11/01/2021
The FATF standards require countries to assess and mitigate their risks associated with virtual asset financial activities and providers; license or register providers and subject them to supervision or monitoring by competent national authorities.
11/01/2021
Two multilateral instruments are still to be designed, signed and ratified before binding changes come into effect.
10/31/2021
The only things certain in life are death and taxes — and that applies to cryptocurrency tax in the UK, which is still being defined by the HMRC.
10/30/2021
While the scale of the problem is unknown, experts agree that a number of factors make the art and antiquities markets particularly susceptible to financial crime.
10/29/2021
The report notes that the outlook for financial stability continues to be dominated by the COVID-19 pandemic, with the recovery uneven across economies and sectors.
10/29/2021
Despite these efforts, de-risking and financial exclusion remain challenges for many sectors and run contrary to the RBA promoted by the FATF and core philosophy of the RBA.
10/29/2021
According to the NFT Report 2020, published by L’Atelier BNP Paribas and Nonfungible.com, the value of the NFT market grew by 299% in 2020.
10/29/2021
It also provides an overview of the legislative provisions that have been implemented in this period with a view to improving the Swiss toolkit for combating money laundering and terrorist financing.
10/29/2021
A ten-day hearing at the High Court before Mr Justice Moor will decide the payout for the princess and their two young children.
10/29/2021
While ESG funds screen out certain industries — such as arms and thermal coal — they do not necessarily have to exclude oil and gas, so long as companies in the sector are pursuing plans to reduce emissions.
10/28/2021
The guidance provides relevant examples and potential solutions to implementation obstacles.
10/28/2021
Doing so creates opportunities for UK companies and consumers, as well as helping address climate change.
10/28/2021
The majority of disclosures were received from employees and ex-employees (50.8%), however the proportion of reports from other sources (including Trustees) has increased.
10/25/2021
This is one of a glut of media revelations following a regulatory sanction for seven planned surveillance operations of current and former executives.
10/25/2021
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
Congress also increased penalties for violating the BSA.
10/25/2021
The agreement, if implemented, could increase the complexity of the international tax system. Pillar One requires new source rules and dispute resolution procedures specific to those MNEs subject to the special nexus rule.
10/24/2021
Understanding the application of the NYFCA to these types of claims requires more judicial guidance—and subtle aspects of recent decisions have the potential to shed new light on the application of the NYFCA to tax claims in court.
10/23/2021
Cryptoasset investment fraud: inside the investigation
Cases are on the rise and the value of misappropriated assets increasing.
10/22/2021
The U.S. lawyer says she is troubled by the pressure on compliance officials resulting from a weighty regulatory sanction over criminal wrong-doing in Mozambique.