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Top 10 International Anti-Corruption Developments for December 2021 | Morrison & Foerster LLP

Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption.

Switzerland drops money laundering probe into ex-Spanish king

Former Spanish king Juan Carlos gets good news over Saudi Arabia bung investigation

SWISS authorities have dropped a corruption probe into an offshore fund linked to King Emeritus Juan Carlos I. It had been alleged that the ex-monarch

Switzerland drops money laundering probe into ex-Spanish king

Saudi King Salman $100 Million Gift To Juan Carlos I of Spain: Swiss Probe If Late Saudi King Abdullah $100 Million Thank You Gift Broke Law

A Swiss prosecutor is probing Saudi king s $100 million gift to Juan Carlos I of Spain. A Swiss prosecutor is probing whether the late Saudi king broke any laws when he transferred $100 million to a fund controlled by fellow royal Juan Carlos I of Spain in 2008. Last month, a hearing was held behind closed doors in Geneva to discuss a legal opinion that prosecutor Yves Bertossa sought from scholars on whether the payment by the late King Abdullah could constitute a crime under Saudi law, according to documents seen by Bloomberg. Bertossa first solicited the advice in a July 23 letter to the Swiss Institute of Comparative Law.

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