The UK Serious Fraud Office said Friday a court approved its second application for a deferred prosecution agreement to settle Bribery Act and related offenses committed in several foreign countries. Deferred prosecution agreements are commonly used in the United States to resolve FCPA and other corporate criminal offenses. But the practice is new in the […]

Spanish authorities launched a raid on the Madrid offices on the Industrial and Commercial Bank of China (ICBC) on Wednesday (17 February) amid an investigation focusing on money laundering and tax fraud. The bank’s director was among those arrested during the raid. The operation, conducted by the Civil Guard and the Anti-Corruption Attorney’s Office, sought […]

The case was the first in relation to Deferred Prosecution Agreement (DPA) in the UK AND Disposal of an offence under section 7 of the UK Bribery Act in respect of failing to prevent bribery by an associated person. First Deferred Prosecution Agreement in UK The DPA relates to allegations that the Bank failed, contrary […]

LONDON, Nov 30 ICBC Standard Bank Plc agreed to pay nearly $37 million and enter into a British financial regulator’s first deferred prosecution agreement to end probes into bribery of officials in Tanzania. The accord marks the first time that Britain’s Serious Fraud Office has used a DPA, which typically lets a company avoid prosecution […]

The U.K. Serious Fraud Office is seeking to enter into a plea agreement with ICBC Standard Bank Plc, marking the first deferred prosecution agreement the agency has issued since receiving new powers last year. The deal, which was approved in principle in a private hearing with Judge Brian Leveson, will go before a London court […]