By
Aaron Nicodemus2022-10-18T20:52:00
French multinational building products company Lafarge pleaded guilty to providing material support and resources to two U.S.-designated foreign terrorist groups in Syria, representing the Department of Justice’s (DOJ) first corporate material support for terrorism prosecution.
Lafarge and its defunct Syrian-based subsidiary, Lafarge Cement Syria (LCS), agreed Tuesday to pay nearly $778 million in fines and forfeiture to resolve a charge laid in U.S. District Court for the Eastern District of New York. Lafarge was accused of providing material support and resources from 2013-14 to the Islamic State of Iraq and al-Sham (ISIS) and the al-Nusrah Front (ANF).
The money helped shield the Lafarge cement facility in northern Syria and its employees from being attacked or harassed by ISIS and ANF, which controlled the region during that period of the Syrian civil war.
2025-09-22T13:03:00Z By Aly McDevitt
Compliance Week’s latest case study investigates French cement maker Lafargeʼs collapse into criminal conduct detailing how sidelining ethics and compliance can lead companies into dangerous territory. What began as “local concessions” ended in funding terrorism—and a historic legal and reputational disaster.
2022-06-10T17:16:00Z By Aaron Nicodemus
The Securities and Exchange Commission opened an investigation into Ericsson following the Swedish telecommunications company’s acknowledgement of evidence of “corruption-related misconduct” that occurred in its Iraq operations.
2022-05-31T11:51:00Z By Neil Hodge
A French court ruled Lafarge should face charges of complicity in crimes against humanity after its subsidiary allegedly paid up to €13 million (U.S. $14 million) to armed groups—including the Islamic State—to keep its Syrian cement factory running between 2012-14.
2025-12-11T21:18:00Z By Ruth Prickett
Global organised crime is booming, and only 1 to 2 percent of the $4 trillion black economy is intercepted, according to figures from the Financial Action Task Force. Its new guidance suggests that countries should focus on rapid investigations, collaborative intelligence gathering, and confiscating the proceeds of criminal activity.
2025-12-11T21:14:00Z By Oscar Gonzalez
Paxful, a crypto peer-to-peer network, will plead guilty to multiple federal criminal charges related to violations of the Bank Secrecy Act (BSA), among others. The plea agreement follows years of scrutiny from regulators over anit-money laundering (AML) compliance failures.
2025-12-09T20:40:00Z By Ruth Prickett
A compliance officer is facing charges for laundering $7 million in a complex legal case in Switzerland. Swiss prosecutors have charged Credit Suisse, and one of its former employees, with failing to maintain adequate controls.
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