1 December 2020
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Welcome to the November 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. For the full update on each jurisdiction, please click on the name of the jurisdiction below. Below we provide a brief overview of what is covered in each update. |
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HSF launches new Sanctions blog |
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Herbert Smith Freehills' US Sanctions team has recently launched a new Sanctions blog. The blog provides commentary on economic sanctions and export control issues, with a focus on US laws, and will be of particular interest to in-house counsel and compliance personnel in both US and non-US companies. We will also continue to post sanctions content on 'FSR and Corporate Crime Notes' for our current blog readers. |
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Hong Kong
· Director and clerk charged with defrauding four banks · Largest money laundering case uncovered · Investigations into the surge in share price of Next Digital |
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China · Chinese real estate tycoon jailed for 18 years |
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Malaysia · Former Cabinet minister’s senior private secretary charged with accepting and soliciting bribes · Two Sabah company owners arrested for falsifying information to obtain supply contracts Indonesia · Former sports minister sentenced to seven years for a bribery case Philippines · Central Bank to review anti-money laundering compliance of banks Thailand · NACC and Democrat Party to look into alleged bribes Singapore · Capital markets services licence of Apical Asset Management revoked Vietnam · Chairman of the People’s Committee of Hanoi arrested |
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· New proposed provisions to deal with money laundering in trust agreements |
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· Corporate Criminal Responsibility Inquiry Final Report released · ASIC enforcement update for January to July 2020 · Modern Slavery Developments at the Commonwealth level · Modern slavery developments at NSW level · The Australian Combatting Corporate Crime Bill: What does it mean for companies? |
For further information, please contact:
Peter Godwin, Partner, Herbert Smith Freehills
peter.godwin@hsf.com
