Cross-Border White Collar Crime and Investigations Review
A summary of the key legislative and enforcement developments in cross-border white collar crime.
In-house counsel advising on investigations and financial crime risk at large, multinational companies have had to contend with a plethora of developments over the past 18 months.
More countries are introducing or amending financial crime laws, new types of businesses are being bought into the scope of existing laws, and there is a flow of guidance from enforcing authorities. Some jurisdictions are reinvigorating or introducing laws that make it more difficult to transfer information across borders during an investigation. Others are encouraging enforcement authorities to collaborate with other investigating authorities across borders.
The result has been a significant rise in the volume, scale and complexity of financial crime investigations. In parallel, expectations of corporate behaviour before, during and after investigation, have never been higher.
This review analyses the latest developments and trends, and highlights the most significant among the current and emerging issues that white collar crime and investigations in-house counsel should prioritise in the year ahead.
Current and emerging trends
We asked our global white collar crime team for their views on the main issues for in house investigations teams in 2020.
Although the picture is not uniformly the same across jurisdictions, there were some reoccurring themes.