Welcome to the June 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.
- FCA endorses NCSC guidance on recent ransomware attack
- FCA secures eight confiscation orders
- FCA announces proposed new AML role
- Conservative manifesto proposes abolition of the SFO
- UK Government announces consultation on post-Brexit sanctions framework
- Former Guinean Minister of mines convicted for receiving and laundering bribes
- Former executives of Singaporean defence contractor plead guilty in Navy corruption scandal
- DOJ sues Fiat Chrysler for 'defeat devices'
- Target settles with multiple states for data breach
- Johnson & Johnson reaches nationwide settlement for quality issues
- Banamex USA agrees to $97 million for Bank Secrecy Act violations
- US administration extends Iranian sanctions waivers but emphasises missile issues
- Former compliance officer of MoneyGram settles anti-money laundering case
- Lawyer's work products of internal investigations exempt from confiscation?
- Fraud in the Gulf region six percent higher than global average
- Employees accused of fraud and forgery
- Money exchange house shut down due to irregularities
- Private sector bribery strictly enforced
- Focus on AML/CTF by Hong Kong's financial regulators
CHINA, SOUTH EAST ASIA & INDIA
China
- Former Shanghai free trade zone chief sentenced to 17 years' imprisonment
- New rules to confirm regulators' ban
- Multiple former senior Chinese officials jailed for corruption
South Korea
- Former South Korea president Park Geun-hye on trial for corruption charges
- South Korea fines Novartis and suspends insurance coverage on Novartis drugs
- Compulsory vehicle recall following whistleblower reporting
Singapore
- Executives plead guilty in Navy scandal
Indonesia
- Businessmen convicted for offering bribes
Malaysia
- Malaysia announces anti-corruption movement
- MACC arrests TNB manager in corruption case
Vietnam
- Report highlights bribery as a continued problem
- Introduction of Japan's first plea bargaining system
- Bitcoin falls under money laundering and know-your-customer rules
- Shoko Chukin Bank sanctioned for fraudulent financing
- Bankrupt travel agency admits to overstating profits
- Australian Federal Police foreign bribery investigations rise to 37
- Australia hosts international taskforce annual meeting on tackling foreign bribery and corruption
- Additional funding announced for the Australian Federal Police to target corporate crime
- Australia and Papua New Guinea sign MoU against financial crime and terrorism financing
- ATO Deputy Commissioner involved in tax fraud charges
- Court dismisses insider trading case against banker
- AUSTRAC releases money laundering and terrorism financing risk assessment report
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