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FATF has upgraded Thailand's status from the "dark-grey list" of non-cooperative jurisdictions to the "grey list" of on-going improvement jurisdictions. 

In order to comply with the international standards set out by the Financial Action Task Force ("FATF"), the Thai Parliament passed an amendment to the Anti-money Laundering Act and introduced a counter terrorist financing Act. These measures aim to...

The Asia Pacific region remained a hotspot for US anti-corruption enforcement authorities in 2012. Six of the twelve corporate Foreign Corrupt Practices Act (FCPA) settlement agreements in the past year involved business operations in that region. In addition...

Transparency International’s recently released Corruption Perceptions Index 2012 reveals important new data for companies operating in Asia Pacific. There is some improvement and some backsliding amongst the countries reviewed, but with only one exception,...

Designing a corporate anti-corruption compliance program for companies operating in Asia Pacific sometimes feels like trying to fit a round hole around a square peg. No amount of pounding will smooth the edges off a thousand years of guanxi. Fortunately, perhaps...

On 23 July 2012, the National Broadcasting and Telecommunications Commission ("NBTC") announced its foreign dominance regulation B.E. 2555 (2012) which became effective on 24 July 2012 (the "2012 FDR"), replacing the foreign dominance regulation...

50 year leases are possible under the Lease of Immovable Property for Commercial and Industrial Purposes B.E. 2542 Act (1999) and the 50 year lease term is mortgageable. Given the benefits this Act confers it is worth revisiting the general rules on a long-term...

Keeping the cards close to the vest is not the best strategy for casinos trying to avoid being used as money laundering outlets. Rather, transparency trumps secrecy. This is particularly true for casinos operating in the Asia Pacific region. In this area, the...

Not infrequently, our introduction of the concept of "Tone from the Top" commitment to compliance has been met with open-mouthed astonishment and, in some cases, suspicion or even rejection by Asia Pacific managers and C-Suite executives.  Management...

In a recently released survey of asset management professionals conducted by Clifford Chance and AsianInvestor, three key themes emerged. Asian investors are diversifying away from equities, the marked decline of Europe as a source of assets and as an investment...