Welcome to the July 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.
United Kingdom
- Andy Coulson to face retrial on bribery charges
- SFO launches formal investigation of UAE bribery claims at Sweett Group
- FCA high risk countries webpage
- HMT advisory notice on money laundering
- HMT financial sanctions – revision of policy
- Criminal charges against Alstom in the UK
- SFO speech to UK Aerospace and Defence Industry seminar
- Bruce Hall sentenced to 16 months in prison
- Forex Investigation
- Amendments to Extradition Act 2003
- Interim relief from Iran sanctions extended to November 2014
- Outcomes from the meeting of the FATF Plenary, Paris, 25-27 June 2014
- ICC guidelines on gifts and hospitality
Europe
- Publication of Directive on the European Investigation Order in criminal matters
Ukraine
- Sanctions update: EU and OFAC extends asset freeze and introduces new sanctions on energy and financial sector
- Reform of the French Criminal Code: French National Assembly adopts Government bill to strengthen the effectiveness of criminal sanctions
- Final adoption of the reform concerning review procedures for criminal convictionsImplementation of Directive nº 2012/13/EU relating to the right to information in criminal proceedings
- Circular of 22 May 2014: harsher penalties in the fight against tax fraud
- Spanish Courts make first conviction of former savings banks' executives
- GPT staff quizzed in SFO probe into alleged Saudi corruption
- Mideast execs more vulnerable to fraud - survey
- Prosecutor's General Office of Russia approves indictment against Y. Vasilieva and others
- Criminal action filed with the court on multi-million tax fraud
China, South East Asia & India
China
- Former vice chairman of the Central Military Commission ousted from Communist Party
- Former deputy governor of Hainan Province is under investigation for corruption
- Vice-chairman of the Chinese People’s Political Consultative Conference is put under investigation
- Two Shanxi officials dismissed for suspected corruption
- Greater transparency ordered in corruption cases
India
- ACB laid 500 traps this year
South Korea
- Allegations of corruption in connection with South Korea ferry
- South Korea to eradicate corruption in all areas
Indonesia
- Former Indonesian Constitutional Court judge jailed for life
Thailand
- Thailand urge five listed state enterprises to implement anti-corruption compliance standards
Philippines
- Third Philippine senator arrested in corruption case
Singapore
- Singapore Media Development Authority assistant director jailed for corruption
- Vietnam-Japan focus on Official Development Aid - JTC executives charged with bribing Vietnamese officials
- Increased scrutiny of Japanese anti-corruption measures
- Queensland's new CCC watchdog takes effect
- Austrac signs new MoU with New Zealand
- US judge approves warrant for Google user’s emails
- Reaffirmation of the attorney-client privilege in internal investigations
Key contacts
Disclaimer
Herbert Smith Freehills LLP has a Formal Law Alliance (FLA) with Singapore law firm Prolegis LLC, which provides clients with access to Singapore law advice from Prolegis. The FLA in the name of Herbert Smith Freehills Prolegis allows the two firms to deliver a complementary and seamless legal service.