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The March 2013 edition of our corporate Crime Update covers developments in relation to corruption, money laundering, fraud, sanctions and related matters across a number of jurisdictions.  For the full update on each jurisdiction, please click on the name of the country.  A brief overview of what is covered in each country's update is set out below.  

United Kingdom

  • Revised Guidance on submitting a SAR
  • Police corruption: gifts and second jobs to go on register
  • Isle of Man Bribery Act 2013
  • UK restrictions on Iran

France

  • New Anti-corruption Bill

Spain

  • Reform of the legal regime applicable to managers of credit institutions
  • Supreme Court decision on "prohibited negotiations" interpretation

Middle East

  • SNC Bribery Investigation focuses on an Algerian money manager with ties to multinational oil and gas firms

Russia

  • Criminal Scheme Detected in electric energy sector in Russian regions
  • Bribery used to obtain alcohol license in Moscow

Hong Kong

  • Re-trial of TVB manager Stephen Chan
  • Prosecution amends charges in Kwok brothers' case
  • Recent case reiterates duty to keep ICAC investigations confidential

Japan

  • Japan Advisory fined for illegally acting on inside information
  • FSA fines individual for market manipulation of multiple stocks

Australia

  • Former stockbroker sentenced to jail for $7.5 million fraud
  • ASIC crackdown on insider trading

United States

  • SEC charges Hedge Fund Managers With Fraud
  • SEC Charges Virgin Islands-Based Investment Adviser with Defrauding Clients
  • SEC Freezes Assets in Swiss-Based Account Used in Suspected Insider Trading Ahead of Heinz Acquisition
  • Wal-Mart probe hits Kimco Realty