Welcome to the April 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.
- JMLSG AML final guidance for consumer credit providers
- BoE suspends staff member in FOREX market review
- FCA fines Besso for anti-bribery systems failings
- SFO Speech: Corporate Criminal Liability
- LIBOR: Three former brokers charged
- Council adopts Directive on the freezing and confiscation of proceeds of crime
- Serbian Cabinet minister arrested
- Ukraine further sanctions
- OECD criticises South Africa for zero foreign Bribery prosecutions
- FATF publishes new guidance on anti-money laundering and counter-terrorism
- Jordan heads towards implementation of National Integrity Charter
- Former Israeli Prime Minister convicted of bribery
- Saudi Arabia to name corrupt officials
- Owner of the Chelyabinsk Tube Rolling Plant is charged with commercial bribery
- Investigation committee wants to criminalise violation of strategic companies acquisition rules
- Joseph Lau Luen-Hung, Steven Lo Kit-Shing sentenced to jail for land deal
CHINA, SOUTH EAST ASIA & INDIA
China
- China's anti-corruption regime will penalise officials "without mercy"
- Official in the Chinese PLA charged with bribery
- Deputy Governor of the Chinese province of Jiangxi under investigation
- Chairman and shareholder of Wison Engineering arrested for bribery in China
- Chinese executive of state-owned logistics company sentenced to five years for bribery
Indonesia
- Former Indonesian Governor sentenced to 14 years imprisonment
India
- India launches an investigation into Rolls Royce
Vietnam
- Vietnamese Ministry of Transport launches investigation relating to railway projects
Philippines
- Prosecutors in the Philippines will file corruption charges against three Senators
Papua New Guinea
- Ex-Minister sentenced to nine years in jail with hard labour
- The FSA's continuing reaction to "Anti-Social Forces" loans
- ASIC calls for white-collar reform
- SEC Chair Mary Jo White speaks at ASIC's Annual Conference
- US continues to increase intensity of sanctions against Russia
- US Treasury Undersecretary for Terrorism discusses virtual currencies and AML/sanctions compliance
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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.