Russia: Liberalization of Currency Control Regulations

From 1 January 2020 Russia is abolishing all currency control restrictions on payment of funds by non-residents to bank accounts of Russian residents opened...

Singapore: AML/CFT Code of Practice for Crypto-Firms in Singapore

The Association of Cryptocurrency Enterprises and Start-ups, Singapore ("ACCESS"), as part of its Standardisation of Practice In Crypto Entities initiative for the digital asset industry,...

Mexico: Anti-money laundering regularization program

On April 16th, 2019, the General Guidelines applicable to the regularization program related to the compliance of the obligations set forth under article 18...

Mexico: Voluntary Disclosure and Amnesty Program Related to the Obligations Established Under the Federal...

The Mexican Federal Revenue Law for the Fiscal Year 2019 (“FRL”) sets forth a voluntary disclosure/amnesty program for persons under the scope of the...

Mexico: AML Regularization Program

On April 16th, 2019, the General Guidelines applicable to the regularization program related to the compliance of the obligations set forth under article 18...

New EU Rules on AML Group-Wide Policies Effective From 3 September 2019

What are the new requirements and when do they apply? The European Commission has published new regulatory technical standards that apply specifically to credit and...

South Africa: Redesigning Legal Services in Africa

Investors in Africa face an increasingly complex business environment, with numerous geopolitical and economic risks to consider, as well as having to comply with...

The Luxembourg Register of Beneficial Owners: New Transparency Obligations for Registered Entities

The law establishing a Register of Beneficial Owners for Luxembourg-registered entities came into force as of 1 March 2019. The beneficial ownership register is...

South Africa: Amendments to the Financial Intelligence Centre Act Become Effective

The Financial Intelligence Centre Act of 2001 ("FICA") was amended by the Financial Intelligence Centre Amendment Act of 2017 (the "Amendment"), which provided for...

Singapore: Harsher Penalties for Offences Under the Corruption, Drug Trafficking and Other Serious Crimes

Recent amendments to the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap. 65A) (the "CDSA") took effect  on 1 April...

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