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In this series of podcasts, our Baker McKenzie speakers explore the challenges and risks encountered by businesses amidst the constantly changing legal and regulatory landscape. We share insights around the various legal and compliance issues which will be illustrated with a factual scenario. The series will include topics relating to fraud, insurance, data privacy and adapting appropriate processes.

Episode 3: Managing communications with authorities

This episode answers key questions around communications with authorities following a fraudulent transaction. Taking into account the civil and common law jurisdictions in Asia Pacific, the speakers talk about who has the legal obligation to report an incident and which regulatory authorities should be contacted.

Speakers: Yoshiaki Muto and Celeste Ang

Episode 2: Analyzing prospects for recovery through insurance or from fraudsters

In episode 2 of our Asia Pacific Risk and Crisis Management podcast series, our speakers discuss options and key steps to take once the money has been transferred from the receiving bank’s account. We discuss key elements required for a successful recovery from fraudsters, from a civil and common law perspective. We also take a look at how we can remedy the situation through insurance.

Speakers: Georgie Farrant and Simon Hui

Episode 1: Managing communications with the bank

In this episode, our speakers outline the critical steps affected parties need to take following a fraudulent transaction. In particular, we discuss ways of effectively communicating with banks to minimize and contain risk exposures upon discovery of fraud. We explore these topics from a civil law and common law perspective.

Speakers: Celeste Ang, Simon Hui and Stephanie Magnus

Author

Celeste Ang is a principal in Baker McKenzie's Singapore office. Celeste Ang’s practice encompasses corporate litigation and arbitration, both domestic and cross-border. She also has significant experience advising clients on compliance and regulatory issues in the context of investigations, and on a wide range of employment and employment-related issues. Celeste is ranked by Chambers Asia Pacific in the areas of litigation and employment and by Chambers Global in the area of litigation. She is described as "very smart, very innovative - a good example of someone who thinks outside the box" and "very technically competent, very thorough and very responsive" by clients.

Author

Georgie Farrant is a partner in Baker McKenzie's Dispute Resolution Practice Group in Sydney and head of the Firm's Compliance & Investigations team in Australia. She has over 20 years of experience in disputes and compliance matters, including working for a regulator and an in-house compliance team.

Author

Simon Hui is a partner and leads Baker McKenzie’s Dispute Resolution Group in Shanghai. Mr. Hui is ranked among the leading lawyers for dispute resolution/regulatory and compliance in China by Chambers Asia Pacific, Chambers Global and Legal 500 Asia Pacific. He has conducted complex internal investigations for a large number of multinational companies across a range of industries. He is also a skilled investigator and has experience in dealing with PRC government authorities and regulators such as PSB, SAMR, NSB and SPP. He has been interviewed by leading business media, such as the Financial Times, for his work on assisting the SOE in the establishment of compliance system as the country pushes for its SOEs to participate in the Belt & Road Initiatives.

Author

Yoshiaki Muto is a partner in Baker McKenzie’s Tokyo, Japan office. His practice in the areas of domestic and international dispute resolution, including litigation and arbitration, corporate investigation and compliance. With respect to the industrial sector, Mr. Muto acts for clients in a wide range of businesses, including automotive, banking and finance, construction, consumer products, electric products and machineries, electronic devices, professional services, and aerospace and defense industries.