For those not familiar with it, let’s start with some basics. The European Union’s (EU) market abuse regime consists of two pieces of legislation, the Market Abuse Regulation (MAR), directly applicable across Member States, and the Market Abuse Directive on criminal sanctions for market abuse (CSMAD). The CSMAD essentially
New EU Anti-Corruption Framework: what does this mean for multinationals and their compliance programmes?
Summary
As part of a new anti-corruption package announced on 3 May 2023, the European Commission has proposed a new directive (Directive) which, if implemented, would require EU member states (Member States) to meet common standards in their anti-corruption legislation.
More detail on the EU’s anti-corruption package, including the proposed new
Post script: Airbus subsidiary pleads guilty to corruption offence
On 28 April 2021, Airbus’ UK subsidiary GPT Special Project Management Ltd (GPT) was convicted of corruption and sentenced to pay penalties of over £30m by the Crown Court in London.
This case preceded the wider investigation into Airbus culminating in its US$3.9 billion global deferred prosecution agreement in 2020 (see our previous article here
ABC Risk assessments: FAQs
Last month we hosted a webinar on anti-bribery and corruption (ABC) risk assessments. This was the first in our series of ABC compliance webinars marking the 10th Anniversary of the UK Bribery Act coming into force. You can listen to the audio recording of the webinar on-demand here.
We have put
Risk assessments and the expectations of global authorities – what this means for businesses
On 18 March 2021, we will be holding the first of our global webinars on putting into practice authorities’ expectations in relation to each of the components of an ABC programme.
In this first session we will examine global expectations in relation to risk assessments – the starting point of an effective ABC programme. We
Airbus’ Sky High Settlement – Focus on Global Reach and Collaboration in Anti-Corruption Prosecutions
On January 31, 2020, France, the United Kingdom, and the United States announced a settlement with Airbus SE (“Airbus”), the French aircraft manufacturer, in relation to bribery allegations and, in the US and France, export controls violations. The combined penalties total $3.9 billion, which is the largest anti-corruption settlement in history. The settlement offers insight
Global Regulatory Enforcement and Sanctions Trends for 2019
In this on-demand webinar, members of our Regulatory, Compliance and Investigations team in London, France, the US and Hong Kong give their thoughts on likely regulatory enforcement and sanctions trends for the rest of this year based on recent enforcement cases and forward looking statements from the regulators. Topics discussed include individual accountability, anti-money laundering