Welcome to the October 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.
- Publication of the Criminal Finances Bill 2016-17
- Law Commission calls for reform of offence of Misconduct in Public Office
- FCA fines a bank and former money laundering reporting officer for AML failures
- SFO speech on DPAs
- David Green QC gives evidence at a Justice Committee evidence session on the work of the SFO
- MLD V – ECB opinion and updated procedure file
- German company Leoni victim of CEO fraud
- Former Emirati official arrested in Saudi Arabia over alleged fraud
- New bankruptcy laws in the United Arab Emirates
- Investor embezzled more than DH8.4million from Dubai Economic Department
- Securities and Futures Commission warns industry of anti-money laundering concerns
- Gift-wrapping bribery: law enforcement agencies focus on corporate perks in Asia Pacific
CHINA, SOUTH EAST ASIA & INDIA
China
- Collection of electronic data by Chinese criminal authorities set to increase
Taiwan
- Mega International under investigations in Taiwan
Cambodia
- Cambodia and China sign memorandum of understanding on anti-money laundering
- Small and Medium Enterprises (SMEs) establish partnership with Transparency International
Thailand
- Thailand opens its first dedicated corruption court
- New Know-Your-Customer (KYC) Process for accepting deposits from the public
India
- Multinational IT service provider investigates potential corruption probe
Pakistan
- SAARC organizes first anti-corruption forum
Malaysia
- MACC probes kickbacks for bank loans
South Korea
- South Gyeongsang Governor sentenced to prison for bribery
- New Anti-graft Law to affect more than 40,000 organizations
- Former executives of national swimming body get jail terms for corruption
Singapore
- Former IT Director of Schenker charged with graft
- Singapore Court Approves Extradition of Two in US Navy Bribery Case
Indonesia
- High-ranking Official Arrested on Graft Allegation
- Continued falsification of fuel economy data by Mitsubishi Motors
- AFP establishes Anti-Corruption Team in Perth
- AFP and CDPP release exposure draft of self-reporting protocol
- Re-establishment of Senate Inquiry into corporate corruption
- NSW Government proposes restructure of ICAC
- Western Australia’s Corruption Commission cannot prosecute
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