Welcome to the February 2014 edition of our corporate crime update - our round-up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each jurisdiction, please click on the name of the jurisdiction below. Below we provide a brief overview of what is covered in each jurisdiction's update.
- Transparency International launch asset recovery paper: 'Closing down the safe havens: ending impunity for corrupt individuals by seizing and recovering their assets in the UK'
- Donald Toon appointed as director of NCA Economic Crime Command
- New NCA SAR guidance
- FCA fines bank over money laundering controls
- Implementation of Geneva interim nuclear agreement with Iran
- Compromise proposal for MLD IV
- SWIFT announces KYC Registry and dedicated Financial Crime Compliance unit
- Appointment of the financial public prosecutor (procureur de la République financier)
- Custody: the Paris Criminal Court creates an important precedent regarding access to the investigation file
- GRECO publishes its Fourth Round Evaluation report on France
- Money laundering sanction imposed on a Gibraltar Bank for refusing to disclose the identity of its Spanish customers
- UAE in the Corruption Perceptions Index 2013
- Central Bank of the UAE considers new anti-money laundering law
- Dubai Prime Minister sets up special judicial committee to settle the Al Boom fraud case
- Bribery and corruption reduction in UAE
- Omani Government official imprisoned for corruption
- Criminal Investigation against Ex -Managers of the Siberian Chemical Plant
- Russian Government approves new Regulation for accounting for gifts
- China to introduce blacklist for drug makers and medical device manufacturers - China
- China implements new rules requiring individuals to declare overseas assets - China
- China introduces new rules regarding bankers' finances - China
- NACC to investigate rice subsidy programme in Thailand - Thailand
- Indonesian anti-corruption agency confiscates assets of former head of the constitutional court - Indonesia
- SFO launches formal investigation into Rolls Royce's activities in Indonesia and China - Indonesia
- New anti-corruption helpline in Delhi overwhelmed by calls - India
- Norwegian police indict three former executives of Yara International - India
- India cancels AgustaWestland contract amid allegations of bribery - India
- India introduces new law creating anti-corruption watchdog - India
- C4 launched in Malaysia to end corruption - Malaysia
- Second former Foxconn executive detained by Taiwanese authorities – Taiwan
- Further developments in the Mizuho "anti-social forces" loans scandal
- Statutory review of operation of anti-money laundering laws announced
- TI: Australia must do more to fight corruption
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.