16 mag 2017
Insight
Global
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 covers a number of jurisdictions summarised below. Click read more for the full article of each jursidiction.
UNITED KINGDOM/EUROPE
- 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
UNITED STATES
- 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
HONG KONG
- 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
JAPAN
- 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 Philippines
- Businessman sentenced to three years imprisonment
- Alleged corruption in warships deal investigated
AUSTRALIA
- 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
MIDDLE EAST
- 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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