Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 04 MARCH 2016

The Future Of Chinese Enforcement: From Corruption To AML?

Ropes & Gray LLP
Ropes & Gray LLP
Contributor
Ropes & Gray LLP

Ropes & Gray LLP

Ropes & Gray is one of the world’s most respected law firms, with offices in key business and...

View firm profile
Explore more from Ropes & Gray LLP

On February 17, 2016, the Spanish headquarters of the Industrial and Commercial Bank of China ("ICBC") were raided by Europol officers and Spanish law enforcement authorities...

ChinaGovernment, Public Sector
Amanda Raad
Amanda Raad
Author LinkedIn connections

On February 17, 2016, the Spanish headquarters of the Industrial and Commercial Bank of China ("ICBC") were raided by Europol officers and Spanish law enforcement authorities, on orders of a Spanish judge investigating the alleged laundering of at least €40 million to China from criminal activities in Spain and southern Europe. Six ICBC directors and employees were also arrested in relation to potential money laundering offenses. The current raid, part of Europol's Operation Shadow, follows previous Europol investigations which concluded that the proceeds of smuggling, exploitative labor practices and tax evasion were being transmitted to China in violation of international anti-money laundering ("AML") regulations.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

In-Depth Analysis Of State Council Order No. 841: Who Will Be Affected By The New Exit And Entry Administration Rules?

China's new exit and entry regulations introduce significant changes affecting technical personnel, individuals with cross-border assets, public officials, and intermediary service providers. The provisions strengthen authenticity reviews, connect technology export controls with travel restrictions, and establish a comprehensive framework for managing cross-border movement while balancing national security with legitimate international activities.
ChinaGovernment, Public Sector
Han Kun Law Offices
Han Kun Law Offices
Article

Bipartisan Senate Bill Would Prevent “Offshoring Biotech Industry To Communist China”

Senators Pete Ricketts and Elissa Slotkin have introduced bipartisan legislation that would subject American investments in adversary biotechnology to federal review requirements. The Biotech Investment National Security Act would amend the COINS Act to include pharmaceutical and biological product development in the list of sectors requiring Treasury Department screening for outbound investments to countries of concern, particularly China.
ChinaGovernment, Public Sector
Bergeson & Campbell
Bergeson & Campbell
Article

China Links Export Controls To Exit Bans: What State Council Order No. 841 Means For Multinational Companies

China's new immigration regulation introduces a significant provision allowing exit bans on Chinese citizens who violate export control or technology transfer rules that may endanger national, industrial, or technological security. This development creates potential complications for multinational companies operating in technology-intensive industries, as Chinese employees, engineers, researchers, or executives could be barred from departing China without prior notice, affecting cross-border mobility, joint
ChinaGovernment, Public Sector
Greenberg Traurig
Greenberg Traurig