OTHER THINGS YOU MAY HAVE MISSED – APRIL 8

Panama covid-19 update – once more, too early for daily news conference, so no latest figures.  However, TV reporting more arrests for curfew/isolation violations…crazy.

8 April 2020

ALLEGED HEZBOLLAH COMMANDER INDICTED IN AUSTRIA ON TERRORISM FINANCING CHARGES

On 16 March, The National in UAE carried a report  saying that prosecutors in Austria have indicted a Lebanese man suspected of being a leading member of Hezbollah’s military wing and being involved with financing terrorism.

https://www.thenational.ae/world/europe/alleged-hezbollah-commander-indicted-in-austria-on-terrorism-financing-charges-1.993422

 

AUSTRALIA: HSBC OWNS UP TO POTENTIAL AML LAW BREACHES

On 8 April, KYC 360 reported that HSBC Australia HSBC has reported itself to Australia’s financial crime agency for potential breaches of AML laws by failing to report transfers to foreign banks and institutions.

https://www.riskscreen.com/kyc360/news/global-bank-hsbc-owns-up-to-potential-anti-money-laundering-law-breaches/

 

COVID-19: WRONGFUL TRADING – PRACTICAL CONSIDERATIONS

On 2 April, Womble Bond Dickinson published an article about the effect of the temporary suspension of the wrongful trading provisions under section 214 of the Insolvency Act 1986 for a period of 3 months (back dated to 1 March).  The article sets out to summarise the law as it stands and provide some practical considerations for directors seeking guidance.

https://www.womblebonddickinson.com/uk/insights/news/wrongful-trading-practical-considerations

https://www.gtlaw.com/es/insights/2020/4/uk-suspends-wrongful-trading-rules-for-company-directors-amid-coronavirus-disease-2019

 

WHAT TO KNOW ABOUT US CUSTOMS EXPORT SEIZURES

On 5 April, Torres Law published an article which discusses guidelines published last year by US Customs & Border Protection about the ability of exporters may pay a “forfeiture remission amount” to have the merchandise released from seizure.  It also notes that the new guidelines acknowledge a difference between License Violations and Non-License Violations, with a recommendation that License Violations should generally necessitate a remission on the higher end of the range of amounts, which range from 10% to 80% of the value of the merchandise.  The Guidelines also provide a description of several mitigating and aggravating factors that should be considered when CBP determines the remission amount.

http://www.torrestradelaw.com/posts/What-to-Know-about-CBP-Export-Seizures/200

 

WHEN FEDERAL R&D FUNDING MEETS U.S. TRADE CONTROLS

On 5 April, Torres Law published an article saying that if a company is fortunate enough to receive federal R&D funding, it is important to remember that these grants do not relinquish responsibility for compliance with trade regulations.  It says that there are 2 important points to consider – technology developed under federal funding programmes is subject to US export control laws and regulations; and controls on foreign national involvement apply to collaborative activity.

http://www.torrestradelaw.com/posts/When-Federal-R-D-Funding-meets-U.S.-Trade-Controls%3A-Proceed-with-Caution/203

 

GENERAL ELECTRIC LICENCE TO SUPPLY AIRCRAFT ENGINES TO CHINA

On 8 April, the EU Sanctions Blog reported that GE had received a licence to supply to China jet engines produced by CFM International, which is co-owned by GE and French company Safran Aircraft Engines.

https://www.europeansanctions.com/2020/04/ofac-issues-ge-licence-to-supply-chinese-plane-engines/

https://dsm.forecastinternational.com/wordpress/2020/04/07/us-gives-green-light-for-leap-engine-export-to-china/

 

