In today’s edition of Daily Compliance News:
Tag: China
In today’s edition of Daily Compliance News:
- China company accused of shipping to Iran. (WSJ)
- Boston Scientific announces FCPA probe in Vietnam. (Medical Design and Outsourcing)
- Guatemala is now going after the press that reports on corruption. (NYT)
- BitMEX employee guilty plea in AML violations. (Reuters)
In this episode of the FCPA Compliance Report, I am joined by Keith Williamson and Henry Chambers, Managing Directors at Alvarez and Marsal. We look at the firm’s Threatscape Report. Highlights of this podcast include:
A. Threat 1-ABC Threats
- Why do you see a potential increase in anti-corruption investigations?
- In addition to the US under the FCPA, do you see other countries are actively assisting US authorities in ABC investigations?
- The new DOJ Monaco Doctrine reinstate the Yates Memo and the DOJ focus on individuals. What does this mean for ABC investigations?
- What are some of the key challenges in handling investigations in China?
- How does this increase in ABC enforcement impact M&A?
B. Threat 2-Fraud and Digital Asset Fraud Threats
- What are digit assets and digit asset fraud?
- The US has not yet released many regulations regarding cryptocurrency. What is the role of other countries in such regulation, if any?
- Why is the Ukraine war the first ‘digital asset war’?
- How have the worldwide sanctions against Russia impacted the growth and use of digit assets?
- What are the key controls and screen tools for digital assets that you advocate a company employ?
C. Threat 3-Data Privacy and Data Protection
- What is the Personal Information Protection Law and how does it relate to the Chinese State Secrets and Data Security Laws?
- How can a non-Chinese company get data out of China?
- What are some of the key components of compliance program for this new law?
- How does this new law impact investigations in China?
Resources
- Threatscape 2022 report.
- Keith Williamson, MD and Head of Disputes and Investigations in Asia.
- Henry Chambers, Senior Director, Disputes and Investigations.
In today’s edition of Daily Compliance News:
- SFO skewered in UK report. (The Law Society Gazette)
- Chinese government begins a takeover of HSBC. (WSJ)
- Twitter spy trial begins. (NYT)
- Credit Suisse agrees to pay to defraud bondholders from the Tuna Bond case. (Reuters)
Jonathan Armstrong and Tom Fox return for another episode of Life with GDPR. In this episode, we discuss British Prime Minister Boris Johnson’s recent announcement that he will be resigning as British PM when his successor is announced. Some of the highlights include:
- Reasons for the resignation.
- Candidates for the PM role going forward.
- Key compliance and related issues for the new PM going forward.
- Lessons learned from the Pincher Affair and the BoJo resignation.
Resources
For more information on the issues raised in this podcast, check out the Cordery Compliance News Section. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.
In today’s edition of Daily Compliance News:
- Compliance is complicated in the shadow of Russia. (WSJ)
- Tencent looking at big AML fine in China. (WSJ)
- Corruption and death in Brazil’s imperial city. (FT)
- Russia and managing political risk. (FCPA Blog)
After a tumultuous and historic week, Brian and Tim gather themselves to discuss the U.S. (and global) response to Russia’s invasion of Ukraine. They start by diving in to the broad, coordinated economic sanctions aimed at debilitating Russia’s financial sector and Putin’s inner circle, debate how well the new measures will work, and contemplate what could be coming next. They next turn to the significant expansion of export controls implicating Russia and discuss the likely impact. Finally, in the Lightning Round, Brian and Tim bid farewell to DOJ’s China Initiative and read between the lines to decipher DOJ’s ongoing priorities.
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EMBARGOED! is not intended and cannot be relied on as legal advice; the content only reflects the thoughts and opinions of its hosts.
***Stay sanctions free.***
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week, Matt and Tom take a somewhat somber view on the Russia invasion of Ukraine. Some of the issues we consider:
- Discussion of sanctions.
- What do sanctions mean for US, UK and EU countries?
- How companies should think about doing business in Russia going forward.
- What about energy production and consumption?
- US company employees in Ukraine and Russia.
- The role of China in a potential resolution.
Resources
Tom in the FCPA Compliance and Ethics Blog
Matt in Radical Compliance