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Sullivan & Worcester

Irish Digital Firms Now on the Clock to Comply with Anti-Money Laundering Rules

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With the European Union’s (“EU”) focus on strengthening its rules to prevent money laundering and terrorism financing, Ireland recently joined the ranks of member states who incorporated the EU’s financial crime regulations...more

Society of Corporate Compliance and Ethics...

Cryptocurrency provider tightens compliance in face of widespread fraud

CEP Magazine (October 2020) - LocalBitcoins, a Finnish peer-to-peer bitcoin marketplace plagued by criminal transactions, has spent the past year bolstering its compliance functions after a study found that the marketplace...more

Dechert LLP

AML Update: New ICAV and Unit Trust Central Register of Beneficial Ownership Obligations in Ireland

Dechert LLP on

This OnPoint provides an overview of the long-awaited central register of beneficial ownership filing requirements for both ICAVs and Unit Trusts in Ireland together with an update on the specific issues related to...more

Ballard Spahr LLP

Using Art to Evade Sanctions and Launder Money: The Senate Report

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Is Art an “Ideal Playing Ground” for Money Laundering? Last week, the Permanent Subcommittee on Investigations for the U.S. Senate released a detailed, 147-page report titled “The Art Industry and U.S. Policies That...more

Jones Day

European Commission Proposes European AML Supervisor and Single Rulebook

Jones Day on

The Situation: The European Commission issued an Action Plan on Anti-Money Laundering/Combating the Financing of Terrorism ("AML/CFT") in response to recent money laundering scandals and concerns of an increase in crime due...more

A&O Shearman

EU Consultation on Revised Risk Factor Guidelines for Assessing Money Laundering Risks

A&O Shearman on

The European Banking Authority has launched a consultation on proposed revisions to the Risk Factor Guidelines for financial institutions to assess money laundering and terrorist financing risks. The proposed changes aim to...more

A&O Shearman

UK Joint Money Laundering Steering Group Proposes Amendments to Guidance

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The Joint Money Laundering Steering Group has opened a consultation on proposed amendments to its Guidance. The revisions to the Guidance are to account for changes introduced by The Money Laundering and Terrorist Financing...more

Sullivan & Worcester

Challenges facing trade and commodity finance in 2020

Sullivan & Worcester on

Sullivan Monthly Breakfast Seminar, 23 January 2020 - At Sullivan's January 2020 London Breakfast Briefing, Sam Fowler-Holmes provided an overview of key challenges facing the trade finance sector in 2020. From sanctions...more

Orrick, Herrington & Sutcliffe LLP

The implementation of the Fifth Anti Money Laundering Directive in German Law – Tighten the tight?

In the course of the “Panama Paper” scandal, Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing – known as 4. Anti-Money Laundering...more

Ballard Spahr LLP

The EU’s Efforts to Combat Money Laundering, the Financing of Terrorism and Corruption Seem to Overlook a Very American Approach:...

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The European Union (“EU”) recently has grappled with a series of massive money laundering scandals and strategized about how to more effectively combat international money laundering and corruption. Generally, the EU has...more

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