Massachusetts-based medical technology company Analogic Corporation and a foreign subsidiary and that unit's former CFO settled FCPA violations related to $20 million in improper payments in Russia and other countries.
Entries in Cyprus (9)
It’s a scenario that FCPA practitioners see all too regularly. A due diligence report regarding an intermediary reveals that it’s organized not in its home jurisdiction, but in Cyprus. Or Guernsey. Or Panama.
Documents leaked Sunday from a Panama law firm showed alleged use of anonymous shell companies by world leaders, politicians and others to shield billions of dollars from public view.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Thursday imposed “special measure five” against Tanzania-based FBME Bank Ltd, formerly known as the Federal Bank of the Middle East.
A former top executive of Bechtel Corporation pleaded guilty Thursday for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.
A businessman who told a bank that his partners in a phony diamond processing operation were Armenia's prime minister and archbishop was arrested Friday in the Georgian capital of Tbilisi on charges of money laundering.
U.S. Attorney Preet Bharara said Tuesday the United States has filed a civil forfeiture action against the assets of nine companies that own real estate in Manhattan. The complaint targets four luxury residential units and two high-end commercial spaces.
A Russian journalist who reported on the tax fraud uncovered by murdered lawyer Sergei Magnitsky has been awarded the 2013 Knight International Journalism Award.
Moldova has opened a criminal money-laundering probe connected to the alleged $230 million theft exposed by murdered Russian anti-corruption lawyer Sergei Magnitsky.