Panama Intermediaries sentenced for bribery & ML

US DoJ sentences ex-Panamanian president’s sons to 36 months in prison for laundering $28m in a scheme involving Odebrecht, a Brazilian construction conglomerate. The defendants were also ordered to forfeit more than $18.8 million, pay a $250,000 fine…

OECD 2022 report on competition trends

This report highlights worldwide competition enforcement trends using the unique OECD CompStats database that includes 32 variables covering competition authority resources, cartels, abuse of dominance, mergers, and advocacy. Panel data on competition...

FCA fines NatWest over AML failures

NatWest fined £264.8 million after failing to comply with account-monitoring requirements, becoming the first bank to be criminally convicted under the UK’s AML regulations. The ‘red flags’ that were reported included significant amounts…

US DoJ sentences former DEA special agent for ML

A former Drug Enforcement Administration (DEA) special agent was sentenced in prison for operating a money laundering and fraud scheme. This included conspiracy to commit money laundering, honest services wire fraud, bank fraud, and aggravated identity...