EU prolongs Russian sectoral sanctions until July 2016

On 21 December, the Council of the EU announced that the EU's economic sanctions against Russia would be extended until 31 July 2016.   These measures were originally introduced for a one year period in July 2014 and were extended until 31 January 2016 in June 2015 when the EU confirmed that the duration of the … Read more

US and Chinese financial intelligence units sign memorandum of understanding to facilitate information sharing

Following high-level meetings in September which set the objective of strengthening bilateral regulatory, supervisory and law enforcement co-operation, the US Financial Crimes Enforcement Network (FinCEN) and the China Anti-Money Laundering Monitoring and Analysis Center (CAMLMAC) have entered into a Memorandum of Understanding (MOU) that will result in additional levels of co-operation between the two Financial … Read more

Germany intensifies fight against corruption abroad and at home

Germany’s recently enacted “Law for the fight against corruption” (the “New Law“[1]) has intensified the fight against corruption by broadening in multiple ways the scope of German anti-corruption legislation.  The New Law implements various legal acts of the Council of Europe and of the European Union, some of which date back as far as 1999[2]. … Read more

UK Court orders disclosure of confidential SFO and client documents: Harlequin Property (SVG) Ltd & Anor v Wilkins Kennedy

The recent case management decision in Harlequin Property (SVG) Ltd and Another v Wilkins Kennedy [2015] EWHC 3050 (TCC) considered an application by the Defendant to withhold documents from inspection on the basis of confidentiality. The documents in question fell into two categories, namely: (i) documents created in the course of an investigation into the … Read more

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 on each jurisdiction, please click on the name of the jurisdiction below. Below we provide … Read more

US Supreme Court declines to hear Newman insider trading appeal

The US Supreme Court has refused to hear an appeal in United States v. Newman and Chiasson, in which the Second Circuit overturned the convictions of two hedge fund managers on the basis that the insider tipper did not receive a sufficient personal benefit in exchange for the disclosure of material non-public information (“MNPI”).   Read more

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 on each jurisdiction, please click on the name of the jurisdiction below. Below we provide … Read more