Tag Archives: UK Government

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.

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Filed under Bribery and Corruption, Corporate Crime, Investigations

Iran sanctions – UK updates guidance on doing business with Iran as Implementation Day approaches

Following the announcement of the Joint Comprehensive Plan of Action ("JCPOA") in July 2015, companies have been preparing for the relaxation of sanctions that will allow them to re-enter Iran.  As Implementation Day (the point at which many sanctions will be … Continue reading

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Filed under Corporate Crime, Sanctions and Money Laundering, UK

UK printing company and executives charged with corruption

On 23 October Smith & Ouzman Limited, a UK based printing company, appeared in court on charges brought by the Serious Fraud Office (“SFO“). The charges relate to allegations of agreeing to make payments totalling nearly half a million pounds, … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, UK

SFO brings first Bribery Act charges

The Serious Fraud Office (“SFO“) had its first day in court in a Bribery Act prosecution on 24 September 2013, with three of four defendants connected with a £23m fraud at Sustainable AgroEnergy plc (“AgroEnergy“) facing charges of making and … Continue reading

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

UK: Myanmar (Burma) sanctions are lifted

As expected, the UK Government yesterday revoked the Burma/Myanmar (Financial Restrictions) Regulations 2009.  These regulations contained criminal penalties for breaches of financial sanctions.  The practical effect is that there are no more asset freezing and financial sanctions in respect of … Continue reading

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Filed under Asia, Corporate Crime, Sanctions and Money Laundering

New EU Directive: Reporting by Extractive Companies on Government Payments

The European Parliament and Council of Ministers have agreed the final form of the new EU rules for the disclosure, on a project by project basis, of payments to governments by companies operating in the extractive  industries. The EU’s agreement … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Europe, European Regulation, Regulatory Reform, Sanctions and Money Laundering, UK

UK: Interim report on independent review of the Investment Bank Special Administration Regime

Peter Bloxham has completed the first phase of his independent review of the Investment Bank Special Administration Regulations 2011 and in February 2013 presented an interim report, which HM Treasury has now published.   In addition to making a number of immediate … Continue reading

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Filed under Banking, UK, UK Legislation, Uncategorized

UK: Individual fails in large mis-selling claim concerning leveraged investments in structured notes

In a strongly worded judgment, the Commercial Court has dismissed a large mis-selling claim brought by an individual in connection with a number of investments she had made in structured notes on a leveraged basis.  The Claimant had sought damages of over … Continue reading

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Filed under UK

EU takes steps towards easing Zimbabwe sanctions

Susannah Cogman and Jeremy Sher comment on the EU’s recent easing of the Zimbabwe sanctions regime. On 19 February 2013, the European Union (“EU“) took a small step towards easing its sanctions regime in relation to Zimbabwe.  Twenty one individuals and … Continue reading

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Filed under Africa, Bribery and Corruption, Corporate Crime, EU, Europe, HM Treasury, Sanctions and Money Laundering, UK, UK Legislation, UK Regulations

SFOUpcoming Webinar “The Bribery Act: An Update”

Thursday 14 February 2013 9:30 – 10:30am UK time The Bribery Act 2010 has now been in force for over 18 months. In this round-up webinar we will look at: the revised SFO guidance and other SFO related developments; Deferred … Continue reading

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Filed under Announcements, Bribery and Corruption, Corporate Crime, Europe, Herbert Smith Freehills, UK Legislation, UK Regulations