03/11/2022
FATF Public Statements
A copy of these documents has been uploaded on the FIAU’s website under ‘Country Statements’.
Government Regulation
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.
03/10/2022
Update on the UK’s Qualifying Asset Holding Companies Regime
Many clients are therefore considering the potential costs and benefits of relocating companies to the UK under the regime.
03/10/2022
Vietnam’s Personal Data Protection Decree Moves One Step Closer to Promulgation
Moreover, under Resolution 27, the MPS is assigned to preside over and coordinate with the Ministry of Justice in researching and proposing the development of a Law on Personal Data Protection
03/10/2022
UK Prospectus Regime set for significant overhaul and reform
The FCA will be given greater powers to determine the requirements for prospectuses, including having flexibility to set the content of the prospectus and the freedom to scrap the requirement for a prospectus for further issues.
03/10/2022
Are you ready to meet SFDR annual reporting requirements?
While the application date of the RTS has been pushed back to 1 January 2023, market participants must still make best-effort disclosures in their 2022 annual reporting.
03/10/2022
More Cookie Banners to go: Second wave of complaints underway
In an obvious "spill over" effect, even websites that were not targeted by noyb have changed for the better.
03/10/2022
SEC Proposes Amendments That Would Place New Cybersecurity Reporting and Disclosure Requirements on Public Companies
The comment period for this proposal is open to the public until the later of May 9, 2022, or 30 days after publication in the Federal Register.
03/10/2022
New rules boost Dubai’s international arbitration credentials
The new rules will take effect on 21 March 2022 and will replace rules which have been in place since 2007.
03/10/2022
EU Data Act: new rules for data exchanges between businesses, users and third parties
Data generated by using online or mobile services are of equal economic value, for example data from any app using location data.
03/10/2022
DFSA decisions to penalise Dalma Capital Management
Both Dalma and Mr Cefaratti dispute the DFSA’s findings and have referred the Decision Notices to the Financial Markets Tribunal
03/09/2022
Data management for regulatory reporting: Key themes, challenges and solutions for 2022
To prevent this issue, regulators now want to engage in open dialogue and collaboration with the firms they oversee to ensure compliance.
03/09/2022
EU Data Act: new rules for data exchanges between businesses, users and third parties
The Commission said it expects the new rules to add €270 billion to the EU's gross domestic product by 2028.
03/09/2022
Russian Sanctions - Navigating the new UK and EU measures
We provide a general overview of how sanctions regimes work in one of our previous articles.
03/08/2022
Beneficial ownership register for overseas owners of UK Land
The plans had been on ice since 2018
03/08/2022
Ensuring UK landfill tax continues to meet its environmental objectives
Wet size-screening actively encourages the recycling of a significant proportion of material which would otherwise be destined for landfill.