03/18/2022
(Not so) Unexplained Wealth Orders
This new provision to allow UWOs to be made against person who don’t actually hold the property is designed to prevent people hiding behind complex corporate structures.
03/18/2022
It said it “will encourage other public sector bodies to do the same”.
03/18/2022
This has inevitably led to the widening of circumstances in which such an order will be granted in Jersey.
03/18/2022
All BVI business companies must comply with the BVI Business Companies Act 2004 (as amended) (the BCA), which grants flexibility on how entities are governed.
03/18/2022
Analysis conducted in collaboration with UK Finance and The Payments Association urges fresh thinking about regulating payments in the growing digital economy.
03/18/2022
The hacks caused loss to the applicant, in part because it compensated the affected users and projects.
03/18/2022
The Thai Cabinet relaxed tax rules for digital asset investments on 8 March 2022 in a bid to promote Thailand’s growing crypto industry.
03/18/2022
A DAO is a Decentralised Autonomous Organisation formed using blockchain technology combining coins or tokens to raise funds and equity
03/17/2022
The Data Act also proposes important changes to make it easier to switch cloud services.
03/17/2022
The Council has also approved the Commission joining, on the EU’s behalf, a plurilateral statement on Russia’s actions in Ukraine
03/17/2022
The guidance also points to other resources, notably NCSC guidance.
03/17/2022
The LIBOR Act also includes language that modifies benchmark spread adjustments applicable to consumer loans for a one-year period.
03/17/2022
The purpose of the mechanism is to allow businesses to deal with just one data protection authority in relation to their EU operations, as opposed to DPAs across all EU member states.
03/17/2022
In what may ultimately be perceived as a strategic coup, the High Court grants VAGISAN a 3-week stay to facilitate rebranding pending the outcome of an application for permission to appeal
03/16/2022
UK regulators warn cryptoassets cannot be used to circumvent sanctions
Financial crime and intelligence expert Hinesh Shah of Pinsent Masons said the statement puts the cryptoasset industry on notice that UK regulators will act against sanction breaches, and that attempts by sanctioned parties to use cryptoassets to circumve
03/16/2022
Fast-changing sanctions environment poses risks for borrowers
Loan documents often contain more onerous sanctions provisions than those prescribed by government.
03/16/2022
This development comes a result of a reasoned opinion, addressed to Luxembourg by the EU Commission, in which it stated that it considers the list of financial undertakings within the meaning of ATAD 1 as a static one, which therefore cannot be extended t
03/16/2022
This move by the Government firmly slams the door shut.
03/16/2022
Ukraine: Talk of Full Confiscation Risks «Rule of Law»
The UK government is discussing whether to place refugees in the mansions of wealthy Russians, effectively confiscating them.
03/16/2022
Cyber Incident Reporting for Critical Infrastructure Act Signed Into US Law as Part of Omnibus Appropriations Legislation
The legislation also provides a suit dismissal provision associated with the new reporting requirements.