Tag Archives: Money Laundering

Corporate Crime Monthly Update September 2016

Welcome to the September 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 … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Europe, Investigations, JURISDICTIONS, Non-UK regulation, Regulatory Reform, Sanctions and Money Laundering

Singapore: MAS withdraws approval from Singapore branch of an international bank for serious AML and conduct breaches

The Monetary Authority of Singapore (MAS) announced this week that it has withdrawn approval from the Singapore branch of an international bank due to serious breaches of anti-money laundering (AML) requirements, poor management oversight, and gross misconduct by certain bank staff. … Continue reading

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Filed under Asia, Banking, Singapore

The UK’s risk-based approach to the “Politically Exposed Persons” regime – section 30 of the Bank of England and Financial Services Act 2016

The Bank of England and Financial Services Act 2016 (the "Act") paves the way for a more risk-based approach to the Politically Exposed Persons ("PEPs") regime in the UK, in response to what the House of Lords has identified as … Continue reading

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Filed under Bank of England, FCA, Sanctions and Money Laundering, UK Regulations

David Cameron announces potential new corporate offences of “failure to prevent” economic crime

Writing in the Guardian ahead of the anti-corruption summit of world leaders on 12 May, David Cameron announced the government's intention to create new corporate offences as part of the fight against corruption, stating that "… in addition to prosecuting … Continue reading

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

Corporate Crime Monthly Update May 2016

Welcome to the May 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 … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Investigations

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

Corporate Crime Monthly Update September 2015

Welcome to the September 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, Australia, Bribery and Corruption, China, Corporate Crime, EU, Europe, France, Hong Kong, India, Indonesia, Japan, JURISDICTIONS, Korea, Pakistan, Thailand, US, Vietnam

People’s Bank of China Enters into Anti-Money Laundering Cooperation Arrangement with Macau’s Monetary Authority

In what will undoubtedly be seen as another step in Beijing’s effort in the battle against corruption and the proceeds of corrupt transactions, the Chinese central bank has entered into a cooperation agreement with Macau’s Monetary Authority that will result … Continue reading

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Filed under Asia, China, Sanctions and Money Laundering

FIFA racketeering indictment could cause concern for banks

The US Department of Justice’s FIFA indictment may require certain banks to review any of their FIFA-related transactions, as well as test their compliance policies and procedures relating to compliance with know-your-customer and anti-money laundering laws.  The indictment says the facilities of 26 … Continue reading

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Filed under Americas, Banking, Bribery and Corruption, Corporate Crime, JURISDICTIONS, UK, US

U.S. DOJ’s FIFA indictment could lead to serious consequences for FIFA and its commercial counterparties

The U.S. Department of Justice (“DOJ”) indictment of various individuals and companies relating to FIFA has made front-page news around the world.  Our team in New York consider the effect that the indictment may have on the organization of FIFA … Continue reading

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