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December 6 2019 Telefonaktiebolaget LM Ericsson (Ericsson or the Company), a multinational telecommunications company headquartered in Stockholm, Sweden, has agreed to pay total penalties of more than $1 billion to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) arising out of the Company’s scheme to...
December 5 2019 The Reserve Bank of India (RBI) has, by an order dated December 05, 2019, imposed a monetary penalty of ₹25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) Norms/ Anti Money Laundering (AML) Standards and Opening...
December 5 2019 Dutch bank ING Groep NV's Italian business has reached a provisional deal with Milan prosecutors to settle a money-laundering investigation by paying 30 million euros ($33 million), two sources familiar with the matter said. The proposed settlement, known as an "agreed penalty", has yet to be confirmed by a...
December 5 2019 At least 300 people are expected to hear allegations in the largest Polish cybercrime investigation that is being carried out by Lublin's "prosecutors" of the National Prosecutor's Office - found out tvp.info. The Polish branch of the gang has stolen over PLN 150 million from bank accounts around...
December 5 2019 The Vice-President of the Supreme Court of Justice, Oleg Sternioală, accused by anti-corruption prosecutors of money laundering in particularly large proportions, has resigned. The information was made public by the Minister of Justice, Fadei Nagacevschi, during a television show. The request for resignation of the judge is to be...
December 4 2019 The Danish Gambling Authority have assessed that in the specific case, 888 Denmark Limited did not sufficiently fulfill their obligations under section 25(1) of the Danish Anti-Money Laundering Act. The section states that the operator must investigate unusually large transaction patterns and activities which do not have a...