The September 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/region. A brief overview of what is covered in each country's update is set out below.
- FCA fines bank for anti-money laundering failings
- The FCA’s financial crime priorities
- FCA mobile banking and payments thematic review
- Calculation of "criminal property": Court of Appeal orders confiscation of profit earned by company on corruptly obtained contract
- High Court finds SFO not barred from giving disclosure of third-party documents obtained under compulsory powers
- New SFO joint head of bribery and corruption
- David Green speech to Cambridge Symposium
- SFO brings first Bribery Act prosecution
- Olympus charged by SFO
- Lloyd's of London invests in City of London Insurance Fraud Enforcement Department
- Market abuse update
Europe
- Updated sanctions notices
- Recent sanctions developments: EU relaxes certain Syrian sanctions and amends measures relating to North Korea, Iran and Tunisia; US relaxes Myanmar sanctions
- Prisoners to be released following error by former Minister of Justice
- Cooperation between French and Swiss Police in corruption investigation
- The New Spanish Criminal Code clamps down on corruption
- UAE central bank circular issued on anti-money laundering
- Amendments made to DFSA Rulebook
China, South East Asia & India
China
- Member of the Central Committee under scrutiny as target in series of graft investigations
- Former Security Tsar Zhou Yongkang investigated for corruption
- Two investigators arrested for selling personal information about Chinese citizens to corporate clients
- Petrochina's shares fall following corruption probe
- Guangdong's top China mobile executive sacked and detained for investigation
- Eli Lilly latest pharmaceutical company to face bribery allegations
- Bo Xilai Awaits verdict
Indonesia
- Head of Indonesia's oil and gas regulator arrested on allegations of bribery
Cambodia
- Cambodian police complete training on combatting financial crimes
Myanmar
- Myanmar passes first anti-corruption Bill
Vietnam
- Bribe-givers granted immunity in Vietnam
- Special teams established to monitor anti-corruption work
Philippines
- New draft bill seeks to include casinos in the coverage of the Anti-Money Laundering Act
Singapore
- General manager of manufacturing company convicted of corruption
Malaysia
- Preliminary talks on legislation making company directors liable for staff corruption
Taiwan
- Taipei City councillor Lai Su-Ju on trial for accepting bribes relating to Twin Towers
Pakistan
- Microsoft accused of authorising firm to pay for government official trip
- Japan's SESC seeks biggest ever fine against non-Japanese company
- ASIC announces renewed focus on insider trading
- Trader guilty of fraud
- Review of World Bank sanctions system
- DOJ/ SEC continue investigation into Microsoft
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