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Australia Withdraws Cartel Lawsuit Against Citi and Deutsche Bank

All proceedings have now been discontinued.

FCA orders investment platform to remove social media posts

Freetrade was founded in 2016 and offers commission-free stock trading as well as a Sipp and a stocks and shares Isa.

Corporate Criminal Liability for Failure to prevent Money Laundering

The Financial Action Task Force (FATF) Methodology requires jurisdictions to demonstrate that money laundering offences and activities are investigated, and offenders are prosecuted and subject to effective, proportionate, and dissuasive sanctions.

UK sits second in global money laundering rankings

France (£54.5bn), Germany (£51.3bn) and Canada (£25.6bn) also rank within the top five.

Mayer Brown advises ING Bank

The new credit facility will enable Axpo to diversify its financing structure and expand the sustainability component of its corporate financing.

Family Offices Say Disclosure Plan Invites Theft, Kidnapping

Many countries already mandate companies disclose beneficial owners and some, like the U.K., make the information public.

Financial Markets Regulatory Outlook 2022

New strategies for a changing world

Proposed Addition of the Cayman Islands to the EU’s High Risk Third Countries List (the “EU AML List”)

There was a 30-day scrutiny period within which the Council of the EU or the EU Parliament was permitted to object to this proposed revision of the EU AML List

How much will a Royal Will reveal? By Dhana Sabanathan, Private Wealth, Trusts & Tax Partner at Winckworth Sherwood

Whilst UK trusts are not made public, some disclosure may be required under HMRC’s trust register.

Assumptions to the draft of an act amending the Polish Labour Code

According to the Ministry's statement, the draft of an act will appear in Q2 of this year and both Directives should be implemented by early August 2022 at the latest.

CLO Migration from the Cayman Islands to Bermuda

Walkers has agreed an expedited process with the BMA allowing for same day consent to be granted with respect to the migration of any Cayman CLO vehicle.

Mercator : Key Regulatory Updates from 2021

Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.

Implications of the PRC Personal Information Protection Law for international financial institutions

This alert summarises some of the questions most frequently asked by our financial institution clients

2021 Capital Markets Union package: review of the ELTIF Regulation

The ELTIF qualifies as an alternative investment fund (AIF) that allows professional and retail investors across the European Union (EU) to invest in companies and projects that need long-term, stable capital.

Changes in the Italian Civil Code affecting the criteria for Italian Citizenship obtained by descent through the female line

All new applications submitted to the District Courts under the new law starting from 22 June 2022 will require careful scrutiny.

Enhancing the UK’s capital markets – The FCA’s role and priorities

Speech by Sarah Pritchard, Executive Director, Markets, to City & Financial Global – The Future of UK Financial Regulation Summit.

Commercial Agent Regulations: what do principals and agents need to know?

An Agent will usually have their existing contacts, local knowledge and experience from which the Principal can benefit and it can be a quick and relatively straightforward way for a Principal to develop business in territories where they want to expand.

Government Regulation