February 2022 Issue
Q&A: Tackling financial crime in Latin America
FW discusses ways to tackle financial crime in Latin America with Fernando Peyretti at BDO, José Ignacio Hernández at Harvard Kennedy School and Andrés O’Farrell at Marval O’Farrell Mairal.
Global anti-money laundering – are you ready for a perfect regulatory storm?
Norton Rose Fulbright Like death and taxes, money laundering will always be with us. Over the years financial institutions (FIs) have worked very hard at trying to keep one step ahead of criminal organisations that have targeted them to launder the proceeds of their activities. Some FIs have developed…
Money laundering trends in the US
Miller & Chevalier Over the past year, US regulators have been particularly active in the development of anti-money laundering (AML) regulations and priorities. Given the flurry of regulatory activity, combatting illicit finance is, and will continue to be, a top priority for the Biden administration…
Recent developments underscore importance of KYC and related due diligence
Osler, Hoskin & Harcourt LLP In an increasingly fast-paced, highly competitive business environment involving internationally interconnected supply chains and buoyed by ever-changing technology, business relationships rise and fall at a breakneck pace. Fostering and enhancing such relationships is crucial to success…
COVID-19: detecting fraudulent schemes perpetrated by employees
Bennett Jones Recent media coverage has focused on the effect of coronavirus (COVID-19) on the emergence of cyber-related frauds, including social engineering and phishing schemes. Employers would also be wise to address the risk of employee fraud. COVID-19 continues to have a significant impact…
Asset recovery in Germany for international corporations
Rosinus Partner In recent years, the number of multinational fraud cases has increased significantly. Companies often find themselves damaged by complex international fraud schemes in which the perpetrators reside in a different country and assets are moved around internationally. If there are…
Worldwide settlement of international corporate corruption offences
Cohen & Gresser LLP To draw a line in the sand, to move on, to turn over a new leaf, to make a clean slate of it – it is human nature to give a second chance to those who see and own up to the error of their old ways. Any multinational company in the crosshairs of a corruption scandal should aim to find…
New US law enforcement leadership means business on corporate crime
King & Spalding LLP It has been widely expected among white-collar lawyers that under president Biden, the US Department of Justice (DOJ) would take steps to prioritise corporate criminal enforcement. At the end of October 2021, Lisa Monaco, deputy attorney general, laid out three key policy shifts…
Kangs Solicitors Civil fraud incorporates a variety of civil torts and applies to businesses and individuals. A tort is a civil wrong which causes loss or harm to a person who is entitled to seek redress against the person responsible for the tortious act. By way of example, tortious acts, in the civil fraud sense…
Reflections on the first year of ASIC’s immunity policy for market misconduct
Gilbert + Tobin In February 2021, the Australian Securities and Investments Commission (ASIC) published its immunity policy for individuals who may have committed, with at least one other person, market misconduct or other conduct prohibited by Part 7.10 of the Corporations Act 2001 – a policy…
Q&A: Anti-money laundering challenges in Asia-Pacific
FW discusses anti-money laundering challenges in Asia-Pacific with Marie Gervacio, Michael Peters and Andrew Pimlott at Ankura.
CONTRIBUTORS
Ankura
BDO
Bennett Jones
Cohen & Gresser LLP
Gilbert + Tobin
Harvard Kennedy School
Kangs Solicitors
King & Spalding LLP
Marval O’Farrell Mairal
Miller & Chevalier
Norton Rose Fulbright
Osler, Hoskin & Harcourt LLP
Rosinus Partner