Market News

SEC FCPA enforcement: 2020 year in review

In 2020, the U.S. Security and Exchange Commission (hereinafter “SEC”) brought eight corporate enforcement actions and collected approximately USD 683 […]

Major changes in AML compliance and enforcement: A review of 2020

2020 was an eventful year in anti-corruption enforcement; from Airbus to Goldman Sachs and numerous matters in between. In the […]

GDPR enforcement: Cyber attacks have increased during pandemic

A newly published GDPR Enforcement Tracker Report has analysed fines of the European data protection authorities based on the General […]

FATF/GAFI: COVID-19 related money laundering and terrorist financing risks

The COVID-19 pandemic has not only led to human suffering and economic hardship, but it has also spawned a range […]

GRP releases the ESG Index 2020: Switzerland remains at the top

Global Risk Profile (GRP), a Swiss company specializing in third-party risk management related services, has released the third edition of […]

Indictment filed against Credit Suisse and Bulgarian criminal organisation

The Office of the Attorney General of Switzerland (hereinafter “OAG”) has filed an indictment in the Swiss Federal Criminal Court […]

Ten years to recoup illicit profits for the US SEC under bill passed by Congress

Under the “National Defense Authorization Act for Fiscal Year 2021” (H.R.6395, hereinafter “2021 NDAA”) passed by Congress in the first […]

Publication of Joint FATF-EG Trade-Based Money Laundering Report

On 9 December 2020, the FATF and the Egmont Group have published their newest report on trade-based money laundering. Pursuant […]

New U.S. Defence Act with ramifications to AML provisions and whistleblower program

On Friday 11 December 2020, the U.S. Congress has approved the USD 740 billion “National Defense Authorization Act for Fiscal […]

GE agrees to pay USD 200 Million for disclosure violations

The U.S. Securities and Exchange Commission (hereinafter “SEC”) has announced that General Electric Co., one of the worldwide largest conglomerates […]