India poses high risks of corruption and money laundering for financial institutions operating in the country. To evaluate these risks, the authors recommend four key general steps combined with a number of India-specific considerations. Anti-corruption efforts, they suggest, require, among other things, a comprehensive knowledge and understanding of all customers…
Why Should Financial Institutions, Hedge Funds And Private Equity Firms In The Asia Pacific Region Be Concerned About…
Baker & McKenzie has released its first global client survey on Social Media. Based on the responses from international…
The Organization for Economic Cooperation and Development (OECD) on December 2, 2014 released its first-ever analysis of anti-bribery on a global scale. 427 transnational bribery cases that occurred between February 1999 and June 2014 were reviewed. The key findings are: Almost two-thirds of cases occurred in four sectors: mining (19%);…
On 3 December 2014, Transparency International (“TI”) launched its latest Corruption Perceptions Index (“CPI”) 2014. The CPI ranks countries…
Last week we analyzed the view of US antitrust enforcers on the existence of a compliance program when…
Disclosure of environmental, human rights and social risks is moving from its home between the glossy pages of voluntary reports into the hard-nosed realm of mandatory legal requirements, as evidenced by recent developments in the European Union and India.
26 May 2014 – In April 2013 the Sexual Harassment of Women at Workplace Act (“Sexual Harassment Act”)…
21 May 2014 – On 1 January 2014, the Indian President, Pranab Mukherjee, signed a new anti-corruption legislation…