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Over the last decade, the United States has far surpassed other developed countries in the effort to investigate and punish corrupt behavior committed abroad
When a former Morgan Stanley Managing Director pled guilty recently to a criminal violation of the U.S. Foreign Corrupt Practices Act ("FCPA"), the effectiveness of the bank's pre-existing anti-corruption compliance program convinced enforcers at the U.S. Department of Justice ("DOJ") and Securities and Exchange Commission ("SEC") not to charge the bank itself
Hong Kong's financial sectors will be subject to an enhanced anti-money laundering ("AML") and counter-terrorist financing ("CTF") regime with effect from 1 April 2012
