egmont Group, founded in 1995, is used by enforcement agencies to share information and help each other develop evidence to prosecute financial crimes, such as money laundering, tax evasion, and graft.… Continue Reading