With the risk of prison sentences and large fines, both for companies and their directors, it is essential
to know when corporate entities, their shareholders, directors, legal representatives and senior executives
can be held liable for their acts or omissions, and those of others. The Commercial Crime product considers
these aspects, as well as others, such as whether local law reaches beyond borders, if there are proactive
compliance and disclosure requirements for businesses, as well as elements of specific offences, such as fraud,
corruption, insider trading and money laundering.
Do you want to access this information, contact us now:
Content
The following topics are covered in the Commercial Crime product for each country (click to expand):
This product contains detailed and up-to-date local guidance, in an easy-to-use question-and-answer format, in relation to the rules regarding corruption, fraud, insider trading, market abuse, money laundering and breach of financial sanctions. If you have a question that is not answered, we’ll source the response for you. Sample questions include:
Can corporate entities be held criminally liable?
Can a corporate entity’s shareholders, directors, legal representatives and senior executives be held criminally liable for its acts or omissions?
What constitutes corruption, including bribery?
Are there any proactive compliance requirements corporate entities must meet to prevent corruption, both in general and for particular industries?
Are the payment and receipt of facilitation payments criminal offences? If so, are there any exceptions?
Are there any restrictions regarding hospitality?
What constitutes corporate and business fraud in the country
Does the law apply to insider trading and market abuse committed in the country only, or does it also apply to insider trading and market abuse committed outside its territory?
What civil and criminal sanctions apply when a corporate entity or individual is found guilty of money laundering or breach of financial sanctions?
Is there any statutory protection for whistle-blowers?
Benefits of Commercial Crime
If you are a compliance manager responsible for your company’s operations in Africa, the Afriwise platform, and this product in particular (as well as the Business Structures product), is a must. Afriwise is more powerful than any other solution as it provides accurate, up-to-date and plain-language guidance in relation to all your questions, is interactive, and also notifies you when there are legal updates you should be aware of.
Afriwise subscribers benefit from:
24/7 access to our online platform
detailed practical guidance and insights on all aspects of this area of law
overviews of the applicable laws and upcoming changes, as well as alerts to important legal developments
downloadable copies of all relevant laws and regulations
direct access to vetted local commercial crime/forensics law experts
valuable tools such as a powerful search engine with relevant filters
country comparisons
a clarification-request tool
note-taking
... and much more.
Gain full visibility and clarity across the local landscape relating to commercial crime. Access to Afriwise helps you to proactively ensure your compliance with all AML and other commercial crime related obligations.
Afriwise connects organisations to outstanding quality and up-to-date legal, risk and business
information and local expertise for African countries. We give you deep understanding about African
markets, online, and help you proactively comply with local regulations.
Our award-winning solution offers an innovative way to source all the information you need to
identify and manage regulatory risk and avoid criminal liability and civil liability across various
African countries.