NORTH KOREA COULD BE USING FERTILISER PLANTS TO MAKE MORE NUCLEAR MATERIAL

MSN News on 7 April reported a new study which says that this technique can be used by North Korea as a way to conceal it was attaining uranium as part of the country’s fervent drive to boost agricultural output.  The country is said to be s building fertiliser plants for this purpose, and it “has the potential to considerably alter open-source estimates of how much yellowcake uranium the DPRK is able to produce annually, which in turn affects estimates of how many nuclear warheads the DPRK can make”.  It is admitted that the author did not prove definitively that the country is making uranium from fertiliser factories.  It is said that a site under construction could be the first phosphate fertiliser plant that will conduct uranium extraction activities at full scale.

https://www.msn.com/en-us/news/world/north-korea-could-be-using-fertilizer-plants-to-make-more-nuclear-material/ar-BB12hIMK

 

WHAT HAPPENS IF THE TRUMP ADMINISTRATION DESIGNATES DRUG CARTELS AS TERRORIST ORGANISATIONS?

A blog post on Lawfare on 8 April posed this question.  It asks what new powers does the foreign terrorist organisation (FTO) designation bestow upon the federal government to combat Mexican cartels?  It is said that there are 3 areas of the law that would be most affected by this change: criminal prosecutions, immigration and economic sanctions.  On the latter, the author admits that designating cartels as FTO would not substantively increase the US government’s ability to target the cartels through financial sanctions.

https://www.lawfareblog.com/what-happens-if-trump-administration-designates-drug-cartels-terrorist-organizations

 

OWNER OF GOVERNMENT-APPOINTED COMPANY ISSUING VISAS FOR PEOPLE WISHING TO TRAVEL TO NIGERIA FACING CHARGES OF FRAUD AND MONEY LAUNDERING

On 8 April, the BBC reported that the owner of the Nigerian government-appointed company which produces visas for people wishing to travel to Nigeria from around the world is facing charges of fraud and money laundering in Nigeria.  It says that there is no suggestion of wrongdoing by the visa-processing company and the allegations have no relation to the management of the visa business.  The owner, Mahmood Ahmadu, together with his former company Drexel Tech, and 3 others, including former Interior Minister Abba Moro, face charges.

https://www.bbc.com/news/world-africa-51949595

 

AUTHORITIES IN GERMANY VICTIMS OF MULTI-MILLION-EURO FRAUD INVOLVING MASKS MUCH NEEDED IN THE CORONAVIRUS PANDEMIC

On 7 April, EurActiv reported that North Rhine-Westphalia, Germany’s most populous state and one of the hardest hit, paid €14.7 million for some 10 million masks in March only to discover they did not exist.  The German MD of 2 distribution companies based in Zurich and Hamburg raised the alarm after realising he had been tricked.

https://www.euractiv.com/section/justice-home-affairs/news/germany-caught-up-in-mask-fraud-scheme/

 

UK EXTENDS FREEPORTS CONSULTATION PERIOD

On 8 April, the Department for International Trade announced that the public consultation on the introduction of freeports in the UK, due to end on 20 April, has been extended to 13 July.

https://www.gov.uk/government/consultations/freeports-consultation

 

ARGENTINA PUTS SEIZED ASSETS TO GOOD USE IN CORONAVIRUS FIGHT

On 7 April, Insight Crime reported that authorities in Argentina are using assets seized from drug traffickers to help fight the coronavirus pandemic.

https://www.insightcrime.org/news/brief/argentina-assets-coronavirus/

 

CRYPTO-ASSETS: KEY DEVELOPMENTS, REGULATORY CONCERNS AND RESPONSES

On 7 April, the EU Parliament Research Service published a study which looks at developments which relate mainly to the continuing use of crypto-assets for money laundering and terrorist financing, the massive growth of private “tokens” used to raise funds, and to the emergence of stablecoins and central bank digital currencies. The study also addresses key regulatory concerns, taking into account these recent developments, and suggests regulatory responses.

https://www.europarl.europa.eu/RegData/etudes/STUD/2020/648779/IPOL_STU(2020)648779_EN.pdf

 

