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Monthly China Anti-Bribery Update Report — March 2016

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) It was reported on March 4, 2016 that Haikou Intermediate People’s Court had affirmed the sentence of Liao Yongyu (“Liao”), the former Office … Continue Reading

Monthly China Anti-Bribery Update Report – February 2016

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) On February 17, 2016, Zhou Peifang (“Zhou”), the former Director of Beijing Haidian District Municipal Garden Service Center and Haidian District Municipal Commission … Continue Reading

Monthly China Anti-Bribery Update Report — January 2016

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: (1) On January 1, 2016, the Guidelines of Integrity and Self-discipline of the Communist Party of China and the Regulations of the Disciplinary Sanctions of the Communist Party of China (the “Regulations”) promulgated by Central Committee … Continue Reading

Monthly China Anti-Bribery Update Report — December 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) On December 3, 2015, Sheng Peiping (“Shen”), the former Deputy Governor of Yunnan Province, was sentenced to 12 years’ imprisonment by the Beijing … Continue Reading

Monthly China Anti-Bribery Update Report — November 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) On November 3, 2015, Li Chongxi (“Li”), the former Chairman of Sichuan Provincial Committee of Chinese People’s Political Consultative Conference (“CPPCC”), was sentenced … Continue Reading

Monthly China Anti-Bribery Update Report — October 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) It was reported on October 6, 2015 that Wang Xizhong (“Wang”), the former Deputy General Secretary of the People’s Government of Luoyang City, … Continue Reading

Monthly China Anti-Bribery Update Report — September 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) It was reported on September 2, 2015 that Li Zhen (“Li”), the former Chairman and General Manager of Anhui Kangyuan Electric Group Co., … Continue Reading

Monthly China Anti-Bribery Update Report — August 2015

1. New laws or regulations State level: (1) On August 29, 2015, the Ninth Amendment to PRC Criminal Law (the “Ninth Amendment”) was officially promulgated by National People’s Congress Standing Committee. The changes will become effective as of November 1, 2015. The Ninth Amendment proposes several updates, revisions, and addition to the current PRC Criminal … Continue Reading

Monthly China Anti-Bribery Update Report — June 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) It was reported on June 5, 2015 that Li Jiezhi (“Li”), the former Deputy General Manager of Anhui Highway Holding Group Co., Ltd. … Continue Reading

FOURTH EUROPEAN ANTI-MONEY LAUNDERING DIRECTIVE LAUNCHES UBO-REGISTER

Written by Anthony Van der Hauwaert (Partner) and Thibault Viaene (Associate), Squire Patton Boggs, Brussels. On 20 May 2015, the European Parliament increased the hunt for tax evaders, money launderers and terror financiers by adopting the fourth instalment of the Anti-Money Laundering Directive (“AMLD”). The main novelty of the new directive is the introduction of a … Continue Reading

Monthly China Anti-Bribery Update Report — May 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) It was reported on May 5, 2015 that Zhu Yifang (“Zhu”), the former Deputy Party Secretary of the Pingdingshan Municipal Political Consultation Conference … Continue Reading

Monthly China Anti-Bribery Update Report — April 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: (1) On April 27, 2015, the General Office of the Communist Party of China (“CPC”) promulgated the Nomination and Inspection Rules of Secretary and Deputy Secretary of Discipline Inspection Commission at Provincial (Autonomous Regions or Municipalities) … Continue Reading

Monthly China Anti-Bribery Update Report — March 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) It was reported on March 2, 2015 that Fu Chunrong (“Fu”), the former Party Secretary of Huichang County, Jiangxi Province, had been sentenced … Continue Reading

Monthly China Anti-Bribery Update Report — February 2015

1. New laws or regulations State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments. 2. Upcoming laws or regulations No developments. 3. Government Action (1) On February 6, 2015, Ma Yingkui (“Ma”), the former Deputy Chief of the Standing Committee of People’s Congress of Heping District, Shenyang City, … Continue Reading

New Guidance published in the UK on Countering Small Bribes in Business

Transparency International UK (“TIUK”), the UK Chapter of the world’s leading non-governmental anti-corruption organisation, has recently published guidance (the “Guidance”) advising businesses on good practice in countering small bribes, including facilitation payments or ‘grease payments’, and also payments made to induce improper action, including cash or vouchers and benefits in-kind, such as tickets for a … Continue Reading

Monthly China Anti-Bribery Update Report — June 2014

1. New law or regulation State level: No developments. Local level (Beijing & Shanghai): No developments. Communist Party Rules: No developments.   2. Upcoming law or regulation No developments.   3. Government Action (1) The official website of the Central Commission for Discipline Inspection (“CCDI”) of the Communist Party of China (“CPC”) and the Ministry … Continue Reading

Monthly China Anti-Bribery Update Report — April 2014

1. New law or regulation State level: No developments. Local level (Beijing & Shanghai): (1) It was reported on April 27, 2014 that the Shanghai government recently issued the Provisions on Strengthening the Supervision of Vertical Concurrent Position of the Leaders in State Owned Enterprises Directly Managed by Shanghai People’s Government (“Provisions”), which restrict the … Continue Reading

SEC Adopts Final Rules Providing for Cash Award Payments to Whistleblowers

On May 25, 2011, the Securities and Exchange Commission (SEC) adopted final rules implementing the controversial “whistleblower” provisions of the Dodd-Frank Act, which provide for the payment of monetary awards to individuals who report possible violations of the federal securities laws to the SEC.  Under Section 922 of the Dodd-Frank Act, if a whistleblower provides … Continue Reading
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