The August 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.
- New DPP appointed
- BIS call for evidence on whistleblowing framework
- IOSCO publishes paper on cyber-crime, systematic risk and global securities markets
- Justice Secretary asks SFO to investigate security firms
- Transparency International guidance for conduct of effective bribery risk assessment
- SFO recent statistics
- FCA Financial Crime Newsletter No. 1
- FCA anti-money laundering annual report 2012/13
- Formula 1 Boss served with indictment on bribery charge
- BIS consultation on company ownership and transparency
- Financial public prosecutor
- Constitutional Reform of the Supreme Magistrate's Council
- Oil for food
- EU adds Hezbollah's military wing to terrorism asset freezing list
- ECJ judgement in Kadi II
- EU renews and amends sanctions against North Korea and Syria
- Global Corruption Barometer 2013
- Deeyar's former CEOs acquitted
- CEO sentenced to 16 months for securities fraud
- State body found guilty of cartel agreement
- New Russian anti-money laundering laws
- Money laundering ring exposed
- China - IBM settles bribery claims for US$10 million
- China - China's former railways minister gets suspended death sentence for corruption scandal
- China - Senior officials removed from their posts during bribery investigations
- China - Bo Xilai finally indicted on corruption charges
- China - GlaxoSmithKline admits executives involved in bribery
- Indonesia - Chevron worker convicted of corruption
- Indonesia - Indonesia to build an international anti-corruption academy?
- India - Indian firm debarred by World Bank for fraud and corruption:
- India - FCPA inquiries into several U.S. companies' ventures in India:
- Burma - Burma's Parliament approves Anti-Corruption Bill:
- Burma - Tax Revenue Officials implicated for corruption:
- Vietnam - Party Leader demands fight against corruption
- Malaysia - Directors and CEOs may be held liable for employee corrupt acts
- Malaysia - Former FELDA subsidiary officers misappropriates funds exceeding US$9 million
- Singapore - Anti-corruption officer charged for misappropriation of public funds
- Singapore - Money Authority of Singapore fines 22 firms over money-laundering
- Taiwan - Taipei City Councillor faces corruption charges
- Pakistan - Anti-corruption enquiries into illegally transaction government lands
- Korea - Korea's first anti-corruption bill for government officials approved
- Olympus scandal: sentences issued against former executives
- In their sights: Port Council faces investigation by new integrity watchdog
- Miners nervous of anti-bribery laws
- ASIC releases information sheets on involvement in private court proceedings and providing information to private litigants
- Whistleblowers are not protected under Dodd-Frank if they report internally
- US government may proceed with lawsuit against S&P
- SEC announces new special incentives
Disclaimer
Herbert Smith Freehills LLP has a Formal Law Alliance (FLA) with Singapore law firm Prolegis LLC, which provides clients with access to Singapore law advice from Prolegis. The FLA in the name of Herbert Smith Freehills Prolegis allows the two firms to deliver a complementary and seamless legal service.