CO-OWNER OF SANCTIONED FBME BANK PASSES AWAY

On 8 April, OCCRP reported that the co-owner of a bank that has been implicated in money laundering and other criminal financial activities has passed away.  Fadi Saab, a Lebanese national who founded and co-owned FBME Bank, died at the age of 70.  Saab owned FBME Bank with his brother Farid Saab and served as its managing director.  FinCEN sanctions the bank in 2016.

https://www.occrp.org/en/daily/12046-co-owner-of-sanctioned-fbme-bank-passes-away

 

MATCHBOOK OWNER FINED £740,000 BY GAMBLING COMMISSION OVER ‘SERIOUS FAILINGS’

On 8 April, the Racing Post reported that the licence of the owner of betting exchange Matchbook was suspended in the UK because of “serious failings” over its AML and social responsibility measures, the Gambling Commission has said.  Matchbook’s owner Triplebet has been told to pay a £740,000 fine, while its licence will remain suspended until it can prove it has implemented the remedial measures required by the regulator.  Triplebet’s licence was suspended in February following a review that began in August 2018.

https://www.racingpost.com/news/latest/matchbook-owner-fined-740000-by-gambling-commission-over-serious-failings/431182

https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Commission-publishes-the-reasons-for-suspending-Triplebet’s-licence.aspx

 

UK GAMBLING COMMISSION SUSPENDS 2 OPERATOR LICENCES FOR FAILING TO PARTICIPATE IN SELF-EXCLUSION PROGRAMME

On 3 April, a news release from the Gambling Commission advised that it had suspended the licences of 2 online operators with immediate effect and commenced reviews for failure to fully integrate the self-exclusion scheme GAMSTOP – Dynamic, trading as Prophet, and Sportito. The licence suspension of Dynamic, trading as Prophet, was lifted on 7 April.

https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Gambling-Commission-suspend-two-operator-licences-for-failure-to-participate-in-GAMSTOP.aspx

 

GERMANY INTRODUCES REQUIREMENT TO REPORT WEAPON STOCKS

On 20 March, Germany’s Federal Office for Economic Affairs and Export Control (BAFA) introduced its Kriegswaffenbuches – eKWB requirement which obliges all those who deal with “war weapons” to report their stocks and changes in stocks to BAFA on a 6-monthly basis.  This replaced the previous paper-based reports.  The new requirement took effect from 1 April  and the first electronic notification to BAFA must be made at the reporting date of 30 September.

https://www.bafa.de/SharedDocs/Kurzmeldungen/DE/Aussenwirtschaft/Ausfuhrkontrolle/20200319_ekwb_aenderung_durchfuehrungsverordnung.html

 

SWITZERLAND TO INTRODUCE EXPORT CONTROLS ON THE EXPORT AND BROKERING OF GOODS WHICH COULD BE USED FOR INTERNET OR MOBILE PHONE SURVEILLANCE

A notice from the Federal Assembly on 3 March said that a legal basis should be introduced to allow the Federal Council to be able to continue to refuse the export of internet and mobile phone surveillance devices and software if there is reason to believe that they are being used for repression.  This permanent legislation would replace export controls contained in temporary legislation, which must be reviewed and approved every 4 years.

https://www.parlament.ch/de/services/news/Seiten/2020/20200303093643508194158159041_bsd061.aspx

 

DOJ CIVIL SETTLEMENT IN BID-RIGGING AND FRAUD TARGETING DEFENSE DEPARTMENT FUEL SUPPLY CONTRACTS FOR US MILITARY BASES IN SOUTH KOREA

On 8 April, a news release from the DoJ announced that South Korea-based company Jier Shin Korea Co. Ltd., and its president, Sang Joo Lee, have agreed to pay $2 million to the US for civil antitrust and False Claims Act violations for their involvement in a bid-rigging conspiracy that targeted contracts to supply fuel to US military bases in South Korea.  It also adds that the US previously reached civil settlements totalling over $205 million relating to the conspiracy with GS Caltex Corporation, Hanjin Transportation Co. Ltd., Hyundai Oilbank Co. Ltd., SK Energy Co. Ltd., and S-Oil Corporation.

