The former president of a Maryland-based transportation company was convicted Friday of bribing a Russian official in exchange for contracts to deliver nuclear materials to customers in the United States.… Continue Reading
One of the world’s biggest shipbuilders agreed Friday to pay $75 million in total penalties to resolve criminal FCPA offenses in Brazil.… Continue Reading
Israeli billionaire Beny Steinmetz and two associates are facing criminal charges in Switzerland for allegedly paying bribes to win mining licences in Guinea between 2005 and 2010.
Former SNC-Lavalin CEO Pierre Duhaime pleaded guilty Friday to helping a public servant commit breach of trust.
Following his plea, Duhaime, 64, was sentenced to 20 months house arrest and 240 hours of community service.… Continue Reading
Luxury Swiss watchmaker Hublot announced a new product this week: a $25,000 watch that can only be bought with bitcoin.
The timepiece, called the Big Bang Meca-10 P2P (yes, really), is in celebration of the 10th anniversary of Satoshi Nakamoto’s whitepaper on bitcoin that kicked off the cryptocurrency. … Continue Reading
A former Geneva-based oil trader was given an 18-month suspended sentence for bribing officials in Africa in exchange for oil shipments.
Pascal Collard, a Belgian with Swiss residence, admitted bribing officials in the Congo and Ivory Coast.… Continue Reading
Police in Kuala Lumpur are releasing more details about what they’ve seized from houses and condos belonging to Najib Razak, the former prime minister voted out of office this month amid a growing corruption investigation.… Continue Reading
Switzerland’s financial regulator said Thursday that JPMorgan Chase & Co. seriously breached anti-money laundering regulations in its dealings with Malaysian sovereign wealth fund 1MDB.
The Swiss Financial Market Supervisory Authority or FINMA said JPMorgan also failed to manage PEP risks related 1MDB.… Continue Reading
Three fund managers and a national government said in SEC filings last week that Odebrecht’s corruption scandal has become a problem and a risk factor for them.
Brazil-based Odebrecht, an engineering and construction giant with world-wide reach, agreed late last year to settle bribery offenses by paying global criminal penalties of at least $2.6… Continue Reading