GETTING THROUGH THE DEAL Anti-Corruption Regulation Anti-Corruption Regulation Regulation Anti-Corruption Contributing editor Homer E Moyer Jr 2019 2019 © 2019 Law Business Research Ltd Anti-Corruption Regulation 2019 Contributing editor Homer E Moyer Jr Miller & Chevalier Chartered Reproduced with permission from Law Business Research Ltd This article was first published in February 2019 For further information please contact [email protected] Publisher Law The information provided in this publication is Tom Barnes general and may not apply in a specific situation. [email protected] Business Legal advice should always be sought before taking Research any legal action based on the information provided. Subscriptions This information is not intended to create, nor does Claire Bagnall Published by receipt of it constitute, a lawyer–client relationship. [email protected] Law Business Research Ltd The publishers and authors accept no responsibility 87 Lancaster Road for any acts or omissions contained herein. The Senior business development managers London, W11 1QQ, UK information provided was verified between Adam Sargent Tel: +44 20 3780 4147 November 2018 and January 2019. Be advised that [email protected] Fax: +44 20 7229 6910 this is a developing area. Dan White © Law Business Research Ltd 2019 [email protected] No photocopying without a CLA licence. Printed and distributed by First published 2007 Encompass Print Solutions Thirteenth edition Tel: 0844 2480 112 ISBN 978-1-912228-90-4 © 2019 Law Business Research Ltd CONTENTS Global overview 5 Japan 73 Homer E Moyer Jr Yoshihiro Kai Miller & Chevalier Chartered Anderson Mōri & Tomotsune Combating corruption in the banking industry – the Indian Korea 79 experience 11 Seung Ho Lee, Samuel Nam and Hee Won (Marina) Moon Aditya Vikram Bhat and Shwetank Ginodia Kim & Chang AZB & Partners Liechtenstein 85 Independent certification of compliance and anti-bribery Siegbert A Lampert management systems 13 Lampert & Partner Attorneys at Law Ltd Daniel Lucien Bühr Lalive Mexico 90 Luis F Ortiz, Luis A Amador, Eduardo Poblete Armenia 14 and Isabela Echavarría Narine Beglaryan and Hovhannes Khudoyan Gonzalez Calvillo Concern Dialog Law Firm Norway 95 Brazil 19 Vibeke Bisschop-Mørland and Henrik Dagestad Renato Sobrosa Cordeiro, João A Accioly, Pedro Demori and Liana BDO AS Sobrosa Sobrosa & Accioly Advocacia Singapore 100 Wilson Ang and Jeremy Lua Canada 25 Norton Rose Fulbright (Asia) LLP Milos Barutciski Borden Ladner Gervais LLP Sweden 111 Hans Strandberg, Olle Kullinger and Carl-Johan Allansson France 34 Nordia Law Kiril Bougartchev, Emmanuel Moyne, Sébastien Muratyan and Nathan Morin Switzerland 115 Bougartchev Moyne Associés AARPI Daniel Lucien Bühr and Marc Henzelin Lalive Germany 41 Sabine Stetter and Stephan Ludwig Turkey 122 Stetter Rechtsanwälte Gönenç Gürkaynak and Ceren Yıldız ELIG Gürkaynak Attorneys-at-Law Greece 45 Ilias G Anagnostopoulos and Jerina (Gerasimoula) Zapanti United Arab Emirates 129 Anagnostopoulos Criminal Law & Litigation Charles Laubach and Zahra Zaidi Afridi & Angell India 50 Aditya Vikram Bhat and Shwetank Ginodia United Kingdom 138 AZB & Partners Caroline Day and Áine Kervick Kingsley Napley LLP Ireland 59 Claire McLoughlin, Karen Reynolds and Ciara Dunny United States 150 Matheson Homer E Moyer Jr, James G Tillen, Marc Alain Bohn and Amelia Hairston-Porter Italy 66 Miller & Chevalier Chartered Roberto Pisano Studio Legale Pisano 2 Getting the Deal Through – Anti-Corruption Regulation 2019 © 2019 Law Business Research Ltd PREFACE Preface Anti-Corruption Regulation 2019 Thirteenth edition Getting the Deal Through is delighted to publish the thirteenth edition of Anti-Corruption Regulation, which is available in print, as an e-book and online at www.gettingthedealthrough.com. Getting the Deal Through provides international expert analysis in key areas of law, practice and regulation for corporate counsel, cross- border legal practitioners, and company directors and officers. Throughout this edition, and following the unique Getting the Deal Through format, the same key questions are answered by leading practitioners in each of the jurisdictions featured. Our coverage this year includes new chapters on Armenia and Sweden. Getting the Deal Through titles are published annually in print. Please ensure you are referring to the latest edition or to the online version at www.gettingthedealthrough.com. Every effort has been made to cover all matters of concern to readers. However, specific legal advice should always be sought from experienced local advisers. Getting the Deal Through gratefully acknowledges the efforts of all the contributors to this volume, who were chosen for their recognised expertise. We also