Through Compliance Rectification, JunHe has Successfully Assisted in m88 sport betting app Non-Prosecution of An Enterprise Suspected of Money Laundering

Since 2023, JunHe’s compliance rectification team has been assisting an enterprise suspected of money laundering in Shanghai. Recently, m88 sport betting app enterprise was declared to be in compliance and a People's Procuratorate of Guangdong Province decided not to prosecute m88 sport betting app enterprise and its principal officers. This is a rare case of obtaining m88 sport betting app non-prosecution of an enterprise through successful cross-regional compliance rectification.

m88 sport betting app company is a leading high-tech enterprise in m88 sport betting app field of big data application and big data infrastructure. From 2018 to 2021, in order to maintain customer relations, it accepted m88 sport betting app instructions of a senior executive of a state-owned enterprise and adopted a method of fictitious transactions to assist m88 sport betting app executive in transferring embezzlement proceeds. In July 2022, upon evidence from m88 sport betting app Supervisory Commission, m88 sport betting app Guangdong police filed a criminal case for suspected money laundering against m88 sport betting app principal officers and m88 sport betting app project supervisor of m88 sport betting app company and implemented pre-trial measures, including detention and arrest. In February 2023, m88 sport betting app case was transferred to m88 sport betting app procuratorial authorities for review and prosecution. m88 sport betting app company involved in m88 sport betting app case requested non-prosecution through compliance rectification and engaged JunHe’s Shanghai office to undertake m88 sport betting app work.

JunHe’s team submitted a customized compliance rectification plan to the authorities. In September 2023, the Procuratorate served the Decision on Enterprise Compliance Supervision and Inspection to the client, selecting third-party supervisors to supervise and manage the compliance rectification work for three months. Given the tight schedule and according to the regulatory documents and the inspection requirements of the procuratorate and the third-party supervisors, JunHe investigated the causes of the crime, examined and remedied any deficiencies, developed a specific plan and assisted the company to implement it. This included the establishment of a compliance management organizational system, the establishment of a compliance policy system, the implementation of compliance systems and measures, the development of a compliance culture, and testing the effectiveness of the compliance rectification. JunHe carried out meticulous work in building rectification teams, reviewed and revised institutional documents, conducted employee interviews and staff legal training and maintained work accounts. JunHe communicated with the enterprise involved in the case, the third-party supervisors and the procuratorate who were all located in different areas. They coordinated with all parties to help the enterprise overcome difficulties in the rectification process and successfully pass the mid-term evaluation and the inspection & acceptance hearing. Recently, the procuratorial authorities announced that the company had obtained compliance through rectification, and they had decided not to prosecute the enterprise and the principal officers according to the law.

JunHe pays close attention to m88 sport betting app latest developments in m88 sport betting app criminal justice system. We apply a variety of solutions, including third-party mechanisms, to assist clients in resolving criminal risks and provide strong support for a company's restoration to healthy operations. m88 sport betting app team's expertise, good communication skills and rigorous work attitude in this case were highly praised by m88 sport betting app client and all parties.

m88 sport betting app lead partner in this case was Mr.M88 app 君合法评,君合人文,京公网安备11010102005423号, and m88 sport betting app acting partner was Mr. ZHENG Yu. Mr.NI, Tianling (Carey Nee)also provided strong support in m88 sport betting app case.