Welcome to the October 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.
- AFDB debars UK company for fraudulent practices
- SFO Director's speech at Cambridge Symposium on Economic Crime
- SFO General Counsel speech at Cambridge Symposium on Economic Crime
- Reporting by extractive companies on government payments – Early UK implementation from 1 January 2015
- FCA removes high risk countries list
- NCA announcement on seeking consent for financial transactions
- EU expands sectoral sanctions against Russia
- Andorra's courts will provide banking information to Spanish courts only in certain circumstances
- Amendments to DIFC Regulatory Law 2004 come into force
- GlaxoSmithKline faces fresh bribery claims in Syria
- Saudi municipality workers arrested for US$ 1.7m bribery scam
- Report on World Cup bidding finalised
- Further development in landmark corruption trial in Hong Kong
- ICAC raid Jimmy Lai's house
- Solicitor and wife of former dairy firm director convicted of money laundering for mishandling funds for NZ dairy takeover
China, South East Asia and India
China
- China investigates the former Deputy General Manager of Faw-Volkswagen Automotive or suspected serious violations of the law
- China investigates top official of Yunnan Province
- China's anti-corruption investigations target CCTV
- China’s antigraft campaign expands to Shanxi Province
- Chinese GMO researcher investigated for corruption
- Retired Chinese official in charge of prices investigated for corruption
- NDRC fines Japanese auto-parts makers for price-fixing
India
- India reviews state hospitals to end widespread corruption
38,000 railway officials punished for corruption - Chief of Indian bank arrested over bribery allegations
- Indian film censor accused of soliciting bribe
Thailand
- Thailand's new Prime Minister promises to crack down on corruption
- Bangkok city council chairman charged with bribery
Indonesia
- Indonesia's Energy Minister investigated for corruption
- Indonesian female Governor jailed for corruption
- Indonesia's President named in corruption case
Cambodia
- Cambodia crackdown on corruption in the education sector
- Prime Minister of Cambodia blames private sector for corruption
- Cambodia and Thailand signed an anti-corruption cooperation deal
Vietnam
- Consultants indicted in Japan for paying bribes in Vietnam
- Vietnam trade official suspended for suspected corruption
Malaysia
- MACC solved 82% of investigation papers last year
Singapore
- Singapore shares anti-corruption experiences with Vietnam
Taiwan
- Taiwan water corp. ex-chairman charged with corruption
- Over half of Keelung's city councillors questioned in corruption case
Korea
- Three lawmakers face bribery charges
- Korea Development Bank officials probed for bribery
- US$52.1 million criminal fine imposed by the US department of justice on NGK spark plug co. Ltd for conspiracy to fix prices and rig bids
- Enhanced measures in respect of violation of Japan's unfair competition prevention act relating to official development aid
- IBAC investigation threshold to be lowered
- Calls for Federal Anti-Corruption Agency
- Highest ever SEC whistleblower bounty awarded
- The fiduciary exception to attorney-client privilege
- The meaning of "Foreign Officials" under The Foreign Corrupt Practices Act
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