The Financial Conduct Authority (FCA) is consulting on a commitments package offered by 11 commodity futures day traders under investigation for suspected competition law infringements. The regulator's concern centres on whether the individuals exchanged commercially sensitive information about their trading and/or coordinated their trading strategies, conduct that risks restricting competition in markets that depend on participants reaching trading decisions independently. T

Two former senior officials in the US Virgin Islands have been sentenced for their roles in a procurement fraud, bribery, and money laundering scheme involving federal pandemic relief funds. Ray Martinez, former Commissioner of the Virgin Islands Police Department (VIPD), was sentenced to 10 years in prison followed by three years of supervised release. Jenifer O'Neal, former Director of the Virgin Islands Office of Management and Budget (OMB), received a seven-year custodial

On 10 February 2025, President Trump signed Executive Order 14209, directing the US Department of Justice (DOJ) to pause enforcement of the Foreign Corrupt Practices Act (FCPA) for 180 days. The stated rationale was that the FCPA had been ‘stretched beyond proper bounds’ in ways that harmed American economic competitiveness. Within weeks, on 20 March 2025, the UK’s Serious Fraud Office (SFO), France’s Parquet National Financier (PNF) and the Office of the Attorney General of

A former Hawaii County housing official has been sentenced to 46 months in prison for accepting bribes in exchange for steering the approval of affordable housing agreements worth more than $11 million, none of which delivered a single home. Alan Scott Rudo, 59, a former Housing Specialist at the Hawaii County Office of Housing and Community Development (OHCD), conspired with two Big Island attorneys and a private businessman to receive kickbacks for using his official positi

Greg Lindberg, founder of Eli Global LLC and owner of Global Bankers Insurance Group (GBIG), has been sentenced to a combined 12 years in prison for orchestrating a multibillion-dollar fraud, money laundering and bribery scheme that collapsed several insurance companies and left thousands of policyholders unpaid. Between 2016 and 2019, Lindberg directed insurance companies under his control in North Carolina, Bermuda, Malta and elsewhere to invest more than $2bn in loans and

The United States Department of Justice (DOJ) has announced criminal charges against two defence contractors accused of orchestrating a long-running bribery and major fraud conspiracy that corrupted the competitive procurement process for a Department of War technology innovation lab in the Pacific. Leonard Pick, 62, of Palm Beach Shores, Florida, and Brian Kent, 59, of Tampa, Florida, are alleged to have manipulated the contracting process surrounding the US Army Pacific Com

The US Department of Justice (DOJ) has filed a civil forfeiture complaint seeking to seize a Beverly Hills mansion allegedly purchased and renovated with around $30 million in proceeds from a defence procurement fraud, foreign bribery and money laundering scheme. The complaint, filed in the US District Court for the Central District of California on 22 April 2026, alleges that a Virginia-based defence contractor and others obtained more than $700 million from the US Departmen

An Arkansas man’s guilty plea to insider trading reinforces the U.S. Department of Justice’s (DOJ) continued focus on market abuse arising from informal personal relationships and misuse of confidential corporate information. The case illustrates how non-traditional information channels, including friendships with senior executives, remain a key enforcement priority for regulators and prosecutors. Douglas Dalton admitted securities fraud after trading on material nonpublic in

FinCEN’s proposed whistleblower rule is a meaningful regulatory development rather than a routine press announcement. Although the statutory framework has been in place since the Anti-Money Laundering Act 2020 and the 2022 improvement legislation, the new Notice of Proposed Rulemaking is the step that begins to turn those powers into a functioning award and protection regime with defined procedures, eligibility rules and adjudication mechanics. The proposal was published in t

The Financial Conduct Authority (FCA) has fined Dinosaur Merchant Bank Limited (DMBL) £338,000 for significant failures in its market abuse surveillance systems within its contracts for difference (CFD) business. The enforcement action underscores regulatory expectations that firms operating in high risk trading environments must maintain robust and effective monitoring frameworks. The failings arose following the introduction of a new order management system in June 2024, wh

The US Department of Justice has used the Balt SAS case to send a dual message on Foreign Corrupt Practices Act enforcement. Companies that voluntarily self-disclose, cooperate fully and remediate quickly may secure a declination, but individuals tied to the same conduct remain firmly in prosecutors’ sights. That combination makes this a notable development for healthcare, life sciences and other internationally exposed sectors. Balt SAS, a France-headquartered medical device

The conviction of former Corsa Coal Corporation vice president Charles Hunter Hobson marks a significant Foreign Corrupt Practices Act (FCPA) enforcement outcome for the Department of Justice (DoJ), reinforcing the risks facing senior executives engaged in overseas sales involving state-linked counterparties. The case centred on nearly $140 million in coal supply contracts with Egypt’s Al Nasr Company for Coke and Chemicals, a state-owned and state-controlled enterprise, and