Region: Japan

Japan to introduce tougher AML rules after FATF warning

Japan’s cabinet has approved measures to bolster the country’s anti-money laundering and terrorism finance laws, following a critical report by the Financial Action Task Force.

13 October 2014

Sidley Austin hires in San Francisco

Sidley Austin has hired partner Scott Nonaka in San Francisco from O'Melveny & Myers. Nonaka, who focuses on investigations, cross-border litigation and arbitration, frequently acts for Asia-based clients.

10 October 2014

DoJ fines Japanese shipping company for cartel conduct

Japanese shipping company Kawasaki Kisen Kaisha has agreed to plead guilty and pay US$68 million to settle price-fixing charges, the US Department of Justice (DoJ) announced on Friday. According to the DoJ, Kawasaki conspired to fix prices and rig bids for international shipping services, including the delivery of cars and agriculture equipment.

29 September 2014

Russian sanctions round-up

A new set of EU sanctions against Russia will likely be more wide-ranging than previous ones, affecting whole sectors of the Russian economy rather than targeting specific entities or individuals. Proposals seen by the Financial Times promise to impose an arms embargo, and to target next-generation oil exploration projects as well as the banking sector.

29 July 2014

Ex-DB employee sentenced for bribing pension fund manager

A former Deutsche Bank employee found guilty of bribing a Japanese public official has been handed a relatively light sentence in light of his bosses’ failure to stop the misconduct.

17 July 2014

Japan sentences trader for entertaining pension fund officials

A former Deutsche Bank trader in Tokyo was given a 10-month suspended sentence after he was found guilty of bribery.

16 July 2014

Japan plans to boost prosecutors’ powers in financial crimes

Japan is discussing proposals to expand public prosecutors’ white-collar crime enforcement powers by introducing plea bargains for individuals.

15 July 2014

Auto-parts exec jailed in cartel case

An executive of Japan-based Denso has agreed to serve one year and one day in prison after pleading guilty to conspiring to price fix automative intrument panel clusters sold to Honda of America Manufacturing, the US Department of Justice has announced.

01 July 2014

Deutsche Bank misconduct in Japan even more widespread

Deutsche Bank’s alleged illegal entertainment of officials in Japan might have been even more widespread than originally thought. Bloomberg reports to have a seen a document prepared by Japan’s financial regulator and the bank indicating that between 2010 and 2012, Deutsche Bank’s Japanese securities unit spent ¥22.

18 June 2014

US charges 35th individual in auto parts cartel

A grand jury in Detroit has indicted former Takata executive Gijou Nakajima with taking part in a conspiracy to fix the prices of seatbelts. Nakajima was the company's customer relations director until June 2009.

06 June 2014

Unlock unlimited access to all Global Investigations Review content