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…
Rafael Catalá, new minister of justice of the Spanish Government declared yesterday that his plan is to get…
On 25 November 2014, the Grand Coalition agreed to introduce a new law which will force listed companies…
Senior executives are sometimes indemnified against costs and expenses incurred as a result of legal proceedings that might be brought against such employees. Indemnification of this kind provides the executives with a level of security in which they can make necessary, often difficult decisions required in their roles without fear…
On 1 October 2014, new guidelines issued by the Sentencing Council (the “Guidelines”) came into force for the…
A law requiring an upfront disclosure of beneficial ownership of companies to the Ukrainian authorities has been signed…
On 8 July 2014, the German Federal Court of Justice handed down a recently published decision which clarifies under which circumstances a German stock corporation may pay for a fine imposed on one of its directors (BGH II ZR 174/13). In 2005, the German Public Prosecutor office in Stade investigated…
Violation Means Compliance Program Was By Definition Ineffective Stark Contrast With New Draft Canadian Guidance In a pair…
In previous years, foreign-invested enterprises (“FIEs”) and their branches in China had the certainty that they would need…
For some time, a number of U.K. prosecutors, politicians, academics and others have advocated for the introduction of a specific corporate criminal offence in the U.K., for companies that fail to prevent fraud, money laundering or other economic crimes perpetrated by employees or other third parties on their behalf. David…