On 26 June 2017 the new German anti-money laundering act has entered into force. Besides inter alia meeting increased risk demands and the intensified financial penalties, the 4th EU AML Directive prescribes a transparency register in the foreseeable future.
A model program for corporation integrity was introduced and the national anti-corruption system for Mexico was renewed.
We are very pleased to present you the latest edition of our Global Overview of Anti-Bribery Laws Handbook, updated with detailed information about key legislative and enforcement activity in the anti-bribery and corruption sphere.
On June 5, 2017, the United States Supreme Court held that the power of the SEC to take the profit out of violations of the securities laws through the remedy of disgorgement as practiced by the SEC is limited to the five-year period immediately preceding the filing of an enforcement action by the SEC because it operates as a penalty.
There is still time to register to join us on Thursday, June 1, 2017 for the Healthcare Fraud & Enforcement Workshop at the JW Marriott Miami. The Workshop will highlight recent developments changing the legal and compliance landscape for healthcare companies.
With the aim of pursuing its objectives of fighting money laundering and granting more transparency to market operations, the Portuguese Parliament prohibited the issuance of bearer securities.
The UK High Court ruled in favour of the Serious Fraud Office, finding that certain categories of documents produced by Eurasian Natural Resources Corporation Ltd during an internal investigation were not covered by litigation privilege.
Singapore launched the Singapore Standard ISO 37001 on Anti-bribery management systems on 12 April 2017, following a public consultation.
The Municipal court in Prague ruled that criminal proceedings against a company will be terminated because the company "has used all efforts to prevent the commitment of the crime" by one of its managing employees and therefore fulfilled the conditions for its exculpation.
On behalf of Baker McKenzie, we invite you to join us on Thursday, June 1, 2017 for the Healthcare Fraud & Enforcement Workshop at the JW Marriott Miami.