Tag Archives: China

Corporate Crime update – January 2018

Welcome to the January 2018 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 … Continue reading

Leave a Comment

Filed under Bribery and Corruption, Client Money, Corporate Crime, Herbert Smith Freehills, Investigations, Sector Updates by Herbert Smith Freehills

LOCAL REGULATORS WASTE NO TIME DEPLOYING CHINA’S ANTI-UNFAIR COMPETITION LAW

China’s amended Anti-Unfair Corruption Law (AUCL) has been in force only a matter of weeks, yet the body charged with investigating potential AUCL violations, the State Administration for Industry and Commerce (SAIC), has already announced two investigations. China’s Nanjing and … Continue reading

Leave a Comment

Filed under Announcements, Bribery and Corruption, China, Hong Kong, Sector Updates by Herbert Smith Freehills

CHINA’S AMENDED ANTI-UNFAIR COMPETITION LAW – WHAT THE BRIBERY PROVISIONS MEAN FOR COMPANIES DOING BUSINESS IN CHINA

China’s amended Anti-Unfair Competition Law (amended AUCL) comes into force on 1 January 2018. Much has been written about the various iterative drafts released over the 18-month consultation period. But the final amended AUCL omits some of the more radical … Continue reading

Leave a Comment

Filed under Announcements, Bribery and Corruption, China, Sector Updates by Herbert Smith Freehills

CHINA TO INCREASE FOCUS ON COMBATTING FINANCIAL CRIME

Last month the Communist Party of China held its 19th National Congress. One of the key themes that came out of the Congress was the desire to increase the focus on combatting financial crime and systemic financial risk. This increased … Continue reading

Leave a Comment

Filed under Announcements, China, Regulatory Reform

Regulators around the world become more vocal regarding the potential risks associated with ICOs

The rapid rise of initial coin offerings (ICOs) this year has prompted heightened scrutiny by regulators globally. On 4 September 2017, seven major regulators governing the finance and technology sectors in China (collectively, the Chinese Regulators), jointly published an announcement … Continue reading

Leave a Comment

Filed under Announcements, Asia, Regulatory Reform

Corporate Crime Monthly Update – June 2017

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.

Leave a Comment

Filed under Bribery and Corruption, Corporate Crime, Investigations, Sanctions and Money Laundering

China’s Draft Data Localisation Measures: what you should watch out for

The Cyberspace Administration of China (CAC) has published its Measures for the Security Assessment for Personal Information and Important Data Exported Abroad (Draft for Comments) (Draft Measures) on 11 April 2017. The Draft Measures, if enacted, will become the first … Continue reading

Leave a Comment

Filed under Asia, China, Corporate Crime

Corporate Crime Monthly Update – May 2017

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.

Leave a Comment

Filed under Bribery and Corruption, Corporate Crime, Investigations

Judicial Interpretation provides guidance on China’s bribery offences

  The Supreme People’s Court and the Supreme People’s Procuratorate in China recently issued a binding judicial interpretation on China’s Criminal Law bribery offences (Interpretation).

Leave a Comment

Filed under Asia, Bribery and Corruption