Business Crime Quarterly Winter 2016/2017
Welcome to the latest edition of Business Crime Quarterly. With the dust now settling following Donald Trump’s inauguration as the 45th president of the U.S., businesses across the globe will be wondering what the new administration will hold in store for anti-corruption policy and enforcement. While Attorney General Jeff Sessions has vowed to continue to enforce the Foreign Corrupt Practices Act, the U.S.’s keystone anti-corruption statute, the President has called it a ”horrible law” that puts U.S. companies at a disadvantage around the world.
Other jurisdictions do not share President Trump’s concerns. In this edition of Business Crime Quarterly we report on proposals for new legislation in no fewer than five countries, including Australia and the People’s Republic of China. We outline measures to promote international standards in combatting economic crime, proposed by both the OECD and the EU. We look at the latest UK deferred prosecution agreement to be approved and consider recent prosecutions of individuals for corruption offences in the UK and Hong Kong. A series of articles from the U.S. reports on investigations and policy announcements by the Department of Justice and an important decision of the Supreme Court, which redefines the position on the need for tipper benefit in insider dealing cases, and tries to assess the direction the Administration may take going forward. So while it may be all change in Washington D.C., in many respects it is business as usual.
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