Follow us

Welcome to the January 2018 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. Click read more for the full article of each jursidiction. Below we provide a brief overview of what is covered in each update.



  • Analysis of FCA fines in 2017
  • SFO outlines tell-tale signs of money laundering
  • Surge in financial sector fraud
  • JMLSG makes further changes to AML/CTF guidance 
  • Increased complexity of cybercrimes in 2017
  • FCA final notice for failure to disclose inside information under MAR
  • Hacker imprisoned for two years after international cyber attacks
  • EU Parliament and Council reach agreement on amending 4MLD
  • EU urged to create European cybersecurity model
  • Group-wide AML/CTF compliance: new obligations for firms with overseas branches and subsidiaries?

Read more




  • German Federal Court of Justice: compliance management system can lead to reduction of a fine
  • Germany investigates banks regarding dividend stripping
  • German tax authorities target Chinese online retailers
  • Deutsche Telekom calls on government to counter tech threats

Read more




  • British suspect embezzles DH 1.4 million from Dubai-based businessman
  • Duo imprisoned for attempting to sell 50 sports cars using forged documents
  • Suspects appear in court for deception and bribery in obtaining bank loans

Read more




  • Chinese company convicted of trade secrets theft
  • Trump administration continues Iran sanctions waivers, but signals desire for changes
  • DOJ reports more than two thirds of $4 billion civil fraud recoveries in 2017 are from the health sector
  • Turkish banker convicted for Iran sanctions violation
  • Court overturns $350 million judgment in FCA case

Read more




  • ICAC's figures highlight private sector focus and high conviction rate
  • Update on allegations of international bribery against former senior Hong Kong official
  • Kennedy Wong acquitted of bribery
  • HSF publishes updated guide to anti-bribery and corruption in Hong Kong

Read more






  • 2017 corruption figures published
  • Local regulators waste no time deploying China’s Anti-Unfair Competition Law
  • China's focus on pyramid schemes
  • Herbert Smith Freehills publishes updated guide to anti-bribery and corruption in China


  • Singapore to review anti-corruption and related laws

South Korea

  • President Park indicted for accepting bribes from National Intelligence Service
  • Tumultuous month for cryptocurrency in South Korea


  • Corruption crackdown escalates whilst new Penal Code expands domestic anti-corruption regime


  • Bitcoin is not a legitimate form of payment


  • AMLC assess money laundering threat as high 


  • National Accountability Bureau pushes for finalisation of 1,000 outstanding cases and crackdown on offshore companies

Read more




  • Changes in Japan's AML landscape on the horizon
  • Japan plans to introduce the right to plea bargain in June
  • Japanese supercomputer joint venture suspected of tax evasion

Read more




  • The OECD has released its fourth report on Australia's efforts to combat foreign bribery
  • Australian Government agencies release joint guidelines to assist corporations in self-reporting foreign bribery
  • AUSTRAC makes new rules on anti-money laundering and counter-terrorism financing
  • Australia's Parliament inquires into the impact of new and emerging technology on law enforcement and investigation
  • Australian Parliamentary Inquiry recommends modern slavery reporting and compliance measures

Read more

Key contacts

Susannah Cogman photo

Susannah Cogman

Partner, London

Susannah Cogman
Brian Spiro photo

Brian Spiro

Partner, London

Brian Spiro
Kate Meakin photo

Kate Meakin

Partner, London

Kate Meakin