https://www.justice.gov/opa/pr/doj-agrees-civil-settlement-additional-firm-involved-bid-rigging-and-fraud-targeting-defense

 

US BANKS BLAME AML RULES FOR EMERGENCY LOAN LOGJAM

On 8 April, American Banker reported that US banks, facing criticism for prioritising existing customers over new ones who are seeking coronavirus rescue loans, put the blame on federal AML rules.

https://www.americanbanker.com/articles/banks-blame-aml-rules-for-emergency-loan-logjam

 

UKRAINE: POLICE RELEASE MORE DETAILS ABOUT ARMS TRAFFICKING RING DISMANTLED IN 2018

On the 3 April, the Ukraine National Police released a news release containing additional information about a large arms trafficking ring dismantled in 2018.  The traffickers found buyers online and delivered the weapons via post.  The release includes clear photographs of Turkish blank-firing pistols seized from the traffickers.

https://www.npu.gov.ua/news/zbroya/slidchi-naczpolicziji-skeruvali-do-sudu-obvinuvalnij-akt-shhodo-organizatora-zlochinnoji-grupi-zbuvachiv-nelegalnoji-zbroji/

 

SOUTH KOREA CENTRAL BANK LAUNCHES DIGITAL CURRENCY PILOT PROGRAMME

On 8 April, Coin Telegraph reported that the bank had announced on 6 April that it has launched a pilot programme to assess the logistics of issuing a central bank digital currency — or CBDC.  It is said that the bank has no immediate plans to introduce such a currency, the pilot scheme will ensure that it is prepared to do so in the face of changing market conditions.

https://cointelegraph.com/news/south-koreas-central-bank-launches-digital-currency-pilot-program

 

If you’d like to help to contribute to that (badly needed, just received) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

 

ISLE OF MAN: AMENDMENTS TO THE AML/CFT HANDBOOK

On 8 April, the Isle of Man FSA released a news release advising of some amendments, including that List C of the Handbook (equivalent jurisdictions) has recently been updated by the Cabinet Office to include the USA.  There is new guidance for –

  • Moneylenders and providers of financial guarantees/commitments; and
  • Banking

https://www.iomfsa.im/fsa-news/2020/apr/amendments-to-the-anti-money-laundering-and-countering-the-financing-of-terrorism-handbook-amlcft-handbook/

 

If you’d like to help to contribute to that (badly needed, just received) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

EU UPDATES ENTRIES FOR 82 PERSONS ON IRAN SANCTIONS LISTS

EU Regulation 2020/510/EU has an Annex containing new entries for 82 persons under the sanctions which have been renewed to 21 April 2021.

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2020.113.01.0001.01.ENG&toc=OJ:L:2020:113:TOC

 

If you’d like to help to contribute to that (badly needed, just received) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

UNEXPLAINED WEALTH ORDERS: LONDON COURT DISMISSES ATTEMPT TO SEIZE PROPERTIES LINKED TO NAZARBAEV FAMILY

On 8 April, Rferl reported that a London has dismissed an attempt by NCA to seize a luxurious London mansion and 2 other properties linked to the family of former Kazakh President Nursultan Nazarbaev.  The properties, owned by companies based in tax havens, have been subject to unexplained wealth orders since May 2019, but the High Court has discharged the orders against the companies that own the properties.  Lawyers for the offshore companies that own the properties said the funding had come from Aliev’s mother who was economically independent.

