Americas

US OFAC issues guidance on sanctions compliance services

New guidance issued by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) clarifies that U.S. attorneys, compliance personnel, and others are not prohibited from providing services related to compliance with U.S. sanctions laws, even where sanctions would otherwise … Continue reading

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Filed under Americas, Corporate Crime, Sanctions and Money Laundering, US

US further eases sanctions against Cuba

On 14 October 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) again announced significant amendments to the Cuban Assets Control Regulations (CACR) and … Continue reading

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Filed under Americas, Cuba, Sanctions and Money Laundering, US

Market abuse update – July 2016

The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive came into application in Europe on 3 July 2016.  Various outstanding pieces of secondary legislation were published in the Official Journal shortly before then, and further material has … Continue reading

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Filed under Americas, Asia, Australia, Europe, European Regulation, France, Hong Kong, Uncategorized, US

Market abuse update – April 2016

This will be our last quarterly Market Abuse update before 3 July 2016, the date when both the new Market Abuse Regulation and the Criminal Sanctions (Market Abuse) Directive come into application across Europe. Some significant pieces of the regulatory … Continue reading

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Filed under Americas, Asset management, Australia, Banking, Estonia, EU, Europe, European Regulation, France, Germany, Insurance, Investment banking, Investment Funds, Italy, Liechtenstein, Spain, Ukraine, Uncategorized, US

DOJ announces new FCPA pilot program to promote self-reporting

On April 5, 2016, the DOJ announced that it is launching a one-year pilot program for FCPA enforcement as a step to continue its effort to target FCPA violations. The program aims to motivate companies to voluntarily disclose FCPA-related misconduct … Continue reading

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Filed under Americas, Bribery and Corruption, Corporate Crime, US

OFAC issues regulations implementing new sanctions targeting Hizballah

On 15 April 2016, the US Department of the Treasury’s Office of Foreign Assets Control ("OFAC") issued regulations to implement the Hizballah International Financing Prevention Act of 2015, authorizing secondary sanctions against foreign financial institutions ("FFIs") that facilitate or conduct … Continue reading

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Filed under Americas, Corporate Crime, Sanctions and Money Laundering, US

Corporate Crime Monthly Update March 2016

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 … Continue reading

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Filed under Americas, Corporate Crime, EU, Europe, Sanctions and Money Laundering, UK

Navigating the Regulators’ Increased Focus on Individual Liability – A Global Perspective

Regulators throughout the world are increasingly focused on holding individual corporate executives accountable for corporate wrongdoing. Recent pronouncements by the U.S. Department of Justice, legislation in the United Kingdom imposing liability on senior managers, and detentions of senior executives in … Continue reading

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Filed under Americas, Corporate Crime, Uncategorized

The EU Securities Financing Transactions Regulation

The Securities Financing Transactions Regulation (SFTR) entered into force on 12 January 2016.  The SFTR has a broad scope with extraterritorial and retrospective reach, and impacts on both EU and non-EU financial and non-financial counterparties.  All firms involved in securities … Continue reading

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Filed under Americas, Asia, Australia, Banking, Europe, European Regulation, Funds

Corporate Crime Monthly Update October 2015

Welcome to the October 2015 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 … Continue reading

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Filed under Americas, Asia, Bribery and Corruption, China, Corporate Crime, Dubai, EU, France, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Sanctions and Money Laundering, Singapore, Spain, UAE, US