Welcome to the May 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 update.
- IMF board reviews AML/CFT strategy
- UK opens probe into alleged Ukrainian corruption
- First European Union Integrity System report
- EU adopts broad compliance disclosure rule
- Ukraine Sanctions
- Pharmaceutical bribery claims
- Publication of the criteria for approval of anti-corruption groups hoping to exercise the rights of civil parties in French criminal investigations
- Corporate criminal liability: the Supreme Court (Cour de Cassation) reaffirms the need to attribute the offence to a specific body or representative
- Spanish regulations are approved to implement the Spanish Anti-money Laundering Act of 2010
- GlaxoSmithKline bribery allegations
- Egypt Finance Minister detained in France
- Large-scale commercial bribery has been prevented
- Authorities prevented a series of frauds
- Money laundering investigations in Hong Kong up sharply following 2012 law
China, South East Asia & India
China
- China to focus more on bribe-givers
- Chairman of China Resource Holding Co. under investigation
- Qualcomm under investigation due to conduct in China
- Avon settles SEC and DOJ investigation by agreeing to pay US$135 million
- Deputy Chairman and Party Secretary of the Chinese Association for Science and Technology under investigation
- Former China Mobile Executive sentenced to death for taking bribes
- China's Former Security Chief. Zhou Yongkang, has his assets seized
- Senior official in Qinghai province under investigation for graft
- Two former officials in Henan province under investigation
- Former Deputy Chief of the Department of Transport under investigation for taking bribes
- Chongqing legislator under investigation for graft
India
- DOJ asks India to put current MP under preliminary arrest
Indonesia
- Former Head of Indonesian Energy Regulator jailed for accepting bribes
- Former Chief of the Indonesian Audit Agency named as a suspect in a bribery case
Myanmar
- Myanmar Parliament questions judicial corruption
Vietnam
- Vietnam prosecutor seeks identity of official involved in bribery investigation
Malaysia
- Former Director of National Arts and Culture Department charged with accepting bribes and making false claims
Philippines
- Former officials of the Department of Health found guilty of accepting bribes
Pakistan
- Pakistan's NAB arrests energy moguls
Korea
- Former head of Lotte Homeshopping questioned for allegedly receiving bribes
- DOJ seeks to recover monies linked to the former President of South Korea
- Individual shareholder brings derivative action against Mizuho Financial Group following "anti-social forces" loans scandal
- Japan Transportation Consultants Inc. suspected of paying bribes
- Australia reconsidering support for open government initiative
- Australian Crime Commission, AFP and intelligence agencies push for reform of telecommunications laws
- Greater powers for Victoria’s anti-corruption agency
- Reform considered for Queensland’s Crime and Misconduct Commission
- SEC issues partial stay of conflict minerals rules
- SEC expands probe into hiring practices in Asia
- Israel enters into tax information sharing arrangement with US
- U.S. expands Ukraine sanctions
- Attorney General announces dedicated kleptocracy squad
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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.