Featured China

Think local, act global? Designing multi-jurisdictional compliance programmes

Compliance professionals in many large organizations are faced with a dilemma: is it possible to maintain the clarity of a single global compliance policy while still complying with the increasingly divergent local laws?… Read More

Have Deferred Prosecution Agreements come of age?

On 17 January 2017, at Southwark Crown Court, Lord Justice Leveson approved a deferred prosecution agreement (“DPA”) between the Serious Fraud Office (“SFO”), and Rolls-Royce Plc and Rolls-Royce Energy System Inc (“Rolls-Royce”).[1] The third DPA agreed by the SFO has led some to wonder whether DPAs have finally come of… Read More
8th November 2018
AP — The Chinese government granted 18 trademarks to companies linked to President Donald Trump and his daughter Ivanka Trump over the last two months, Chinese public records show, raising concerns about conflicts of interest in the White House. In October, China’s Trademark Office granted provisional approval for 16… Read More
7th November 2018
AP — Chinese authorities have begun deploying a new surveillance tool: “gait recognition” software that uses people’s body shapes and how they walk to identify them, even when their faces are hidden from cameras. Already used by police on the streets of Beijing and Shanghai, “gait… Read More
30th October 2018
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran’s oil-dependent economy and… Read More
23rd October 2018
UBS (UBSG.S) allows all its staff to travel “freely in and out” of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials. That move by the… Read More
18th October 2018
AP — It’s now possible to check in automatically at Shanghai’s Hongqiao airport using facial recognition technology, part of an ambitious rollout of facial recognition systems in China that has raised privacy concerns as Beijing pushes to become a global leader in the field. Shanghai Hongqiao… Read More
12th October 2018
China’s central bank on Wednesday issued anti-money laundering and counter-terrorism financing regulations for online financial institutions, as part of Beijing’s efforts to rein in financial risks. The institutions must set up internal control mechanisms for combating money laundering and terrorism financing, follow “know your customer” (KYC) rules, and report large… Read More
9th October 2018
AP — Chinese authorities scrambled to contain a public relations mess over the disappearance of the former Interpol president during his trip home to China, saying Monday that he was being lawfully investigated for bribery and other crimes. But the government’s announcement did little to address… Read More
4th October 2018
AP — Chinese tax authorities have ordered “X-Men” star Fan Bingbing and companies she represents to pay taxes and penalties totaling $130 million, ending speculation over the fate of one of the country’s highest-profile entertainers three months after she disappeared from public view. Of the total… Read More
21st September 2018
The Trump administration imposed sanctions on the Chinese military on Thursday for buying fighter jets and missile systems from Russia, in breach of a sweeping U.S. sanctions law punishing Moscow for meddling in the 2016 U.S. election. In Beijing, the Chinese government expressed anger and demanded the sanctions be withdrawn. Read More
18th September 2018
Amazon.com Inc (AMZN.O) said on Monday it was investigating suspected internal leaks of confidential information by its employees for bribes to remove fake reviews and other seller scams from its website. Amazon employees are offering internal data and other classified information through intermediaries, to independent merchants selling their products on… Read More
Must Read

Key points in the draft EU-UK Brexit deal

AP — The draft divorce agreement between Britain and the European Union has two parts: a legally binding withdrawal agreement, which runs more than 580 pages, and a looser political declaration on future relations. Some key points: WITHDRAWAL AGREEMENT Transition period: Britain will leave the EU… Read More

Danske money laundering scandal is ‘tip of iceberg’, whistleblower’s lawyer says

Danske Bank’s (DANSKE.CO) 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said. Stephen Kohn, a partner at U.S. law firm Kohn, Kohn and Colapinto who is representing… Read More