December 2013 Corporate Crime update

Welcome to the December 2013 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. ... Read more

Some information seasonally “freed” by the FCA

The FCA has published responses to a variety of Freedom of Information requests, ranging from the value of its art collection and data on high earners by gender to the number of calls it received about rare earth metals and… Read more

ASIC releases another report on retail structured products

ASIC has released Report 377 "Review of advice on retail structured products", which reports in relation to a sample of personal advice given to retail clients in relation to structured products.  This report was foreshadowed in and follows ASIC’s May 2013… Read more

Transparency International publishes CPI 2013

Transparency International (TI) has published the Corruption Perceptions Index 2013 (CPI). The CPI, originally launched in 1995, ranks countries according to how corrupt their public sector is perceived to be. The index is compiled using a combination of polls drawing… Read more

November 2013 Corporate Crime Update

The November 2013 edition of our Corporate Crime Update covers developments in relation to corruption, money laundering, fraud, sanctions and related matters across a number of jurisdictions.  For the full update on each jurisdiction, please click on the name of… Read more

Court of Appeal allows LIBOR claims to proceed

The Court of Appeal has allowed parties to two claims against LIBOR panel banks to amend their pleadings to include allegations that the banks made implied representations relating to the accuracy of LIBOR. In doing so, the Court held that… Read more

French AMF imposes record insider dealing fine

Last Thursday, the French AMF imposed a record €14m fine on trader Joseph Raad for engaging in market abuse, alleging that he used non-public information sourced from a cousin to make €6.2m in 2008 by trading in the shares and… Read more

October 2013 Corporate Crime Update

The October 2013 edition of our Corporate Crime Update covers developments in relation to corruption, money laundering, fraud, sanctions and related matters across a number of jurisdictions.  For the full update on each jurisdiction, please click on the name of… Read more

Bonus cap: PRA and FCA announce details of UK implementation

The Prudential Regulation Authority and the Financial Conduct Authority have each announced their proposed approach to the UK implementation of the cap on variable remuneration, being introduced by the amended capital requirements directive (CRD IV).  The consultation documents give much… Read more

UK action plan on business and human rights

The UK Government has launched an action plan for implementing the UN Guiding Principles on Business and Human Rights. The Action Plan sets out clearly the Government's expectation that all UK businesses should respect internationally recognised human rights wherever they… Read more

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… Read more

September 2013 Corporate Crime Update

The September 2013 edition of our Corporate Crime Update covers developments in relation to corruption, money laundering, fraud, sanctions and related matters across a number of jurisdictions.  For the full update on each jurisdiction, please click on the name of the… Read more

Iraq pipeline: Iranian gas and sanctions issues

It was reported last month that Iraq had signed an agreement to import natural gas from Iran for power generation. This briefing considers the potential sanctions issues which may arise for companies involved with Iraqi power plants supplied by this… Read more