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Rahman Ravelli Solicitors
Serious Fraud, Regulatory and Complex Crime Lawyers
Serious Fraud, Regulatory and Complex Crime Lawyers


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Oil services company Petrofac may quit North Sea operations as it struggles with a $1 billion debt, falling share value and an SFO bribery investigation.

The company’s problems are not solely due to its bribery investigation. But they do show the dangers associated with bribery – and the importance of takings steps to prevent it.

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Aziz Rahman, of award-winning business crime solicitors Rahman Ravelli, examines and explains cartel behaviour and advises companies about its risks. Read more on BQLive.

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Negligent or unwitting accountants risk becoming involved in money laundering, according to the Treasury.
It says that accountants are appealing to criminals as they can help them gain legitimacy.
Accountants must recognise and react appropriately to money laundering. Failure to do this can ruin their professional standing and mean prosecution.

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Aerospace giant Airbus is now facing corruption allegations in a fifth country. Syedur Rahman and Nicola Sharp examine the risks of bribery in international trade and how corporates should respond if they face such allegations.

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Dutch drill maker SBM Offshore will pay $238 million to settle charges of paying bribes to win business worth $2.8 billion from state-owned oil companies in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq.

Managing historical bribery allegations - and ensuring a company is not involved in it in the future - requires careful legal handling.

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SFO bribery investigations into oil contractor Unaoil have led to two more men being charged, bringing the total to four.
Those who have been charged will need robust, proactive defence from legal representatives who can challenge the assumptions, potential evidence and witnesses that the SFO will be relying on to seek convictions.

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The U.S. Justice Department has announced that most companies will avoid prosecution if they disclose foreign bribery and cooperate in the investigation.

In the UK, Rolls-Royce’s gaining of a DPA, as opposed to being prosecuted, has already showed the benefits for companies that are prepared to cooperate and negotiate once bribery has been discovered.

"Royal Bank of Scotland recently paid $44M to settle a US criminal investigation that accused its traders of lying to clients over investments."

Read more on 'What General Counsel need to know about dishonesty and investment fraud' on Lexology.

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Royal Bank of Scotland has paid $44M to settle a US criminal investigation that accused its traders of lying to clients over investments. Click below to read more.

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The Central Bank of Ireland has fined life assurance company Intesa Sanpaolo Life €1 million for four breaches of the Money Laundering and Terrorist Financing Act.
Financial institutions must adopt robust preventative measures. Failure to meet the legal requirements can be costly, as Intesa has learned.
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