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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Karen Anderson
Consultant, London
Susannah Cogman
Partner, London
Elizabeth Head
Of Counsel, London
Clive Cunningham
Consultant, London
Marina Reason
Partner, London
Kelesi Blundell
Partner, London
Hywel Jenkins
Partner, London
Chris Ninan
Partner, London
Jon Ford
Partner, London
Simone Hui
Of Counsel, Hong Kong
Chee Hian Kwah
Director, Prolegis LLC, Singapore
Valerie Tao
Knowledge Lawyer, Hong Kong
Cat Dankos
Senior Regulatory Consultant, London
Disclaimer
Herbert Smith Freehills Kramer LLP and Prolegis LLC have established a Formal Law Alliance licensed by the Legal Services Regulatory Authority of Singapore known as Herbert Smith Freehills Kramer Prolegis Alliance, with Singapore law advice provided by Prolegis LLC. The two firms cooperate closely in Singapore to deliver a complementary and seamless legal service.