extend special thanks to the contributing editor, Homer E Moyer Jr of Miller & Chevalier Chartered, for his continued assistance with this volume. London January 2019 www.gettingthedealthrough.com 3 © 2019 Law Business Research Ltd TURKEY ELIG Gürkaynak Attorneys-at-Law Turkey Gönenç Gürkaynak and Ceren Yıldız ELIG Gürkaynak Attorneys-at-Law 1 International anti-corruption conventions • Law No. 3,628 on Declaration of Property and Fight Against Bribery To which international anti-corruption conventions is your and Corruption; • Regulation No. 90/748 on Declaration of Property (Regulation country a signatory? No. 90/748); Turkey is a signatory to or has ratified the following European and inter- • Law No. 5,326 on Misdemeanours; and national anti-corruption conventions. • the Regulation on Ethical Principles for Public Officers and Procedures and Principles for Application (published in the Council of Europe Official Gazette No. 25,785 of 13 April 2005) (the Regulation on • The Council of Europe Criminal Law Convention on Corruption Ethical Principles). of 27 January 1999 (signed 27 September 2001; ratified 29 March 2004); Foreign bribery • the Council of Europe Civil Law Convention on Corruption 3 Legal framework of 4 November 1999 (signed 27 September 2001; ratified 17 September 2003); and Describe the elements of the law prohibiting bribery of a • the Council of Europe Convention on Laundering, Search, Seizure foreign public official. and Confiscation of the Proceeds from Crime and on the Financing Prior to 2003, bribing foreign public officials was not considered a of Terrorism of 8 November 1990 (signed 28 March 2007; ratified crime in Turkish law. In 2003, Turkish Criminal Code No. 765 (the for- 18 February 2016). mer Criminal Code) was amended so that offering, promising or giving advantages to foreign public officials or officials who perform a duty of International an international nature, in order that the official ‘act or refrain from act- • The Organisation for Economic Co-operation and Development ing or to obtain or retain business in the conduct of international busi- (OECD) Convention on Combating Bribery of Foreign Public ness’ was also considered bribery (Law No. 4,782 on Amending Certain Officials in International Business Transactions, 17 December 1997 Laws for Combating Bribery of Foreign Public Officials in International (including OECD Recommendation for Further Combating Bribery Business Transactions). of Foreign Public Officials in International Business Transactions) The provision regulating bribery in the Criminal Code (article 252) (signed 17 December 1997; ratified 26 July 2000); was amended in July 2012 so as to broaden the scope of this amend- • the United Nations Convention against Transnational Organized ment. The provision now provides that bribery is committed if a ben- Crime, 15 November 2000 (signed 13 December 2000; ratified efit is provided, offered or promised directly or via intermediaries, or 25 March 2003); and if the respective individuals request or accept such benefit directly or • the United Nations Convention against Corruption, 31 October 2003 via intermediaries (both of which would be in relation to the execution (signed 10 December 2003; ratified 9 November 2006). of that individual’s duty to perform or not to perform) (article 252(9), Criminal Code): In addition to multilateral treaties, Turkey has also been a member of • to obtain or preserve a task or an illegal benefit due to international the Group of States against Corruption (GRECO) since 1 January 2004, commercial transactions to public officials who have been elected the Financial Action Task Force since 1991 and the OECD Working or appointed in a foreign country; Group on Bribery. • judges, jury members or other officials who work at international or supranational courts or foreign state courts; 2 Foreign and domestic bribery laws • members of the international or supranational parliaments; indi- Identify and describe your national laws and regulations viduals who carry out a public duty for a foreign country, including prohibiting bribery of foreign public officials (foreign bribery public institutions or public enterprises; laws) and domestic public officials (domestic bribery laws). • a citizen or foreign arbitrators who have been entrusted with a task within the arbitration procedure resorted to in order to resolve a The main legislation applying to acts of corruption is the Turkish legal dispute; and Criminal Code No. 5,237 (the Criminal Code), which entered into force • officials or representatives working at international or suprana- on 1 June 2005 and which prohibits bribery, malversation, malfeasance tional organisations that have been established based on