Legal Archives - Page 108 of 212

Standard Chartered facing court case

November 21, 2021

Standard was hit by a further £900million fine in April 2019 for breaching the sanctions after a US investigation found it had been dealing with Iranian, Cuban and Sudanese individuals and entities.

Legal

EU formally adopts public CbC reporting

November 19, 2021

Subsidiaries or branches below the revenue threshold also will be required to publish their tax information if they are deemed to exist only to help the group avoid the new reporting requirements.

Legal

HKMA takes disciplinary actions against four banks

November 19, 2021

In addition, all four banks contravened the requirement of establishing and maintaining effective procedures for carrying out their duties in relation to ongoing CDD under the AMLO,

Legal

Global Forum members continue multilateral efforts to advance transparency agenda and fight tax evasion

November 19, 2021

Celebrating 10 years of Global Forum capacity-building activities, members will also reflect on ensuring transparency and exchange of information benefit developing jurisdictions and help them in their fight against tax evasion and other illicit financial

Legal

Finma sanctions two private banks for 'seriously violating supervisory law'

November 18, 2021

FINMA opened enforcement proceedings against Banca Zarattini in August 2019 to investigate information it had received regarding possible violations of money-laundering rules.

Legal

Linlaters – Launching new resources on financial crime risks in the art market

November 17, 2021

Regulators in Europe have already taken notice

Legal

A Guide to Anti-Money Laundering for Digital Banks

November 17, 2021

Increased time spent living and working at home during the pandemic spurred many late adopters to embrace digital banking practically overnight.

Legal

Pandora Papers reveal Emirati royal families’ role in secret money flows

November 17, 2021

From skyscrapers rising in the desert to free-trade zones hawking gold and diamonds, the UAE is open for business. Sometimes that business involves shadowy companies and international crimes.

Legal

Bermuda to provide a new framework to obtain permanent residency

November 17, 2021

The changes come into force effective 1 December 2021 and the Department of Immigration will begin to accept applications for Permanent Resident Certificates (PRC) pursuant to the new provisions as of 1 January 2022.

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