The Financial Action Task Force ("FATF") is the global standard-setter on anti-money laundering ("AML"), countering terrorist financing ("CFT") and counter proliferation financing. FATF's standards, also referred to as...more
10/31/2023
/ AML/CFT ,
Anti-Money Laundering ,
Cross-Border Transactions ,
EU ,
FATF ,
Financial Institutions ,
Financial Transactions ,
Money Laundering ,
Popular ,
Terrorism Funding ,
Terrorist Financing Regulations
In February 2023, the Financial Action Task Force (“FATF”), the global standard-setter on Anti-Money Laundering policy, issued a report describing the financial crime risks in the art and antiquities market, as well as good...more
Firms that act as financial gate-keepers have obligations to report suspicions or knowledge of money laundering via Suspicious Activity Reports to the National Crime Agency ("NCA"). SARs have been filed for almost 20 years...more
Financial crime flourishes in a downturn, and the mining & metals sector is not immune to it. The sector faces a number of industry-specific risks, and will need to react to the ensuing likely surge in enforcement activity....more
9/27/2022
/ Bribery ,
Capital Markets ,
Corporate Counsel ,
Corporate Crimes ,
Disclosure ,
Enforcement Actions ,
Financial Crimes ,
Fraud ,
Metals ,
Mining ,
Risk Factors
Key considerations around bribery and corruption risks, as the mining & metals sector is gaining critical momentum in the world's energy transition toward a low-carbon future.
Mining & metals in a low-carbon world -
The...more
9/21/2021
/ Acquisitions ,
Bribery ,
Carbon Capture and Sequestration ,
Consumers ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corruption ,
Due Diligence ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
Green Energy ,
Investors ,
Lenders ,
Metals ,
Minerals ,
Mining ,
Risk Factors ,
Shareholders ,
Sustainability ,
Third-Party ,
UK ,
World Bank
In January 2018, UK law enforcement agencies were granted new powers to pursue the forfeiture of assets. Unexplained wealth orders ("UWOs") initially grabbed the media's attention, but the relative ease with which UK law...more