NCA to appeal.

https://www.rferl.org/a/london-court-dismisses-attempt-to-seize-properties-linked-to-nazarbaev-family/30542230.html

https://www.nationalcrimeagency.gov.uk/news/nca-to-appeal-discharge-of-unexplained-wealth-orders

 

If you’d like to help to contribute to that (badly needed, just received) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

PODCAST: DEFINING “FOREIGN OFFICIAL” UNDER THE FCPA

In the latest TRACE podcast, Bill Steinman, of Steinman & Rodgers, takes us back to 2014 and the Eleventh Circuit’s very fact-specific analysis of what constitutes a “foreign official” under the FCPA.

https://traceinternational.org/resources-podcast

 

If you’d like to help to contribute to that (badly needed, just received) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

WHEN DOES STANDING CONSENT PUT SUBSIDIARIES’ DOCUMENTS WITHIN THEIR PARENT’S CONTROL?

An article from RPC on 7 April poses this question in the light of a recent court case in England, pointing out that a parent company does not exercise control over the documents of, or held by, its subsidiaries merely by virtue of its shareholdings in those subsidiaries; but that the situation is different when there is standing consent.  It says that the case provided useful guidance on the circumstances in which documents held by subsidiaries would be within the parent company’s ‘control’ for the purposes of disclosure.  The article concludes that the decision highlights the courts’ willingness to give a broad interpretation to the term ‘control’ for the purposes of disclosure; and that parent companies and subsidiaries should be aware of the arrangements that are in place between them to provide access to documents and the impact that such arrangements may have on their respective disclosure obligations.

https://www.internationallawoffice.com/Newsletters/Litigation/United-Kingdom/RPC/Parental-controls-when-does-standing-consent-put-subsidiaries-documents-within-their-parents-control

 

If you’d like to help to contribute to that (badly needed, just received) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

REPORT: FINANCIAL INSTITUTIONS IN EUROPE SPENT 3 TO 4 TIMES MORE THAN THEIR COUNTERPARTS IN NORTH AMERICA

On 8 April, KYC 360 reported that a survey by LexisNexis Risk Solutions, estimated that the annual cost of financial crime compliance in Europe was $137 billion, followed by North America ($32 billion), Asia Pacific ($6 billion), Latin America ($5 billion), and South Africa ($2 billion).  It says that the most expensive countries for financial crime compliance were the UK ($50 billion) and Germany ($48 billion).

https://www.riskscreen.com/kyc360/news/study-europe-blows-u-s-away-in-financial-crime-spending/

The report is at –

https://risk.lexisnexis.com/insights-resources/research/true-cost-of-financial-crime-compliance-study-global-report

 

If you’d like to help to contribute to that (badly needed, just received) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

OTHER THINGS YOU MAY HAVE MISSED – APRIL 7

Panama coronavirus update – the weather seems to be changing as the “summer” seasons is ending – mind you, it’s still 34 degrees and the rainy season is still months away.  The lockdown continues, and the new-ish big copper mine has closed due to the virus, and my favourite (though not closest) supermarket has closed for a 2-day full sanitising effort.  No statistics update, as the daily news conference delayed…

7 April 2020

ENI DISCUSSES CORRUPTION SETTLEMENT WITH SEC

On 7 April, the Wall Street Journal reported that the Italian oil company is in discussion with the SEC about a potential resolution to the regulator’s corruption investigation.  It disclosed in 2012 allegations of bribery around gas pipeline contracts awarded to its former subsidiary Saipem SpA in Algeria.  It has already resolved the matter with the DoJ, which closed a parallel criminal investigation into ENI without taking any action.

