Craig Buchan

The deferred prosecution agreement between Jersey and the local arm of a US payments company “shows that the interests of companies and their employees or shareholders are better served by self-reporting,” the island's top prosecutor said.

Practitioners told GIR that they expect further government action in the coming years to bring the UK's modern slavery due diligence requirements in line with other leading economies, after the Home Office responded to a review of the Modern Slavery Act.

A very Happy New Year from all of us at Global Investigations Review. Catch up on the news you may have missed over the last two weeks, including BIS and OFAC settlements, the designation of more US defence companies by the Chinese commerce ministry over Taiwan sales, and an unsuccessful appeal by a Russian oligarch to get himself off the EU's sanctions list.

Staff at the Serious Fraud Office and the Crown Prosecution Service have been named on the UK's 2025 New Year Honours list and the former chief counsel to the Mayor of New York City will move into private practice.

The Brazilian leniency agreement comes 11 months after the US commodities trading company entered into a DPA with the US Department of Justice over the same misconduct.

A Jersey payments business showed a “lack of concern” when a company it relied on for customer due diligence checks was fined for compliance failures, according to a deal with local prosecutors.

WilmerHale, Debevoise and Simpson Thacher were among the firms instructed by a swathe of investment advisory and broker-dealer companies that admitted failing to record employees' work-related communications.

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American Express has avoided a conviction after agreeing to pay around $200 million to resolve US criminal and civil investigations into claims the payments company deceptively marketed its products.

The former top prosecutor in Manhattan is among a host of ex-enforcers joining the ranks of top US firms after serving in the Biden administration, while many more senior US government lawyers also confirmed their departures without revealing their next steps, ahead of the inauguration of President Donald Trump.