Welcome to the JUNE 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 a brief overview of what is covered in each update.  


  • Corporate Crime and Investigations second annual conference: Enforcement Perspectives
  • Bank of England update on Cyber-security Directive negotiation
  • Transparency International report: Empowering the UK to recover corrupt assets
  • World Bank derisking survey
  • EU extends duration of sanctions against Russia and Crimea & Sevastopol
  • EU amends sanctions against Libya and Syria


New guide to anti-corruption regulation in Asia Pacific launched HKMA emphasizes anti-money laundering requirements and warns banks Updates on the Hui Trial



  • China's former Security Chief sentenced to life in prison
  • Investigations into China's steel industry
  • Investigation into China's automobile industry
  • China investigates ex-official who oversaw clinical trials for bribery  


  • India and Indonesia sign the multilateral agreement on exchange of financial account information
  • Senior Manager of a wholly government of India owned assurance company arrested for demanding and accepting bribes  


  • US transfers proceeds of crime back to the Philippine government  


  • KPK faces further challenges
  • Bribe giver and recipient facing charges by KPK following a UK anti-bribery enforcement case  


  • Taiwan approves adoption of UN anti-corruption convention  


  • Draft bill on government procurement doubles penalties
  • Draft amendments to anti-corruption law pass first reading  

South Korea 

  • Ruling party officials are under investigation for alleged bribery
  • Ex-Navy officer jailed for taking bribes  


  • Logging company operator being investigated for offering bribes  


  • Increased signing of MOUs with the
  • ACU to fight corruption ACU's new internal disciplines on receiving gifts and invitation for meals
  • World Bank sanctions Cambodian company for bribery


  • Toshiba launches investigation into accounting irregularities
  • NGK Spark Plug co executives indicted in the US for price fixing


  • High Court rules on scope of ICAC powers


  • Newman decision continues to create uncertainty around previous insider trading convictions
  • Former banker and father charged with insider trading
  • Federal court dismisses bribery and wire fraud charges relating to alleged foreign bribery scheme
  • SEC and DOJ advise on how to ensure companies receive cooperation credit SEC criticized over enforcement decisions
  • FIFA officials among 14 defendants charged with racketeering, wire fraud and money laundering offences in relation to alleged soccer corruption scheme
  • Texas Supreme Court finds that internal investigation reports are subject to absolute privilege
  • Caesars Palace issues filing warning of anti-money laundering fines of up to $20m
  • FinCEN comments on money laundering through the purchase of real estate