Ukraine: Shell Companies Face Scrutiny

On 3 April 2019 the National Bank of Ukraine ("NBU") unveiled the details for operation of current accounts by foreign companies in Ukrainian banks. The operation of such offshore accounts by foreign companies became...

Hong Kong: The Occupational Retirement Schemes (Amendment) Bill 2019

The Occupational Retirement Schemes (Amendment) Bill 2019 (“Amendment Bill”) was published in the Gazette on 4 April 2019. The Amendment Bill overhauls the regulatory regime of the Occupational Retirement Schemes Ordinance1 (ORSO) and prevents misuse of the occupational...

You’re Invited! 13th Annual Conference on Trends and Developments in Global Competition Law

We are pleased to invite you to the ICC-Baker McKenzie Thirteenth Annual Conference 2019 on "Trends and Developments in Global Competition Law", which will be held on Friday 7 June 2019 in Brussels.This year,...

UAE: New Health Data Law

On 6 February 2019, Federal Law No. 2 of 2019 was enacted in the UAE, which will regulate the collection, processing and transfer of electronic health data and may significantly impact healthcare service providers...

Thailand Cybersecurity Act Has Been Passed

Along with the Thailand Personal Data Protection Act (please see our previous client alert Get Ready: The First Thailand Personal Data Protection Act Has Been Passed), the Cybersecurity Act was also approved and endorsed...

Philippines: Revised Corporation Code is now in effect

Recent Developments On 20 February 2019, Philippine President Rodrigo Duterte signed into law Republic Act (RA) No. 11232 or the Revised Corporation Code of the Philippines (Revised Code). The Revised Code expressly repeals Batas Pambansa...

UAE Issues Cabinet Resolution Implementing the New AML Law

The AML Resolution introduces a number of significant enhancements to the UAE AML regime including:(a) the introduction of the "risk-based approach" to AML regulation, whereby FIs and DNFBPs are required to assess a client's money...

UAE: Strengthening Compliance Against Financial Crime: Recent Developments and Enforcement Trends in the UAE

Greater scrutiny into financial crimes The newly enacted Federal Law No. 20 of 2018 on Anti-Money Laundering Law (AML Law) contains important improvements over the prior legal framework to combat financial crimes. For the first...

Popular Articles