FSR and Corporate Crime Notes

Insider dealing has long been a permanent item on the agenda of financial regulators worldwide, including Hong Kong’s Securities and Futures Commission (SFC), primarily due to the unfair market it creates as a result of information asymmetry.
The SFC can bring criminal charges or commence civil proceedings when pursuing those involved in insider dealing. A

The UK’s Office of Financial Sanctions Implementation (“OFSI“) has recently introduced further sanctions guidance in the form of (i) new FAQs “aimed at providing technical support to industry partners and the public”; and (ii) updated guidance on enforcement and monetary penalties (the “Enforcement Guidance“).
New FAQs
OFSI has confirmed that the FAQs are designed to

The South African Legislature has amended South Africa’s corruption legislation, creating a new offence of “failing to prevent corruption”. Now, private sector and state-owned companies face potential liability for the conduct of “Associated Persons”.
The Judicial Matters Amendment Act 15 of 2023 (“JMAA“) came into operation on 3 April 2024. In an attempt to answer

The Financial Conduct Authority’s (FCA) extended consultation window closes today in respect of Consultation Paper 24/2: Our Enforcement Guide and publicising enforcement investigations – a new approach (CP24/2). We have previously posted a summary of the key areas covered by CP24/2, and an overview of our thoughts on whether the FCA’s proposals can achieve

The Serious Fraud Office (“SFO“) published its new five year strategy (2024-29) (the “Strategy“) on 18 April 2024, outlining its key objectives and focus areas. While the Strategy contains similar themes to the SFO’s previous 2022-25 strategy, such as a continued focus on technology, there is a greater emphasis on innovation and the prevention