Welcome to Allen & Overy’s Investigations Insight blog, sharing with you our views and insights into the latest trends, risks and developments in business crime and financial services investigations
30 March 2020 - Post by:
Federal regulators in the United States are moving quickly to respond to the Covid-19 coronavirus. As part of its Covid-19 coronavirus relief measures, the SEC now permits companies to apply for 45-day filing extensions In recent weeks, the U.S. Securities and Exchange Commission has implemented new relief measures for companies experiencing difficulties meeting their obligations › Read More
05 March 2020 - Post by:
The recent High Court decision of Cheung Ka Ho Cyril v Securities and Futures Commission and another [2020] HKCFI 270 confirmed the powers of the Securities and Futures Commission (SFC) to (i) seize digital devices such as smart phones and tablets in the course of executing a search warrant, and (ii) demand passwords to the › Read More
Part State-owned enterprises and Politically Exposed Persons
28 February 2020 - Post by:
The definition of a Politically Exposed Person (PEP) is an important one to understand for those involved in financial crime compliance. PEPs are considered to be more vulnerable to corruption so those who deal with them are often obliged to exercise a higher degree of caution. Under UK money laundering laws, dealing with a PEP › Read More
Financial reporting and auditors under the spotlight in Australia
24 February 2020 - Post by:
The Australian Securities and Investments Commission (ASIC) has released a review of financial reports from the period ending 30 June 2019. This review, together with ASIC’s recent enforcement update and audit inspection report, highlights one of ASIC’s key priorities – to engage in high deterrence value enforcement actions against corporations and auditors to ensure that › Read More
Hong Kong’s Privacy Commissioner for Personal Data – the end of the paper dragon?
11 February 2020 - Post by:
At a global panel session on 28 March 2019, the Hong Kong Privacy Commissioner expressed concern that Hong Kong runs the risk of being left behind as “a risky jurisdiction for hosting data”. This could soon change. The Hong Kong’s Constitutional and Mainland Affairs Bureau presented to the Legislative Council on 20 January 2020 a › Read More