Grassley: HSBC Should Face Criminal Charges
On June 15, the Council of the EU published a note (dated June 13, 2014) outlining the general approach of the Presidency of the Council of the EU to the proposed Fourth Money Laundering Directive (MLD 4).
On June 15,...more
Council of EU Agrees on General Approach on the Fourth Money Laundering Directive and Revised Wire Transfer Regulation -
On June 15, the Council of the EU published a note (dated June 13, 2014) outlining the general...more
In the wake of Morrison v. National Australia Bank Ltd., 130 S. Ct. 2869 (2010), a critical question has been whether a statute has extraterritorial reach. In Morrison the Court rejected a claim that Exchange Act Section...more
On March 3, the Council of the EU published a compromise proposal (dated January 28, 2014) on the European Commission’s proposed Directive on the prevention of the use of the financial system for the purpose of money...more
On January 7, the European Parliament published an opinion, written by its Committee on Legal Affairs (or JURI) relating to the Directive that is proposed to amend and replace the Third Money Laundering Directive (2005/60/EC)...more
On November 24, the Council of the European Union published a note (dated November 8, 2013) from the Council Presidency to Council Delegations which includes a UK issues paper on the fourth Money Laundering Directive (MLD4)....more
In This Issue:
- UK Court Proceedings & Enforcements Action
- International Enforcement Action
- Excerpt from UK: News: BENEFICIAL OWNERSHIP TO BE ON A PUBLIC...more
In a press release dated October 23, the European Parliament announced its adoption of the final report of the special committee (CRIM). The European Commission also published a press release welcoming the report....more
Overview of the top gambling regulatory developments in September.
Following Bulgaria’s publication of a blacklist of operators illegally targeting the jurisdiction in June 2013, the country issued...more
New paragraph 1-bis of article 23 of Legislative Decree 21 November 2007, no. 231 (the Italian anti-money laundering law), introduced by article 18 of Legislative Decree 19 September 2012, no. 169, provides that, in the event...more
On 1 September 2014, criminal liability of legal entities will be introduced in Ukraine. The President of Ukraine signed a relevant law, under which amendments to the Criminal Code and the Criminal Procedure Code of Ukraine...more
On 18 June 2013, the UK Government published a policy paper setting out the steps it proposes to take to implement the Financial Action Task Force’s revised standards on combating money laundering....more
This newsletter provides an overview of some of the main financial services regulatory developments in the UK and EU from the period 1 January 2013 to 1 June 2013.
Banking and Prudential Supervision Basel 3/Capital...more
Financial businesses operating in the European Union will need to consider implementing stricter anti-money-laundering and anti-terrorism-financing controls or face a potential fine of up to 10 percent of their annual...more
On February 5, the European Commission published two legislative proposals designed to reinforce the European Union’s existing rules on anti-money laundering and fund transfers....more
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