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Fighting evolving cybersecurity threats in Singapore: No letting the guard down

2020 saw an increase in cyber threats such as ransomware, phishing attacks and online scams

KYC Will Not Protect Us, Bitcoin and Encryption Will

As regulators attempt to institute KYC and AML rules at the peril of our personal data, Bitcoin and encryption offer salvation.

New anti-money laundering rules took effect in the UK last year – but are they being adhered to?

In June 2021 the government published a new AML risk assessment specifically for art-market participants to assist them in identifying the key risk indicators in their businesses.

STAR Trusts: The Grand Court interprets the meaning of the word 'obsolete' in the Cy-près doctrine

The Chief Justice's reasons for his decision provide helpful guidance to trustees and enforcers of STAR trusts

Clifford Chance launches inaugural Sustainable Development Goals Award, targeting environmental causes

Eligible organisations will be seeking to address any of a broad range of environmental issues

Hogan Lovells responds to the European Commission’s consultation on the AI Regulation

By delegating the requirement to specify the precise obligations that need to be complied with to the provider, the Commission is potentially creating a significant degree of uncertainty for users.

EU "Fit for 55" package

This a significant moment for the European Green Deal and the EU's efforts to lead on global climate diplomacy.

Onwards and upwards: lessons learned over the past year

In June, we presented ‘back to the office’, discussing the challenges of home working and the implications of returning to the office for charities that have been mainly based at home.

Are NFTs being used for money laundering? Yes they are, claims Mr. Whale

NFT’s could be a vehicle to legitimize ill-gotten gains for the crypto elite.

The fiendish new trick cyber-criminals are using to evade capture

"Follow the money" - for generations it's been the mantra of investigators looking for criminals.

Global enforcement outlook

Many jurisdictions have increased the legislative and investigative tools available to their enforcement agencies in recent years.

Can Code Be Law?

The term “smart contracts” was probably coined by Szabo with a definition in line with the one mentioned by Raskin.

Almost 60% of Guernsey islanders under 50 don’t have a will

Some of the barriers identified included cost, thinking they are too young to need one, lack of understanding of how to set one up and not having enough time.

Guernsey's local market housing boom - what does it really mean for first-time buyers?

This amounts to the largest annual rise in average property prices since 2008, and unofficial figures for 2021 show the local market median for the first quarter currently stands at a hefty £550,875 – all of which makes for discouraging readin

Navigating the complexities of 18f-4 compliance

The new implementation will allow for the use of derivatives, albeit with restrictions, new reporting capabilities and implementation of a more robust risk management framework.

Huawei CFO Makes Final Push Against U.S. Extradition

Meng Wanzhou’s defense lawyers argued that allowing her to face charges in New York would encourage improper demands by U.S. authorities.

How a convicted criminal can buy a famous English football club

The Magician” is Christopher Samuelson, a football dealmaker and offshore finance specialist.

UKSC sets out approach to determine the scope of a professional adviser’s duty in negligence: Manchester Building Society v Grant Thornton UK LLP

In the High Court the judge held that the losses were a result of the market and that GT could not be held liable for them.

High Court considers approach to sanctioning a banking business transfer scheme under Part 7 of FSMA

The provisions of section 111 of FSMA must be satisfied for the court to sanction the Scheme.

Investigation reveals how football can be used to launder money

The English Football League’s (EFL) Owners’ and Directors’ Test bars anybody who has an unspent criminal conviction with a sentence of more than 12 months from owning a club.

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