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US DoJ and SEC indicts Gautam Adani, Founder of Adani Group, and several senior executives, for allegedly paying over $250M in bribes to Indian officials to secure solar energy contracts

by Jyotsna Bucktowar | Nov 24, 2024

Gautam S. Adani and seven other business executives allegedly bribed the Indian government to finance lucrative contracts designed to benefit their businesses. Adani and other defendants also defrauded investors by raising capital on the basis of false statements...

SEC announces enforcement results for fiscal year 2024

by AdrianaAMLP | Nov 20, 2024

SEC filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion in financial remedies, the highest amount in SEC history.

SEC charges Virginia-based RTX Corp. with violating the FCPA  in connection with efforts to obtain contracts with the Qatari military

by AdrianaAMLP | Oct 16, 2024

According to the SEC’s order, Raytheon used sham subcontracts with a supplier to pay bribes of nearly $2 million to Qatari military and other officials from 2011 to 2017 to obtain Qatari military defense contracts.

SEC issues $12m Award to Joint Whistleblowers, who provided critical information and assistance in an SEC enforcement action

by Jyotsna Bucktowar | Oct 12, 2024

The joint whistleblowers provided the SEC significant information and extensive cooperation, which helped expand the scope of the investigation and the charges brought in the enforcement action and also saved the agency substantial time and resources. The joint...

SEC alleges that Cumberland DRW has been operating as an Unregistered Dealer in the Crypto Asset Markets

by Jyotsna Bucktowar | Oct 10, 2024

Cumberland has acted as an unregistered dealer by buying and selling crypto assets offered and sold as securities for its own accounts as part of its regular business. As alleged in the complaint, Cumberland publicly calls itself “one of the world’s leading liquidity...
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  • EBA launches a consultation to simplify EU Supervisory reporting by cutting requirements by around 50% and reducing duplication and streamlining data requirements
  • NCA’s UKFIU SARs Reporter Booklet (Mar 26) reveals large-scale fraud and ML schemes, including £2.4M VAT frauds, £600k+ asset freezes, and complex organised crime networks 
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  • OECD’s Consumer Finance Risk Monitor 2026 report flags rising FC risks from AI impersonation, phishing, investment and crypto fraud, with 85% of jurisdictions citing scams as the top risk

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