03/15/2022
Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations
China’s central bank found regulatory breaches and lapses during recent inspection of the ubiquitous payments network
Government Regulation
03/14/2022
Court dismisses FCA appeal on ipagoo and finds no trust in e-money regulations
E-money holders may not hold a proprietary interest in the relevant funds but they could still benefit from rights over the firm’s assets in priority to other creditors.
03/14/2022
Smart Working at the countdown: last ideas, tricks and questions in view of March 31st
Among the topics covered, the management of green passes and protocols, the transfer and delocalization, the right to disconnect and the conscious use of technological tools, the protection of the confidentiality of corporate information, the work-life ba
03/14/2022
Abramovich sanctions and Chelsea Q&A
Chelsea were not told about the sanctions or the terms of the licence before they were implemented.
03/14/2022
Irish commercial court ruling could make debt collection harder
Under Irish law, a judgment must generally be executed within six years of it being awarded
03/13/2022
JFSC: 386 new Russian sanctions designations have immediate effect
Due to the increasing volume of designations and their immediate effect in Jersey, we will now be flagging their source to Industry as soon as we become aware via our website and shared on our social media channels.
03/13/2022
Warning on illegal crypto ATMs operating in the UK
The judge concluded that there was a ‘lack of evidence as to how Gidiplus would undertake its business in a broadly compliant fashion’.
03/13/2022
Thematic examination: Anti-money laundering and countering the financing of terrorism business risk assessment and strategy
These businesses will be selected from the accountancy, legal and estate agency sectors.
03/13/2022
Financial Regulation Daily Update
The FCA provides an updated view
03/13/2022
War in Ukraine - Impact on contractual obligations
The war in Ukraine has led to a large volume of queries being received by our team of Defence lawyers. Some owners and operators have vessels currently at Ukrainian or Russian ports or bound for them whilstothers have concerns about whether they are contr
03/13/2022
White & Case to Close Moscow Office
After careful consideration, we have decided to close our Moscow office.
03/13/2022
Joint statement from UK financial regulatory authorities on sanctions and the cryptoasset sector
The FCA has already written to all registered cryptoasset firms and those holding temporary registration status to highlight the application of sanctions on various entities and individuals.
03/11/2022
Is the UK Government considering a visa ban on nationals of Russia and its allies?
A third reading of the bill will take place on Monday 14 March 2022, following which the bill could receive Royal Assent and become law in a matter of days.
03/11/2022
"Rescue" or "debtor-in-possession" finance in restructuring and insolvency – Cayman Islands
This was first published as the Cayman Islands Chapter in INSOL International's Comparative Review of Approaches to "Rescue" or "Debtor-In-Possession" Finance in Restructuring and Insolvency Regimes.
03/11/2022
FATF Public Statements
A copy of these documents has been uploaded on the FIAU’s website under ‘Country Statements’.
03/11/2022
DFSA censures Paymentology for disseminating misleading and deceptive information
The DFSA found that, in making these statements, Paymentology disseminated misleading or deceptive information in breach of DFSA administered legislation.
03/11/2022
Whistleblowing – Swiss Banks Under Pressure
Since then, the international media has been reporting extensively on the data, accusing Switzerland's second-largest bank of maintaining client relationships with criminals and corrupt government heads for decades.
03/11/2022
New UK energy security strategy expected
The UK is reconsidering how demand for energy should be met in the long-term after taking the first steps to phase out the importation of Russian hydrocarbons to the UK market in response to the war in Ukraine.
03/10/2022
China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad
Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad.
03/10/2022
Russian billionaire Roman Abramovich hit with sanctions by the UK
The UK becomes the first Western country to impose harsh sanctions on the Russian billionaire.