LATEST ARTICLES
British Virgin Islands
Conyers
In this review of taxation and the British Virgin Islands, Conyers Corporate Counsel Nicholas Kuria discusses some of the most commonly misunderstood notions relating to the use of offshore jurisdictions, with a focus on the BVI.
Egypt
Andersen in Egypt
يعد الامتثال لمكافحة غسل الأموال مجالًا ديناميكيًا ومليئًا بالتحديات ويتطلب يقظة
Mauritius
International Economics Consulting Ltd.
International trade transactions play a crucial role in the global economy, facilitating the exchange of goods and services across borders.
Appleby
The passing of the Mauritius Financial Crimes Commission Act on 21 December 2023 (the Act) marks a commendable and significant milestone in the country's ongoing efforts to combat financial crimes.
Nigeria
S.P.A. Ajibade & Co.
The Central Bank of Nigeria in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015...
Adeola Oyinlade & Co
Money laundering is the illegal concealing of money obtained from criminal or illicit activities with the purpose of appearing to have been gotten from a legitimate source.
AELEX
In pursuit of its goal to liberalize the Nigerian foreign exchange market, the Central Bank of Nigeria (CBN) issued the 'Guidelines for International Money Transfer Services ...
Duale Ovia & Alex-Adedipe
A New Regime For International Money Transfer Operator's License In Nigeria Introduction The Central Bank of Nigeria on January 31st 2024 released a revised guidelines for international money transfer services in Nigeria.
Udo Udoma & Belo-Osagie
The Central Bank of Nigeria ("CBN") issued the Guidelines on the Operation of Bank Accounts for Virtual Asset Service Providers ("VASPs") dated 22nd December, 2023 (the "Guidelines")...
Chris Ogunbanjo LP
When Binance launched in 2017, it grew rapidly and quickly became the largest cryptocurrency exchange in the world, albeit with a very significant amount of its customers coming from the United States of America.
South Africa
The Sovereign Group
The South African National Treasury reported on 29 February that while South Africa was on track to address all the outstanding action items required to be removed from the Financial Action Task Force's (FATF) grey list...
ENS
It has been just over a year since South Africa was placed on the Financial Action Task Force's ("FATF") greylist, following its failure to implement the recommendations...
The Sovereign Group
The South African government tabled the Tax Administration Laws Amendment (TALA) Bill in parliament on 1 November, when Finance Minister Enoch Godongwana delivered his Medium-term...
ENS
In 2021, the Financial Action Task Force ("FATF") released its Mutual Evaluation Report of South Africa, which contained an assessment of South Africa's effectiveness in combating money laundering and terrorism financing.
United Arab Emirates
Herbert Smith Freehills
On 23 February 2024, the United Arab Emirates (the UAE) was removed from the Financial Action Task Force (FATF) "grey list" after its introduction in 2022.
BSA Ahmad Bin Hezeem & Associates LLP
The United Arab Emirates (UAE) achieved a significant milestone on February 23, 2024, as it was removed from the Financial Action Task Force's (FATF) "Jurisdictions under Increased Monitoring" list...
Awatif Mohammad Shoqi Advocates & Legal Consultancy
In the dynamic world of finance, where businesses seek expert guidance on budgeting, debt management, and fundraising, financial advisors play an essential role.
The Sovereign Group
The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, confirmed on 27 October that the United Arab Emirates ...
Crowe
Central bank digital currencies (CBDCs) are a form of digital currency issued by a country's central bank. Countries like the USA are developing CBDCs and looking to provide legislation so as to help regulate these digital currencies.
BSA Ahmad Bin Hezeem & Associates LLP
In the context of the United Arab Emirates (UAE), the term "DNFBP" refers to Designated Non-Financial Business or Profession. DNFBPs are businesses or professions...
Mondaq Webinars
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.
Comparative Guides
Upcoming Events
Mondaq Advice Centres