 

DESPITE ROUTE LOG DATA, NORTH KOREAN VESSEL DID NOT VISIT AUSTRALIA

On 7 April, NK Pro reported that the Kum Dae, a bulk cargo vessel owned by a North Korean company did not visit an Australian port in February, an informed government source confirmed, despite AIS route log data which showed it docking there for over a day, presumed evidence “spoofing”.

https://www.nknews.org/pro/despite-route-log-data-north-korean-vessel-did-not-visit-australia/

 

UK JOINS US IN RESISTING A PLAN BY THE NIGERIAN GOVERNMENT TO HAND OVER NEARLY $110 MILLION OF FUNDS US AUTHORITIES SAY WAS STOLEN BY LATE DICTATOR SANI ABACHA

On 7 April, KYC 360 reported that the 3 governments are involved in a dispute over investment portfolios worth €141 million traced to Abacha and held in trust for Abubakar Bagudu, the governor of Nigeria’s northern state of Kebbi, and his family.  Bagudu, 58, was part of a network controlled by Abacha that “embezzled, misappropriated and extorted billions from the government of Nigeria,” according to the DoJ.

https://www.riskscreen.com/kyc360/news/u-k-toes-u-s-line-to-block-looted-funds-for-nigeria-governor/

 

THE EU AND UN PROGRAMME TO HELP EASTERN PARTNERSHIP COUNTRIES CLAW BACK ASSETS LINKED TO ORGANISED CRIME

On 7 April, EurActiv reported that the EU and the UN’s Interregional Crime and Justice Research Institute (UNICRI) have launched a programme to help Eastern Partnership countries – Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine – claw back assets linked to organised crime.  The EU-funded €1.5 million project will focus on financial crime investigations, providing “highly-specialised training”, “peer-to-peer mentoring” and legal advice to tackle issues such as cooperation across borders.

https://www.euractiv.com/section/europe-s-east/news/eu-un-join-forces-to-help-eastern-neighbours-fight-organised-crime/

 

IN AUSTRIA, BULGARIA, GERMANY AND SERBIA, OPERATIONS AGAINST 2 ORGANISED CRIMINAL GROUPS SUSPECTED OF LARGE-SCALE INVESTMENT FRAUD IN CYBER-TRADING

A news release from Eurojust on 7 April reported that, on 2 April, with the support of Eurojust, authorities in Austria, Bulgaria, Germany and Serbia have successfully carried out operations against 2 organised criminal groups suspected of large-scale investment fraud in cyber-trading.  Arrests and the freezing of assets took place in several countries.  The operations were part of an ongoing long-term investigation conducted by several national authorities against groups which lured thousands of victims in several countries into investing in non-existent financial products, using advertising banners and mass emails promising above-average profits.

http://eurojust.europa.eu/press/PressReleases/Pages/2020/2020-04-07.aspx

https://www.europol.europa.eu/newsroom/news/major-investment-fraud-gang-busted-in-bulgaria-and-serbia

 

OECD GUIDANCE ON IMPLICATIONS OF THE COVID-19 CRISIS ON CROSS-BORDER WORKERS AND OTHER RELATED CROSS-BORDER MATTERS

On 7 April, Accountancy Daily reported that the OECD Secretariat had issued guidance based on a careful analysis of the international tax treaty rules.

https://www.oecd-forum.org/users/369395-pascal-saint-amans/posts/65032-oecd-issues-recommendations-on-implications-of-the-covid-19-crisis-on-cross-border-workers-and-other-related-cross-border-matters

 

FORMER GREEK GOVERNMENT MINISTER GIANNOS PAPANTONIOU TO BE RELEASED FROM PRISON

On 7 April, Greek Reporter reported that he served 17 months after being found guilty of money laundering, a charge that he continues to deny.  The veteran Greek politician was a member of Parliament for a total of 19 years and served as Minister of National Defence between 2001 and 2003 and Minister of Economy and Finance from 1994 until 2001.

https://greece.greekreporter.com/2020/04/07/former-greek-governemnt-minister-giannos-papantoniou-to-be-released-from-prison

 

US SHIPPERS CALL FOR URGENT ACTION ON ‘PUNITIVE’ DEMURRAGE CHARGES

On 7 April, Lloyds Loading List reported that 80 agriculture associations have jointly called on the US government to accelerate stalled rulemaking ‘to protect agriculture exporters from ocean carrier abuse’ that is compounded by the damage coronavirus is doing to US agriculture.

