A multinational bank agreed to pay a total of over $1 billion to resolve charges related to alleged (i) bribery of Libyan officials and (ii) manipulation of certain benchmark interest rates.
News & Insights
A Barcelona-based media firm entered into a non-prosecution agreement with the DOJ regarding alleged bribery of Caribbean Football Union World Cup officials and related soccer federations.
An Ecuadorian businessman settled DOJ charges of bribing then-public officials of Ecuadorian state-owned oil company Empresa Pública de Hidrocarburos del Ecuador.
The Organisation for Economic Co-operation and Development's Working Group on Bribery commended U.S. efforts to improve enforcement under the Foreign Corrupt Practices Act.
The U.S. District Court for the Southern District of Florida sentenced a former Swiss bank executive to prison for laundering $1.2 billion worth of stolen funds from Venezuela's state-owned oil company. In addition to the ten-year prison sentence, to be followed by three years of supervised release, the Swiss bank executive was ordered to pay a $50,000 fine and a forfeiture money judgment of $600,000. According to the DOJ, Matthias Krull pleaded guilty to one count of conspiracy to commit money laundering in August 2018. As part of his plea, Mr. Krull admitted that he attracted private clients