Stroz Friedberg assists a multinational corporation with FCPA investigations, unveiling money laundering and FCPA violations of one of its rogue subsidiaries.
After two previous investigations failed to provide evidence of any wrongdoing, a U.S. multinational client continued to be suspicious of misconduct in its Geneva-based subsidiary. A Stroz Friedberg Investigator was called to conduct and manage a global investigation of suspected violations of the Foreign Corrupt Practices Act (FCPA), money laundering and improper trading practices by the “rogue” subsidiary. Stroz Friedberg spent seven months analyzing approximately $9 billion in transactions, including the manual review of wire transfers, and interviewing witnesses in Europe and the Middle East. The investigation uncovered a number of “highly suspect” third-party payments and receipts— a classic indication of money-laundering practices, and evidence of violations of US and UN sanctions (“Trading with the Enemy”).