https://www.lloydsloadinglist.com/freight-directory/news/US-shippers-call-for-urgent-action-on-‘punitive’-demurrage-charges/76325.htm#.XoyXGm5FzIU

 

UK: COMPANY MUST DISCLOSE DOCUMENTS HELD BY SUBSIDIARIES

On 7 April, Legal Futures reported on a case under the current “disclosure pilot” rules in the UK, where the High Court has ruled that a company must disclose documents held by subsidiaries and which it controls.  It is said that although ownership of subsidiaries did not always mean control over documents, in this case the subsidiaries provided the parent company with “standing consent” to provide documents.

https://www.litigationfutures.com/news/company-must-disclose-documents-held-by-subsidiaries

 

US INVOKES THE DEFENSE PRODUCTION ACT TO LIMIT EXPORTS OF CRITICAL US MEDICAL SUPPLIES

On 6 April, Baker McKenzie reported that the Presidential Order is said to be is in the wake of numerous countries around the world implementing export bans on PPE and other medical supplies.  The Order says it is necessary to “prevent hoarding, price gouging, and profiteering by preventing the harmful export” of critically needed materials.

https://www.internationaltradecomplianceupdate.com/2020/04/06/united-states-invokes-defense-production-act-to-limit-exports-of-critical-us-medical-supplies/

 

CORONAVIRUS: CIVIL PROCEEDINGS AND EXPIRY OF TIME LIMITS IN FRANCE

On 7 April, Out-Law published an article saying that France has introduced new laws impacting time limits expiring during the current coronavirus emergency period in the country, and how civil courts in France will operate during the crisis despite confinement restrictions.

https://www.pinsentmasons.com/out-law/guides/coronavirus-civil-proceedings-time-limits-france

 

LIBYA’S “OFFICIAL” GNA SAYS JORDAN SOLD UAV TO ITS ENEMY, THE “REBEL” LNA

On 7 April, Janes.com reported claims by Libya’s Government of National Accord (GNA) has said that Jordan has sold Chinese-made unmanned aerial vehicles (UAV) to the Libyan National Army (LNA).

https://www.janes.com/article/95396/update-libya-s-gna-says-jordan-sold-uavs-to-its-enemy

 

INTERVIEW WITH AUTHOR OF NEW BOOK: CRUDE INTENTIONS: HOW OIL CORRUPTION CONTAMINATES THE WORLD.

On 7 April, a post on the FCPA Blog consisted of a Q&A with Alexandra Gillies, who said that the 2008-2014 oil boom offered the perfect petri dish for observing how corruption works across a diverse set of countries and players, from Goldman Sachs to the national oil company of South Sudan.  She said she thus set out to see what we could learn from all these cases about how to build a smarter fight against corruption in the future.

https://fcpablog.com/2020/04/07/crude-intentions-cuts-through-the-bling-of-natural-resource-corruption/

 

PODCAST: DRUG PROHIBITION AND NORMS IN ASIA

On 7 April, CSIS released its latest “Asia Chessboard” podcast, in which Diana Kim discusses her new book, Empires of Vice, a look at how colonial administrations came to ban drugs across Asian territories. How did this process affect the development of governing norms in Asia? What impacts did these models of prohibition have on contemporary illicit markets across Asia? Are norms generated on the local level or with central governments?  A transcript is also provided.

https://www.csis.org/podcasts/asia-chessboard/hooked-exploring-drug-prohibition-and-norms-asia-prof-diana-kim

 

UK: STRONG CUSTOMER AUTHENTICATION: NEW FCA GUIDANCE

On 7 April, Bird & Bird published an article saying that on 13 March the FCA updated its guidance to firms on Strong Customer Authentication (SCA) in light of the possible disruption to the implementation of SCA and the high risk of fraud during the Coronavirus (COVID-19) crisis.  It explains first that SCA rules have generally applied in the UK since 14 September 2019 although further extensions had already been granted in respect of online banking and card transactions until respectively 14 March 2020 and 14 March 2021.

