Corporate Crime update – Spring 2020

Welcome to the Spring 2020 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Read more

No “directing mind and will” found in SFO prosecution of Barclays

Two courts have dismissed charges against Barclays plc and Barclays Bank plc (together Barclays) relating to events flowing from the 2008 global financial crisis.  They found that senior executives, including the CEO and CFO, did not represent the required “directing mind and will” of Barclays in the circumstances. Read more

Malaysia: Section 17A of the MACC Act: TRUST-ed Adequate Procedures for your corporation

As discussed in our previous bulletin, Malaysia is anticipating the new corporate liability provision, i.e. Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act”) to take effect on 1 June 2020. The new corporate offence under Section 17A of the MACC Act is applicable to the broadly defined “commercial organisation”, which not only includes Malaysia incorporated companies but also commercial organisations incorporated outside Malaysia that carry on business or any part of a business in Malaysia. Hence, companies with headquarters and offices  overseas may potentially be caught by Section 17A should there be any part of its business operating in Malaysia. Read more

Corporate Crime update – Winter 2020

Welcome to the Winter 2020 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. Read more

SFO Internal Guidance on Evaluating a Compliance Programme

On 17 January 2020 the UK Serious Fraud Office (“SFO“) updated its Operational Handbook to include a new chapter on evaluating a compliance programme (the "New Chapter"). The New Chapter considers the relevance of compliance programmes for SFO cases and how the SFO will investigate the effectiveness of a compliance programme. The SFO's Operational Handbook is for internal SFO guidance, does not constitute official guidance to third parties and is published in the interests of transparency. However, it can be instructive in revealing the SFO’s approach to certain matters. In this briefing we provide an overview of the New Chapter. Read more

Corporate Crime update – December 2019

Welcome to the December 2019 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Read more

Corporate Crime update – Autumn 2019

Welcome to the Autumn 2019 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. This bumper edition covers a number of jurisdictions, and includes content from the summer break. Read more

Indonesia’s KPK ramps up Rolls-Royce investigation with key arrests and charges

Indonesia’s Corruption Eradication Commission (KPK) has charged Emirsyah Satar, the former head of state airline, Garuda, with money laundering and ordered his detention for 20 days. Emir Satar has been caught up in the KPK’s two year investigation, a spin-off of the SFO’s major investigation into Rolls-Royce. The SFO and Singapore’s Corrupt Practices Investigation Bureau … Read more