Welcome to the March 2016 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.
- SFO closes Forex investigation
- NCA SARs Annual Report 2015
- Unauthorised financial adviser sentenced for failing to pay confiscation order
- Former equities trader pleads guilty to insider dealing
- Tom Hayes denied leave to appeal to Supreme Court and ordered to pay confiscation order of £878,806
- OECD Anti-bribery ministerial declaration
- PwC reports rise in corporate crime rate in the Middle East and Africa
- Hong Kong tycoon and former deputy leader lose appeal in Hong Kong's highest profile corruption case
CHINA, SOUTH EAST ASIA & INDIA
CHINA
- China Proposed Amendments to Its Anti-Commercial Bribery Law
- ICBC Madrid Probed for Suspected Money Laundering and Tax Fraud
- Government Launches Website to Assist Ezubao Investigation
INDIA
- Supreme Court find private bank governed by anti-corruption law
- Indian authority seeking assistance from UNCAC in its investigation against Walmart
- Cadbury maker being investigated by India for alleged tax evasion
SINGAPORE
- Former senior executive of Singapore Technologies Marine pleads guilty
TAIWAN
- Former Cabinet secretary-general sentenced for corruption in the second ruling
- VimpelCom reaches FCPA settlement over payments to Uzbek officialsOlympus settles FCPA and Anti-Kickback Statute charges
- Pfizer announces proposed settlement agreement with DOJ in relation to FCA claims over Protonix
- SEC settles FCPA charges with Qualcomm over hiring practice in ChinaSEC settles FCPA charges with Nordion and one of its employees
- District Court decision supports FCPA's inclusion of the EBRDHalliburton settles with OFAC for alleged Cuban sanctions violations
- French oil service company settles with OFAC for alleged Cuban sanctions violations
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