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Corporate Crime update, January 2018

01 February 2018 | Global
Legal Briefings


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?

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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  • 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

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