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
Cross-border information sharing within corporate groups
02 June 2020 - Post by:
The UK HM Treasury and Home Office have issued a joint statement and guidance on cross-border information-sharing within corporate groups for the purpose of combating economic crime. Echoing the previous sentiments of the Economic Crime Plan 2019, the guidance makes clear that effective and diligent practice in intra-group cross-border data sharing is critical for identifying › Read More
FCA enforcement priorities during and after the pandemic
28 May 2020 - Post by:
A number of weeks into the Covid-19 pandemic, the FCA has, as you would expect, produced guidance and information for firms, including warnings in this week’s Market Watch 63 about FCA expectations around market conduct. So have the FCA’s enforcement priorities changed? In short, no. But they have adjusted. The FCA’s Covid-19 webpage updates the › Read More
Watershed moment for prosecution of corporate crimes in Germany gets closer
28 April 2020 - Post by:
Resistance has been futile. Although practitioners and academics strongly criticised a previous working draft, the German Federal Ministry of Justice has now formally published its proposal for a Corporate Sanctions Act (Verbandssanktionengesetz, the Draft Bill). The Draft Bill reflects some of the concerns that were raised about the previous draft (discussed here). It has become › Read More
Amid falling markets, valuation challenges and mis-marking fraud risks rise
22 April 2020 - Post by:
Amidst a troubled economy and falling public markets, private-equity firms and financial institutions are facing valuation challenges that may spell trouble with United States regulators. In early April, the Wall Street Journal reported that private-equity firms are grappling with how to assess the impact of the current economic turmoil on the value of the illiquid › Read More
Recognising and mitigating COVID-19 corruption risk
20 April 2020 - Post by:
Legal and compliance professionals should consider how COVID-19 coronavirus may affect corruption risk under applicable anti-corruption laws, including the Foreign Corrupt Practices Act, and what steps may be taken to mitigate these risks even while large swaths of the company’s employees may be working remotely. Some corruption risks are amplified in the current environment. Government › Read More