https://www.twobirds.com/en/news/articles/2020/uk/strong-customer-authentication-fraud-and-the-coronavirus-crisis-new-uk-fca-guidance-to-firms

 

RFE/RL AND PARTNERS WIN ‘TOM RENNER AWARD’ FOR CENTRAL ASIA MONEY LAUNDERING REPORT

On 7 April, RFE/RL reported that it, OCCRP, and OCCRP member center Kloop have received the prestigious 2019 Tom Renner Award from Investigative Reporters and Editors (IRE) for “Plunder and Patronage in the Heart of Central Asia”, a 6-part report revealing the operations of a massive underground network that funnelled more than $700 million from Kyrgyzstan.  An illicit cargo empire run by a secretive Uyghur clan, over 5 years systematically moved undeclared and falsely labelled goods into Kyrgyzstan, Russia, and other Central Asian states, and then funnelled hundreds of millions of US dollars out of Kyrgyzstan into Turkey and beyond.

https://pressroom.rferl.org/a/rferl-and-partners-win-ire-tom-renner-award-for-central-asia-money-laundering-report/30540507.html

 

CAMBODIA: FURTHER POSTPONEMENT OF VERDICT IN CRIMINAL FRAUD TRIAL OF AUSTRALIAN MISSIONARY

9 News in Australia reported on 7 April that a provincial court in Cambodia has again postponed the verdict in the 3-year long criminal fraud trial of Australian missionary Martin Chan.  The case involves a dispute between Chan and a local contractor over construction of a multi-million-dollar school.

https://www.9news.com.au/world/aust-missionary-fraud-verdict-delayed/c397be61-ce57-4eb6-9fa8-569a4cc806ca

 

UN SHERLOC NEWSLETTER ON ELECTRONIC RESOURCES AND CRIME

The UN Office for Drugs and Crime has released the latest edition of its SHERLOC newsletter containing information regarding the implementation of the UN Convention against Transnational Organized Crime and its attached Protocols, and the international legal framework against terrorism.

https://sherloc.unodc.org/pdf/cld/Newsletters/SHERLOC_Newsletter_-_Issue_No_14_April_2020.pdf

 

BLOCKCHAIN FOR EXPORT CONTROL

On 6 April, the Stimson Center in the US published an article saying that distributed ledger technology (DLT), of which blockchain is a subset, has the potential to strengthen the implementation of export controls.  It says that the Stimson Center is investigating potential applications for export controls in 3 areas –

  • sensitive data management;
  • detection and prevention of falsified documents and valid identities; and
  • traceability of sensitive items and data.

https://www.stimson.org/2020/blockchain-for-export-controls/

 

THEFT OF $20 MILLION FROM BERMUDA CHARITABLE TRUST ALLEGED

On 7 April, Offshore Alert reported that an Australian barrister has been accused of theft from a trust set up by a deceased US billionaire – and that the trust itself is apparently the target of a US investigation into possible tax evasion and money laundering.

https://www.offshorealert.com/evatt-tamine-accused-of-theft-from-eugene-brockman-charitable-trust-bermuda.aspx

 

If you’d like to help to contribute to that (badly needed, but now ordered) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

 

WHERE DOES THE FIFA SCANDAL GO FROM HERE AFTER NEW INDICTMENTS?

On 7 April, Sports Illustrated in the US carried an article saying that it had been a while since the DoJ indicted officials connected with the wide-ranging FIFA scandal, but after the new developments the article looks at who is involved and what it means for the case as a whole.

https://www.si.com/soccer/2020/04/07/fifa-scandal-indictment-world-cup-vote-tv-rights-bribes-fox-qatar-russia

 

 

 

 

 

If you’d like to help to contribute to that (badly needed, but now ordered) new laptop or, even better, the new desktop said to be on its way, to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y