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

The Federal Trade Commission ("FTC") provided final approval to a settlement with Uber Technologies, Inc. ("Uber") concerning allegations that the company deceived customers about its privacy and data security practices and failed to secure consumer data. As previously covered, the FTC alleged that Uber failed to disclose a significant breach of customer data that occurred in 2016 while the company was still in negotiation with regulators regarding its mishandling of a still-earlier data breach incident from 2014. Under the expanded settlement, Uber will be required to (i) submit all reports

An investment bank agreed to settle Chicago Mercantile Exchange Business Conduct Committee charges of executing a non-bona fide "Exchange for Physical" transaction in the Eurodollar futures market.

The U.S. District Court for the Southern District of New York acquitted three foreign exchange traders on charges of conspiracy to manipulate benchmark currency rates after a jury determination.

The New York Attorney General filed charges against Exxon Mobil for inaccurately reporting the negative financial impact of recent climate change regulations to its business.