THINGS YOU MAY HAVE MISSED – MARCH 29

Panama coronavirus update – latest figures saw 88 new cases (the number down on the previous day), giving a total of 989 confirmed cases to date, with 24 fatalities.  There has been some unrest in a couple of the poorer areas, with a couple of small local shops looted and street protests – despite the government guaranteeing wages and providing food vouchers, free food supplies and other things for the poor and those who don;t have a regular job or wage.

https://www.newsroompanama.com/news/police-injured-in-panama-city-looting-incidents

In other developments, Panama has facilitated the stranded Zandaam cruise liner off-loading some passengers to a fellow liner and both passing through the Canal en route to California (though who will know what will happen there).

https://www.hellenicshippingnews.com/panama-the-only-country-providing-humanitarian-aid-to-the-zaandam-cruise/

29 March 2020 

HOW THE SEC ENFORCEMENT DIVISION RESPONDS TO A CRISIS

On 28 March, a post on the Compliance & Enforcement blog of the New York University School of Law sets out to explain how the SEC is coping and on what its Enforcement Division will be concentrating during the crisis.  It is said, as one might expect, that it will be focusing on things and people seeking to take advantage of the crisis to carry out scams and frauds etc.  However, it is said that the majority of SEC staff have begun teleworking, and the agency has “transitioned to a full telework posture with limited exceptions”.  The post lists the types of investigations it expects the Enforcement Division to undertake.

https://wp.nyu.edu/compliance_enforcement/2020/03/27/how-the-sec-enforcement-division-responds-to-a-crisis/

 

QATARA: NASSER AL KHELAIFI, HEAD OF INTERNATIONAL PAY-TELEVISION GIANT BEIN MEDIA GROUP, RECEIVES BOOST OVER CORRUPTION INVESTIGATION IN SWITZERLAND

On 29 March, The Peninsula in Qatar reported that the Swiss federal court has rejected a prosecution case against the Qatari executive, who is also the president of French soccer giants Paris Saint-Germain.  He was cleared of bribery in a probe that also involves a disgraced former secretary general of FIFA, and a third unnamed accused, and relates to payments alleged to have been made for media rights for major tournaments.  However, a secondary charge of inciting Valcke to commit aggravated criminal mismanagement was maintained.

https://thepeninsulaqatar.com/article/29/03/2020/Favourable-court-ruling-for-Al-Khelaifi-in-Swiss-corruption-probe

 

EU COURT OF JUSTICE RULES THAT CONFISCATION LAWS ARE LAWFUL

On 29 March, the Irish Independent reported that the ECJ has held that proceeds of crime legislation, used to confiscate illegally obtained assets, is lawful.  In Ireland, the measure was brought in after the brutal murder of Sunday Independent investigative journalist Veronica Guerin in 1996.  The matter was referred to the Court by Bulgaria, which asked if EU law precluded Member States from providing for civil proceedings for confiscation, which were unrelated to a finding of a criminal offence, and arose from a case in which a Bulgarian banker is the subject of criminal proceedings for allegedly having incited others, between December 2011 and June 2014, to misappropriate funds belonging to the bank.

https://www.independent.ie/irish-news/news/crime-assets-confiscation-is-lawful-eu-court-rules-39084611.html

 

 

 

 

If you’d like to help me buy that (badly needed) new laptop or, even better, a new desktop to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

 

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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