The November 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 jurisdiction's update is set out below.
- HMT updated advisory notice on AML and CTF in overseas jurisdictions
- NCA launch heralds changes to UK bribery regime
- SFO speech: World Bribery and Corruption Compliance Forum
- FCA thematic review into asset management and platform firms' AML and corruption systems
- BIS announces public register of beneficial company ownership
- Updated FAQs on OFT supervision under MLR 2007
- Consultation on sentencing guidelines for fraud, bribery and money laundering offences closes
- UK printing company and executives charged with corruption
- FATF: Meeting on Corruption
- CRIM final report on organised crime, corruption and money laundering
- ESAs report on AML and CTF risk-based supervision
- TI's Annual Progress Report 2013: Assessing Country Enforcement of the OECD Anti-Bribery Convention
- TI report 'corruption in local government: the mounting risks'
- TI calls for EU countries to do more to protect whistleblowers
- UNODC paper tracing the proceeds of Somali piracy money
- Law on tax fraud and serious economic and financial crime adopted by the French National Assembly
- Reforms relating to Transparency in Public life
- France signs an agreement on the Foreign Account Tax Compliance Act ("FATCA") with the United States
- Creation of a Central Office for fighting against Corruption and Financial Offences
- DFSA imposes six year ban on financial adviser after he had already left the UAE
- Former Mizin executive cleared of financial irregularities
China, South East Asia & India
- Diebold resolves FCPA investigation and agrees to pay $25.2 Million criminal penalty - China
- Former executive of Maxwell Technologies indicted on charges of conspiring to bribe Chinese officials - China
- Indonesia's top judge arrested for bribery - Indonesia
- Lawmakers issue Medan Declaration to fight corruption - Indonesia
- India's anti-corruption legislation to undergo a major change - India
- India moves to cancel AgustaWestland deal - India
- South Korea charges 100 individuals with corruption over nuclear scandal – South Korea
- Mizuho Bank sanctioned by Japanese FSA for loans to "anti-social forces", further sanctions now possible following incorrect report to the FSA
- ASIC Chairman discusses the regulator’s role in bribery and corruption investigations
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.