10/28/2021
UK Budget 2021: Comments on the Government's infrastructure spending plans
A budget to deliver an infrastructure revolution?
Government Regulation
10/27/2021
Mauritius Exits the grey list of the Financial Action Task Force
Appleby Mauritius in a concerted effort with the various regulators which included amongst others the Attorney General’s Office, The Financial Intelligence Unit, the Financial Services Commission and the Bank of Mauritius actively participated in fu
10/26/2021
Coronavirus and rent enforcement in England and Wales
The courts are prioritising the most serious cases such as where there are allegations of fraud, or alleged arrears equal to at least 12 months’ rent.
10/26/2021
US Treasury guidance sets out sanctions compliance duties for virtual currency industry
The sanctions compliance guidance (28 page / 2.13MB PDF) reminds the industry that compliance obligations apply equally to transactions involving virtual currencies and those involving fiat currency.
10/26/2021
Cayman Islands to introduce a dedicated 'restructuring officer'
Under the Amendment Bill, the filing of a petition for the appointment of a restructuring officer would trigger an automatic global moratorium on claims against the company, giving it the opportunity to seek to implement a restructuring.
10/26/2021
Daily Legal Update
New rules, in force on 15 November
10/25/2021
Extension to Global Citizen Concierge Program
The annual fees are relatively low and a successful applicant will pay US$1,500 per annum for their Certificate (a fee which includes one dependant), with fees of US$500 for each additional dependant.
10/25/2021
The Anti-Money Laundering Act of 2020
Congress also increased penalties for violating the BSA.
10/25/2021
DFSA introduces regulatory framework for Investment Tokens
Forms the first of two phases of the DFSA's Digital Assets regime
10/25/2021
Extension to Global Citizen Concierge Program
The annual fees are relatively low and a successful applicant will pay US$1,500 per annum for their Certificate (a fee which includes one dependant), with fees of US$500 for each additional dependant.
10/25/2021
Revision of fiduciary regulatory legislation
The New Fiduciary Law will be complemented by revised rules, codes and guidance coming into force on the same day
10/25/2021
Design in haste, repent at leisure
The news that just hours after it was launched, a security flaw was discovered in Jersey's digital covid-19 certificate is disappointing but probably not surprising.
10/25/2021
Daily Legal Update
Fully vaccinated passengers and most under 18s arriving from non red-list countries can use a lateral flow test on or before day two of their arrival in England.
10/24/2021
Investment Firms Prudential Regime final rules published
It will refocus requirements and expectations away from the risks that firms face, to also consider and look to manage the potential harm firms can pose to consumers and markets.
10/22/2021
The Ministry of Finance announces new measures to attract foreign investment and enhance business activity in Cyprus
The permits will be issued immediately within one month and will have a duration of up to three years.
10/22/2021
Changes to SPACs regulation will impact European tech M&A
That is changing, though, with several countries, including the UK, embracing reform in the hope of encouraging greater investment to enable innovative businesses to grow.
10/22/2021
Dutch regulatory authorities strengthen cooperation over regulation of digital activities
The AP also announced that the four authorities will jointly invest in knowledge, expertise and skills and will explore if they can support each other, for example by tackling problems in the digital market together.
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.