Mondaq All Regions: Government, Public Sector > Money Laundering
Elias Neocleous & Co LLC
Under the current legal framework in Cyprus, shares can be held through nominees, which can be either individuals or entities, in trust for the beneficial owner of the shares without public disclosure of the ultimate owner's identity.
C.Savva & Associates Ltd
Member States may decide that obliged entities are responsible for filling in the register.
Elias Neocleous & Co LLC
The US Department of Treasury Assistant Secretary for Terrorist Financing, Marshall Billingslea, visited Cyprus 18 & 19 April "to ensure that Cyprus has a strong and healthy financial sector"
Rahman Ravelli Solicitors
The money laundering scandal at Danske Bank's Estonian branch has led to swift action by the Danish regulators and ten people being charged.
Elias Neocleous & Co LLC
The report acknowledges the exit taxation rules adopted by the EU in the ATAD I and the implementation of the BEPS action plan.
Appleby
The revised Handbook on Countering Financial Crime and Terrorist Financing (Handbook), issued by the Guernsey Financial Services Commission (GFSC), came into operation on Monday 1 April 2019.
Vaish Associates Advocates
That the Hon'ble Supreme Court in the case of Nikesh Tarachand Shah vs. Union of India & Anr., Writ Petition (Criminal) No. 67 OF 2017, had struck down Section 45(1) of the Prevention of Money Laundering Act, 2002 ...
Arendt & Medernach
On 12 April 2019, the CSSF released its Circular letter 19/716 on the provision in Luxembourg of investment services or performance of investment activities and ancillary services
Chevalier & Sciales
On 13 January 2019 the Luxembourg parliament adopted a new law relating to the register of beneficial owners (hereafter the "Law").
Squire Patton Boggs LLP
The FIC's publication encourages those dealing in South African real estate to be aware of money laundering relating to the sector.
Dechert
Dechert Senior Associate, Timothy Bowden, has contributed to a mini-roundtable hosted by Risk and Compliance discussing trends in anti-money laundering compliance regimes.
WilmerHale
Speaking at the Global Investigations Review Live event in London on 4th April, Mark Steward, Director of Enforcement and Market Oversight at the UK Financial Conduct Authority, addressed the audience on three subjects: ...
Duff and Phelps
In this edition of Regulatory Focus, the experts in Duff & Phelps' UK Compliance and Regulatory Consulting team, provide a detailed synopsis of the latest news and publications issued by the Financial Conduct Authority during March 2019.
BCL Solicitors LLP
The last decade or so has seen the job of detecting financial crime in the UK increasingly outsourced to businesses and professionals in the private sector.
Cadwalader, Wickersham & Taft LLP
A broker-dealer agreed to settle FINRA charges for failing to conduct an independent test of its anti-money laundering ("AML") compliance program, in violation rules.
Morrison & Foerster LLP
On April 18, 2019, the FinCEN issued a press release announcing a civil money penalty for violations of the BSA AML compliance program requirements against Eric Powers...
Morrison & Foerster LLP
In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month,
Cadwalader, Wickersham & Taft LLP
A virtual currency "exchanger" consented to a Financial Crimes Enforcement Network ("FinCEN") penalty for violations of the Bank Secrecy Act and anti-money laundering ("AML") regulations.
BakerHostetler
Two Romanian cybercriminals were convicted in Ohio on 21 felony counts related to the infecting of 40,000 computers with malware to steal credit card and other information to sell on the dark web.
Wilson Elser Moskowitz Edelman & Dicker LLP
The following are summaries of news reports (hyperlinked below) pertaining to art law and art markets, separated by geographic regions for your browsing convenience.
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BCL Solicitors LLP
The last decade or so has seen the job of detecting financial crime in the UK increasingly outsourced to businesses and professionals in the private sector.
ELIG Gürkaynak Attorneys-at-Law
In this article, our aim is to reveal the scope and the significance of developing and establishing AML compliance program in Turkey
Duff and Phelps
In this edition of Regulatory Focus, the experts in Duff & Phelps' UK Compliance and Regulatory Consulting team, provide a detailed synopsis of the latest news and publications issued by the Financial Conduct Authority during March 2019.
Playbell & Co
On the 02 November 2018 the Central Bank of Cyprus issued a circular to all credit institutions under its supervision revising the definition of "shell companies"...
BCL Solicitors LLP
The so-called "Troika Laundromat" fraud, uncovered after one of the largest banking information leaks ever, highlights the ever-growing importance for those within the regulated sector to implement robust CDD policies...
Morrison & Foerster LLP
In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month,
TMF Group
Mexico has a history of being a very complex country for compliance due to accounting and legal regulations.
Cadwalader, Wickersham & Taft LLP
Will 2019 be the year that federal lawmakers block U.S. law enforcement and regulatory agencies from enforcing marijuana prohibitions in states where marijuana is legal
Carey
Law No. 21,121 (the "Law"), which came into force on November 20, 2018, amends the Criminal Code, Law No. 20,393 on Criminal Liability of Legal Entities ...
Vaish Associates Advocates
Directorate of Enforcement is a multi-disciplinary organization mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 and Prevention of Money Laundering Act, 2002.
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