Rabobank pleads guilty, forfeits $369 million for laundering Mexico drug money

The U.S. unit of Netherlands-based Rabobank pleaded guilty Wednesday to a felony conspiracy for concealing defects in its anti-money laundering program and obstructing a federal investigation.

Click to read more ...

DOJ indicts two former Deutsche Bank traders for LIBOR fraud

Two former Deutsche Bank AG  traders -- the bank’s supervisor of the Pool Trading Desk in New York and a derivatives trader in London -- were indicted for their alleged roles in a scheme to manipulate the U.S. Dollar London InterBank Offered Rate, the DOJ said today.

Click to read more ...

U.S. jails two former Rabobank traders for rigging LIBOR

Two UK citizens and former derivatives traders at Rabobank were sentenced to U.S. prison Thursday for rigging LIBOR rates for U.S. Dollars and Japanese Yen.

Click to read more ...

UK bans former Deutsche Bank trader for LIBOR fraud

The UK Financial Conduct Authority Wednesday banned a former trader at Deutsche Bank AG from the UK financial services industry for "lacking honesty and integrity" following his guilty plea for fraud in the United States.

Click to read more ...

How Alcoa avoided a $1 billion criminal fine while others got hammered

Leslie Caldwell, chief of the DOJ's criminal division, talked at last week's Annual Ethics and Compliance Conference in Atlanta. She covered the ten hallmarks of an effective compliance program and cooperation with the DOJ in FCPA and other white-collar investigations. Her examples of good and bad corporate behavior came from real life.

Click to read more ...