Category: enforcement archive

Italian parliament OKs frigate, Leopard tank deals

ROME — Italy’s parliament has approved the planned acquisition of two new FREMM frigates with updated electronics and 132 combat-version Leopard tanks as well as 140 other tank versions. The new buys, approved Feb. 21 by the parliament’s defense commission, are part of a uptick in Italian military spending partly spurred by the Ukraine conflict. Italy has previously ordered 10…

US Indicts Japanese Crime Boss Takeshi Ebisawa and assiciate Somphop Singhasiri for Alleged Trafficking of Nuclear Materials to Iran

In a significant legal move, authorities in the United States have brought charges against the head of a prominent Japanese criminal organization, accusing him of orchestrating a scheme to traffic nuclear materials from Myanmar, with the intended destination being Iran’s nuclear weapons program. Takeshi Ebisawa, aged 60, stands accused alongside his associate, Somphop Singhasiri, aged 61, of engaging in a…

UK steps up war on whistleblower journalism with new National Security Act

Under a repressive new act, British nationals could face prison for undermining London’s national security line. Intended to destroy WikiLeaks and others exposing war crimes, the law is a direct threat to critical national security journalism. It was the afternoon of May 17 2023 and I had just arrived at London’s Luton Airport. I was on my way to the…

Former CIA engineer who sent ‘Vault 7’ CIA spying secrets to Wikileaks sentenced to 40 years

A former CIA software engineer was sentenced to 40 years in prison on Thursday after his convictions for what the government described as the biggest theft of classified information in CIA history and for possession of child sexual abuse images and videos. The bulk of the sentence imposed on Joshua Schulte, 35, in Manhattan federal court came for an embarrassing…

FTC orders Blackbaud to boost security after massive data breach

Blackbaud has settled with the Federal Trade Commission after being charged with poor security and reckless data retention practices, leading to a May 2020 ransomware attack and a data breach affecting millions of people. Blackbaud is a U.S.-based company listed on NASDAQ with operations in multiple countries and a provider of cloud-based donor data management software catering to nonprofit organizations,…

Iran’s Policies Intensify: From Punishments to Worker Protests

In a disturbing turn of events, an imprisoned Iranian, Mehdi Mousavian, has initiated a hunger strike to protest the Iranian judiciary’s plan to gouge out his left eye as a retribution for allegedly blinding a policeman during a 2017 protest. Mousavian was sentenced in 2019 to retribution-in-kind, for throwing a stone at the policeman’s eye, a sentence he vehemently denies….

China Evergrande liquidation ordered by court

A Hong Kong court has ordered the liquidation of China Evergrande, the real estate firm with more than $300bn (£236.1bn) of debts, amid deepening fears for the territory’s wider corporate health. Justice Linda Chan ruled Evergrande had been unable to offer a concrete restructuring plan to creditors – more than two years after defaulting on a bond repayment and after…

Morgan Stanley and exec Pawan Passi avoid criminal misconduct prosecution for the price of $249 million

Morgan Stanley will pay $249 million to settle a criminal investigation, as well as a related Securities and Exchange Commission probe. The SEC said the bank generated more than $100 million in illicit profits as a result of misconduct by Pawan Passi, the bank’s former head of its US equity syndicate desk, and another employee.  Morgan Stanley has been under…

Share with Care: 2,217 Domains Blocked, the Majority for Circumvention

At the height of the online file-sharing boom, the phrase ‘Sharing is Caring’ was a reminder that peer-to-peer file-sharing systems lived or died on the availability of upload bandwidth. Its presentation allowed it to be about much more than that. The ‘give to get’ philosophy forms part of the BitTorrent protocol even today, but Sharing is Caring was a phrase…

American journalist Gonzalo Lira dies from neglect in Ukrainian prison

Gonzalo Lira, a prominent commentator on the Russia-Ukraine war imprisoned in Ukraine for speech critical of the country’s government, has died after weeks of medical neglect by Ukrainian authorities. Chilean-American war commentator Gonzalo Lira died shortly before noon on January, 11, 2024 at a hospital in Kharkiv, where he had been imprisoned for eight months since he was accused of…

SEC ‘deeply regrets’ its ‘errors and lapses in judgment’ in crypto case

Attorneys for the Securities and Exchange Commission apologized to a judge on Thursday for misrepresenting facts used to secure a restraining order and asset freeze against a crypto firm. In a filing submitted to the U.S. District Court of Utah, in response to the judge’s order to show cause for its misstep, the SEC attorneys wrote that the commission “deeply…

Credit Suisse handed $3.9m penalty by MAS for relationship managers’ misconduct

SINGAPORE – The Monetary Authority of Singapore (MAS) has imposed a $3.9 million civil penalty on Credit Suisse for its failure to prevent or detect misconduct by relationship managers (RMs) in its Singapore branch. Credit Suisse paid the penalty to the regulator immediately after it was imposed, and as part of the settlement, also separately compensated its affected clients, said…

Apple fears ‘irreparable harm’ after ban on selling watches upheld

Apple has said it would suffer “irreparable harm” after the White House allowed a ban on imports on some of its watches following a dispute over the devices’ blood oxygen technology. The tech giant is filing an emergency motion asking a court to allow it to sell two of its most popular watches – the Series 9 and Ultra 2…

US Targets Foreign Banks with Sanctions to Curb Russia’s War Effort

US Targets Foreign Banks with Sanctions to Curb Russia’s War Effort In a decisive stroke designed to undermine Russia’s military capabilities, US President Joe Biden has signed a far-reaching executive order targeting the financial sinews aiding Russia’s war efforts in Ukraine. The order, enacted on December 22, 2023, sanctions foreign banks that allegedly support Russia’s defense sector, underscoring the US…

Judge Orders Rudy Guiliani to Pay $148M in Damages Immediately Because He’s ‘Unlikely to Win Appeal’

Obama-appointed DC district judge Beryl Howell sidestepped the First Amendment by finding Rudy Giuliani guilty of defaming two Georgia election workers before trial for allegedly “not complying with his discovery obligations” and now she’s ordering him to pay $148 million in damages immediately because he’s “unlikely” to have the jury verdict overturned on appeal. Just as we saw with the…

Trends in French White Collar Crime

France’s Sapin II Law was created in 2016 to address corporate corruption and implement antibribery measures. The legislation took effect in 2017, marking a significant shift in the country’s regulatory compliance landscape. The law, which tracks closely with similar laws in the US, UK, and other EU countries, requires large companies [1] to implement a robust compliance program, including anti-corruption…