05/05/2021
In addition, the recently enacted Anti-Money Laundering Act of 2020 (AMLA), among other things, gives FinCEN additional information collection tools and establishes an important role for technology and innovation in enhancing financial institutions’
05/05/2021
Changes to penalties for criminal market abuse bring the maximum prison sentence in line with that for other economic crimes such as money laundering and bribery offences.
05/05/2021
The fact that the limitation period on the underlying matter of complaint has expired is a material, and often a very material, factor.
05/05/2021
To facilitate corroboration, compliance professionals should confirm their policies and procedures regarding customer identification, specify if there exists any inherent risks
05/05/2021
Other jurisdictions, notably the US, have recently seen evolution and significant growth in this sector, with larger-scale SPACs
05/05/2021
It is therefore timely to consider the conflict between parties' contractual rights to arbitrate and their statutory rights to present a winding up petition and how a balance can be struck when determining which should prevail.
05/05/2021
It also mentions recent developments in appealing judgments of the Guernsey Court of Appeal to the Judicial Committee of the Privy Council.
05/04/2021
Although remuneration applications made by Cayman Islands insolvency office holders are a statutory requirement and therefore commonplace in the Grand Court
05/04/2021
Sanctions can include trade sanctions, travel bans, transport sanctions and financial sanctions.
05/04/2021
Riad Salameh has been accused of fraudulently amassing a large fortune in Europe
05/04/2021
The market for climate and socially conscious investment has huge potential, with investment in ESG-oriented funds topping US$1 trillion this year.
05/03/2021
Bermuda’s Government has nevertheless committed to pressing forward with the legislation.
05/03/2021
The recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) are voluntary, but are fast gaining traction within sustainability/ESG policy and regulation
04/30/2021
These Cyber Coordination Groups (CCGs) have aimed to help firms share knowledge and discuss good practices in protecting themselves from cyber threats.
04/30/2021
Under current law, the US does not generally impose capital gains tax on appreciated assets when people die or make lifetime gifts.
04/30/2021
The provider’s responsibility extended only as far as providing information about the SIPP – the kind of advice that Mr N appeared to have expected went beyond the role of an administrator.
04/30/2021
The guidelines are set to be published on the NAMLCFTC and other regulatory bodies’ websites, to increase knowledge of the rules and ensure action by licensed entities.
04/30/2021
The AI Regulation also contains future-proofing provisions allowing for additions and/or expansions to these categories, and the examples contained within them, to cover emerging uses and applications of AI.
04/30/2021
While some teething problems may be expected, the TCA gives agencies broad powers to obtain one-off binding requests for documents, records of witness interrogations by the police and formal court testimony from abroad.
04/30/2021
Therefore, the option to register a PIF in exactly the same way as one does today will remain.