British Virgin Islands
Harneys
On 9 February 2024, the BVI Financial Investigation Agency (FIA) issued an updated Money Laundering Reporting Officer (MLRO) Notification Form. The updated form must be used by relevant...
Maples Group
Pursuant to section 45(1)(b)(ii) of the Regulatory Code, Licensees are required to submit an annual compliance report to the Financial Services Commission (the "Commission") in the prescribed form.
Bulgaria
Eurofast
On February 16, 2024, the Bulgarian State Gazette published Ordinance No. H-1, issued on February 6, 2024, which delineates the requirements for inclusion in a Public Register administered...
Canada
McCarthy Tétrault LLP
With the legal and business landscapes rapidly evolving over the last year, McCarthy Tétrault's 2024 Outlook Series looks at the latest developments across key industries that will affect your business in 2024...
Borden Ladner Gervais LLP
In light of online gambling's evolution and the increased money laundering risks associated with it, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)...
Gardiner Roberts LLP
Money laundering is the concealment of the origins of illegally obtained money and disguising them as financial assets, such as real estate and mortgage transactions...
Cayman Islands
Conyers
For general information on the Securities Investment Business Act ("SIBA"), see our publication Securities Investment Business in the Cayman Islands.
Appleby
This update takes a look back at the key legal and regulatory developments which occurred during 2023. It also considers key legal and regulatory developments which will affect persons...
Conyers
This publication has been prepared for the assistance of those who are considering the formation of a mutual fund in the Cayman Islands. It deals in broad terms with the requirements...
Cyprus
KPMG in Cyprus
In a world of increased globalisation, regulation continues to be a key driver of the strategic agenda for financial services firms.
France
Haas Avocats
Jeudi 15 février 2024 s'est tenu le vote relatif au futur siège de l'AMLA, la nouvelle autorité de lutte contre le blanchiment de capitaux et le financement du terrorisme (LCB-FT).
India
Economic Laws Practice
The intertwining domains of the Prevention of Money Laundering Act, 2002 (PMLA), and the Insolvency and Bankruptcy Code, 2016 (IBC) add toIndia's complex legal landscape.
Nexdigm Private Limited
Entities such as companies, trusts, foundations, partnerships, and other types of legal persons and arrangements conduct a wide variety of commercial activities.
S.S. Rana & Co. Advocates
In a significant move, the Reserve Bank of India (RBI) has recently imposed strict restrictions on Paytm Payments Bank, raising concerns about regulatory compliance and breaches of norms.
Ireland
Matheson
On 7 February 2024, Deputy Governor of the Central Bank of Ireland, Sharon Donnery, gave remarks on "Innovation and Trust – Regulating in the interests of us all".
Luxembourg
CMS Luxembourg
Political agreements have now been reached on the remaining texts of the AML/CTF Package: the new AML/CTF directive ("AMLD"), AML/CTF regulation...
Arendt & Medernach
In the wake of the announcements from both the EU Parliament and the Council, the political agreements on the AML/CFT Package have now been disclosed.
CMS Luxembourg
On 7 February 2024, the Luxembourg supervisory authority for the financial sector (Commission de Surveillance du Secteur Financier, "CSSF")...
Malta
Finance Malta
The AMLR shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply for 3 years...
Finance Malta
This time, we'd like to touch upon an essential topic like the client onboarding process. The topic is very relevant, as there is still a belief that setting up a company or carrying out an audit...