FRA was engaged to support the monitorship of an Israeli bank and its subsidiaries, who between 2000 and 2011 were found to have wilfully assisted US clients in opening and maintaining undeclared accounts in a foreign country, and concealing offshore assets and income from authorities.
FRA was engaged to support the monitorship of an Israeli bank and its subsidiaries, who between 2000 and 2011 were found to have willfully assisted US clients in opening and maintaining undeclared accounts in a foreign country, and concealing offshore assets and income from authorities. Post-settlement, FRA served as the forensic consultant to the appointed independent compliance monitor under the terms of a Consent Order. The monitorship involved conducting a comprehensive evaluation of the bank’s global compliance function.
FRA designed and executed compliance-focused data analysis and testing of relevant aspects of the bank’s compliance program, as related to US Department of Treasury’s Office of Foreign Assets Control (OFAC), US Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and the Foreign Account Tax Compliance Act (FATCA), and assisted in the assessment of the bank’s corporate governance across multiple jurisdictions. The assessment included interviews with key members of the compliance and AML teams, evaluation of the Know-Your-Customer (KYC) program, Enhanced Due Diligence procedures, customer risk rating systems, and transaction monitoring and reporting systems. FRA’s analysis and testing of data from multiple disparate bank systems was performed under strict data privacy and security protocols agreed with the bank.
FRA’s analysis enabled the monitorship team to develop a series of practical and realistic recommendations — at both the global and local level — for the bank to implement in support of strengthening its global compliance program.
High Court Claim related to Oil & Gas Services Company
Our client was defending a multi-billion dollar High Court claim in relation to alleged breaches of a long-term logistics contract. FRA was engaged to provide expert witness support and evidence in relation to the calculation of potential damages associated with loss of profits.More info
Holocaust Restitution Claims Administration
FRA was retained separately by Swiss and German authorities to build claims administration systems for hundreds of thousands of holocaust survivors, facilitating the disbursement of hundreds of millions of dollars over five years. These were among firm's first engagements after our founding at the turn of the century.More info
In December 2022, the Switzerland-based multinational technology company reached a “full and final settlement” of $327 million with several national authorities. A multi-disciplinary, international team of FRA specialists supported the company through their cooperation with the authorities over more than three years, from investigation to settlement to compliance remediation.More info
Expert Witness to the Quebec Superior Court
FRA provided pro-bono support to a Canadian individual who brought a case to the Quebec Superior Court to challenge the Canadian Criminal Code law that allows police officers to make traffic stops without suspecting any offence being committed.More info
Responding to a Data Subject Access Request (DSAR)
FRA supported a client's response to an ex-employee's Data Subject Access Request (DSAR) with a limited time period to respond. FRA applied a DSAR solution to gain a holistic view of more than 900,000 documents, eliminate redundancies; redact confidential information, and deliver a complete and structured response.More info
International Not-for-Profit Organization
FRA was approached to provide pro bono support to a not-for-profit organization that had identified potential anomalies in its accounting and banking records.More info
A European bank approached FRA to perform an initial evaluation of its exposure related to customers allegedly involved in money laundering activities. This was of concern to the client given the potential regulatory, financial and reputational implications for the bank.More info
Middle-East Telecommunications Company
FRA was retained to support one of the world’s largest mobile telecommunications companies in an internal investigation which required an eDiscovery review in the context of alleged compliance violations.More info
Multinational Oil and Gas Extraction Company
FRA was retained by counsel to assist a client performing a due diligence exercise in connection with purchasing an oil and gas producer in West Africa.More info
Multinational Life Sciences Company
FRA was retained by US counsel to assist a life sciences firm assigned under a Deferred Prosecution Agreement (DPA) related to violations of the US Foreign Corrupt Practices Act.More info
Nordic Telecommunications Company
FRA was instructed by Telia Company (market cap: over $17 billion) and its counsel in the UK, US, the Nordics and Holland to provide forensic accounting and eDiscovery consulting services in the investigation of the Scandinavian telecoms company.More info
Multinational Transport Engineering Company
FRA was retained by US counsel to Alstom (market cap: over $10 billion) to assist with defending a US securities class action suit. The case involved allegations around export credit financing of a division that Alstom had sold to a third party.More info
Multinational Insurance Firm
FRA was retained by a major European-headquartered insurer (market cap: over $60 billion) involved in a legal dispute with a US client. The US-based litigation required a potentially wide-ranging and costly eDiscovery exercise.More info
FRA advised Airbus and its counsel from the early stages in designing a robust and forensically based approach to the investigation, customising a data governance strategy alongside compliance risk assessment and remediation support, as well as the eventual fine calculation.More info
Following the imposition of a monitor in a joint resolution by the US Department of Justice (DOJ) and US Securities & Exchange Commission (SEC), Technip retained FRA to review the company’s anti-bribery measures and export control compliance program, provide forensic accounting and eDiscovery services and train the client’s internal audit staff to autonomously conduct future internal reviews.More info
Rolls-Royce plc, the UK-based manufacturer and distributor of power systems for the aerospace, defense, marine and energy sectors, was under investigation by the US Department of Justice (DOJ), UK Serious Fraud Office (SFO) and Brazilian authorities in relation to an alleged long-running scheme to bribe governmentMore info