Malcolm Aboud Malcolm Aboud

Nike withdraws from supplying Iranian World Cup Team over sanctions concerns

Nike announced on June 11, 2018 that it would withdraw from supplying shoes to players on the Iranian national soccer team as a result of U.S....

U.S. Bancorp pays $613-million for deficient AML measures

On February 12, 2018, U.S. Bancorp (“USB”) – the parent company of U.S. Bank and the fifth largest bank in the United States...

OFAC announces sanctions settlement against Canadian company’s U.S. parent

On October 5, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced a $372,465 settlement with...

OFAC announces two major sanctions fines in July

This past July, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced two major fines for sanctions...

Ontario Court of Appeal breathes some life into anti-corruption pursuits

On July 6, 2017, the Ontario Court of Appeal upheld Canada’s first conviction under the Corruption of Foreign Public Officials Act (the...

UK Court holds counsel’s interview notes during internal investigation are not privileged

In a decision released on May 8, 2017, London’s High Court held that interview notes and working papers prepared by a company’s external...

Wal-Mart secures dismissal of New York shareholder lawsuit

Wal-Mart Stores Inc. scored a legal victory on February 27, 2017 by securing the dismissal of one of a series of lawsuits arising from bribery...

Penalties Assessed for Untimely Disclosure of Liabilities Arising From an Investigation

On September 9, 2016, the United States Securities and Exchange Commission (“SEC”) charged RPM International Inc. (“RPM”) and...

U.K. Serious Frauds Office Enters into Second Deferred Prosecution Agreement to Resolve Corruption and Bribery Charges

The U.K. Serious Frauds Office (the SFO) on July 8, 2016 obtained its second deferred prosecution agreement (DPA). The Southwark (London) Crown Court...

U.S. Court Upholds Five-Year Limitation Period for SEC Disgorgement Remedies

The United States Court of Appeals for the Eleventh Circuit held in its late May judgment in SEC v. Graham that the five-year limitation period set...