Money laundering represents one of the key challenges in the fight against serious crime, especially considering its stealth nature as well as its cross-border dimension. There is an underlying link between money laundering and other crimes, such as corruption offences, human trafficking, drug trafficking or the financing of terrorism. One of the most significant and …
‘One reason I’m doing this interview is so I can send it to my parents. They’re really important to me. Ah, suddenly, the hard-woman persona crumbles,’ jokes Heather Mitchell, global general counsel (GC) for investments and head of EMEA at The Carlyle Group.
Quotes: ‘Money laundering is for drug dealers and terrorists. We do not have any exposure’; ‘We have never checked against AML lists. Competitors don’t do it. Why would we?’; ‘Lawyers just don’t understand business. That’s just scare tactics’; ‘Yeah, we do have compliance. They don’t generate any revenue’; ‘We here in compliance can preach. But …
The In-House Lawyer (IHL): Eighteen months in the group general counsel role, what have been some of the key projects you’ve been doing since you landed? The wider business has been through a lot of transformation, how is legal keeping up? Sabine Chalmers (SC), group GC, BT: When I joined Gavin Patterson was my boss. …
‘Breach of trust’, an equivalent to ‘Untreue’, ‘abus de confiance‘ or ‘abuse of position’, is a typical white-collar crime in Greece and the main source of criminal liability risk for the boards of directors (BoDs), CEOs and other officers holding a position of trust within a corporation. Hence, the recent amendments to the actus reus …
Matthew Scully, Clifford Chance: There are two things that I wanted to touch on: first, whether there is such a thing as a good culture – I would say there is no one good corporate culture for all businesses but there are perhaps some basic common features – and, second, the notion of ‘tone from …
Throughout 2019, the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) continued to actively investigate and prosecute individuals and corporations under the Foreign Corrupt Practices Act (FCPA) for suspected involvement with political corruption and/or bribery around the world. The US implemented further aggressive measures to fight corruption, including economic sanctions administered …
Alex Novarese, The In-House Lawyer: It has been a record period for Asian activity into Europe. How do you see the general trends? Abhijit Mukhopadhyay, Hinduja Group: China is an issue, because the main difference between the Asian companies, European companies and Chinese companies is that Chinese companies are directly or indirectly state-owned. The second …
In France, the fight against the great scourges that are corruption, misappropriation of public funds and more generally white-collar crime has led to the emergence of non-governmental organisations (NGOs), constituted in the form of associations, who play the role of public accusers, a role traditionally held by the state prosecutor but without being subject to …
There is a long-established truism among white-collar crime lawyers that when a country goes into a recession, financial crime rises to the surface. And with various reports suggesting Brexit uncertainty and low business confidence could tip the UK economy into a downturn, those specialists are predicting more work will hit desks soon.
Following up on our previous article regarding internal investigations in Italy, issues that arise when the internal investigation concerns a white-collar crime are also worth addressing. When there is knowledge (or suspicion) that a crime has been committed within a company and a criminal proceeding is pending (or may be brought), internal investigations become particularly …
‘We’ve disrupted the market – everybody knows about us now,’ says Quinn Emanuel Urquhart & Sullivan London co-managing partner Ted Greeno of the US law firm’s inexorable rise in the City.
