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Results: 1-10 of 227

Market abuseinsider dealingFSA enforcement
  • Herbert Smith Freehills LLP
  • European Union, United Kingdom
  • December 5 2012

The FSA has published two final guidelines as follows: FG1220 - anti-bribery and corruption systems and controls; and FG1221 - banks' defences against financial crime


Corporate Crime Update July 2013 - United Kingdom
  • Herbert Smith Freehills LLP
  • United Kingdom
  • July 16 2013

The City of London police have announced a new police unit to be launched to tackle intellectual property crime and online piracy. The Intellectual


FSA publishes draft amendments to investment management regulations folowing AIJ scandal
  • Herbert Smith Freehills LLP
  • Japan
  • December 5 2012

Japan's FSA launched a review of existing regulation and government supervision of Japan's asset management sector, following the recent AIJ Investment Advisors Co. scandal, in which AIJ's President was indicted for fraud after it was revealed that AIJ hid pension fund losses of up to $1.4 billion over a nine-year period


Australian financial institutions accused of being complicit in PNG graft
  • Herbert Smith Freehills LLP
  • Australia, Papua New Guinea
  • December 5 2012

It is reported that Sam Koip, chairman of Papua New Guinea's corruption task force, has accused Australian financial institutions of being complicit in graft and corruption by turning a blind eye to money being redirected through Australia


Contentious issues facing financial services institutions in Asia - key themes for 2008
  • Herbert Smith Freehills LLP
  • China, Hong Kong, Japan
  • May 8 2008

Financial institutions operating in Asia are facing a growing number of contentious issues


The Regulatory Enforcement and Sanctions Bill may give FSA new enforcement powers and encourage it to use temporary cessation as a sanction
  • Herbert Smith Freehills LLP
  • United Kingdom
  • October 31 2007

In May 2007, the Cabinet Office and the Better Regulation Executive issued a consultation on a draft Regulatory Enforcement and Sanctions Bill (the “Bill”


Market abuse update
  • Herbert Smith Freehills LLP
  • United Kingdom
  • November 17 2011

Since our last update in April, there have been some significant milestones in the FSA's fight against market abuse


Court of Appeal rules that identity of employees making money laundering reports can be redacted when disclosing documents in Shah and another v HSBC Private Bank (UK) Limited 2011 EWCA Civ 1154
  • Herbert Smith Freehills LLP
  • United Kingdom
  • November 17 2011

The case concerns an interim application regarding the disclosure of documents by HSBC, in the context of proceedings brought by Mr Shah and his wife against HSBC seeking damages for breaches of duty and failure to follow his instructions to process transactions whilst the bank’s requests for consent under the Proceeds of Crime Act 2002 (POCA) were pending with the Serious Organised Crime Agency (SOCA


Shah v HSBC: High Court clarifies bank's duties to customers when making SARs
  • Herbert Smith Freehills LLP
  • United Kingdom
  • May 22 2012

The High Court has clarified the extent to which banks are required to disclose information to their customers about whom they have made money laundering disclosures or have obligations to such customers which could expose them to liability in the event that the banks' money laundering disclosures causes loss to those customers


General counsel update: 31 May 2012
  • Herbert Smith Freehills LLP
  • Argentina, China, European Union, Hong Kong, Singapore, Spain, United Kingdom
  • May 31 2012

This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas