Welcome to the May 2017 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.
- Law firm and individuals fined £80,000 for regulatory and money laundering breaches
- Criminal Finances Bill receives Royal Assent
- SFO charges four people in corruption probe
- UK launches National Cyber Security Centre
- High Court decision takes restrictive approach to both litigation legal privelege and legal advice privelege
- Stock promoter convicted in £100 million stock fraud trial
- DOJ Foreign Corrupt Practices Act Pilot Program remains indefinitely
- FCPA whisteblower wins retaliation case
- SEC continues to award whisteblowers
- Fine of £850 million for export control violations
- FinCEN fines bank for anti-money laundering violations
- Government proposals to enhance anti-money laundering and counter terrorist financing
- Court of Appeal upholds MMT finding of no insider dealing
- SFC bans former relevant individual of registered institution for life over theft
- Officials arrested for alleged bribery over Fukushima decontamination contracts
CHINA, SOUTH EAST ASIA & INDIA
China
- Former SOE executives found guilty of bribery charges
- Insurance regulator probed for suspected corruption
- Ex-judge jailed for corruption
Taiwan
- Former Deputy Mayor and chairman sentenced to ten years imprisonment
Thailand
- Former Thai governor sentenced to 50 years imprisonment
Indonesia and Phillipines
- Businessman sentenced to three years imprisonment
- Alleged corruption in warships deal investigated
- Australian Government consultation paper on proposed deferred prosecution agreement scheme
- Australian Government consultation paper on proposed amendments to foreign bribery offence
- Australian Senate Committee report on white-collar crime penalties
- Government Bill to fight fraud and corruption
- New laws on corrupt payments to unions
- Hong Kong national laundered money through Australian banks
- Former chairman fined for breach of director's duties for improper payments to Iraq
- Minister of Labour employees fined and jailed
- Telecom fraud results in £90,000 fine
- Ex-CEO sentenced to 25 year's imprisonment
- Criminal Court sentences bank officials to 3 year's imprisonment
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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.