July 2014

As if to answer its critics, the UK’s SFO has announced developments in no fewer than three major investigations this month, including the commencement of proceedings against an Alstom subsidiary, arrests in the Airbus case and a new investigation into the Sweett Group.

A UK Supreme Court ruling has clarified that bribes received by an agent will be treated as being held on trust for its principal. Regulators in both the UK and Hong Kong have been looking at the ability of financial institutions in their jurisdictions to counter the risks of money laundering and other financial crime.

The different approaches taken by the US and other states to sanctions enforcement in Iran and Russia is notable, particularly as one country suspending sanctions over Iran is Russia itself.

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