A bank settled DOJ and SEC charges for Foreign Corrupt Practices Act violations in connection with its use of third-party intermediaries, business development consultants and finders.
The SEC charged a former executive of a UK-based subsidiary of a U.S. publicly traded bank holding company with violating 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
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.