10/22/2021
Jurisdictions under Increased Monitoring - October 2021
The FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions, but encourages its members and all jurisdictions to take into account the information presented below in their risk analysis.
10/22/2021
Cyprus to Revoke 45 Golden Visas Issued Illegally
Because of obvious irregularities revealed by the media and the subsequent criticism by Brussels, it was terminated in 2020.
10/22/2021
CFTC Awards Nearly $200 Million To A Whistleblower - Largest Award To A Single Whistleblower
The whistleblower’s claim in connection with a third related action by a state regulator was denied because the whistleblower’s information was never shared with the state regulator.
10/22/2021
FATF Public Statement on Pandora Papers
The FATF has long warned of the dangers associated with networks of anonymous shell companies and legal arrangements.
10/21/2021
This announcement comes only a few months after the European Commission published its own comprehensive proposals for regulating AI technologies.
10/21/2021
While very flexible, the Law contains a certain number of restrictions that constituted an impediment to particular types of arrangements and structures.
10/21/2021
The English High Court interpreted the Italian Supreme Court decision as being based on principles of Italian contract law
10/21/2021
Financial regulation expert Andrew Barber of Pinsent Masons, the law firm behind Out-Law, said this suggested that the government considered the current voluntary contingent reimbursement model code for APP scams was not providing enough protection for cu
10/21/2021
A second round of guides to help financial firms manage climate-related financial risk has been published by the Climate Financial Risk Forum (CFRF).
10/21/2021
The new regulation replaces an earlier ordinance that was based on the 'comply or explain' principle and applied from 2013 to 2020
10/21/2021
This long-anticipated rule codifies several years of negotiations surrounding controls on “intrusion software” codified in the multilateral Wassenaar Arrangement
10/21/2021
A new EU regulation effective since October 2020 provides some additional guidance on the supranational level to promote harmonisation and cooperation between the EU member states.
10/20/2021
The TCFD also released new guidance for companies to disclose their plans for a net zero transition in line with the Paris Agreement, including disclosure of seven categories of cross-industry metrics like Scope 1, 2 and 3 GHG emissions
10/20/2021
Through a news report on the Norwegian national broadcaster, NRK, the Norwegian Data Protection Authority learned that Ferde AS transfers data related to vehicles passing through toll collection points to a data processor in China.
10/20/2021
This code will guide practitioners through the practical steps they need to take to share data while protecting people’s privacy. We hope to dispel many of the misunderstandings about data sharing along the way.
10/20/2021
FINMA’s investigation focused on how the bank managed and controlled observations, which can involve significant legal and reputational risks.
10/20/2021
Overall FINMA concludes that the Group’s risk management in connection with the Mozambique loans was seriously deficient.
10/20/2021
This Public Statement has been supplemented by specific guidelines issued by the Luxembourg Stock Exchange (LuxSE) in August 2021.
10/20/2021
A few days later the UK company set up a remuneration trust (the First trust) for the benefit of its employees excluding Mr and Mrs Bhaur, to be funded by the transfer of the beneficial interest in the properties.
10/20/2021
The Central Bank's approach in relation to cryptoassets will be kept under review