In our previous client alert published in November 2018, we covered the 2018 special voluntary disclosure programme ("SVDP") which was announced during the Budget...
Starting from 7 February 2019, any foreign legal entity will be able to open a current account in Ukraine, both in UAH and in...
Snapshot: The happeningsThailand has committed to new global regimes on exchanges of financial information among multiple jurisdictions by joining the Global Forum on Transparency...
Portugal: Legal Regime on the Beneficial Ownership Central Register – Implementation Ministerial Order
In Portugal, the Ministerial Order 233/2018, which regulates the Legal Regime on the Beneficial Ownership Central Register, was issued.
New Ecuadorean resolutions establish mandatory compliance programs for financial institutions and insurance companies
The Ecuadorean authorities have issued mandatory resolutions for compliance matters to establish anti-money laundering and financing of terrorism compliance programs.
The EU Commission proposed the revised AMLD in July 2016 as part of its Action Plan against terrorism announced in February 2016, after the attacks in Paris and Brussels, and as a reaction to the Panama Papers published in April 2016.
The Spanish Ministry of Justice issued Ministerial Order 319/2018 which requires Spanish non-listed companies to disclose their ultimate beneficial owners to the Companies Registry and keep said information updated.
The Brazilian Control Council for Financial Activities published a new resolution on Politically Exposed Persons which will expand the list of people defined as Politically Exposed Persons.
According the Government’s press release on the Bill “ensures that when the UK leaves the EU, we can continue to impose, update, and lift sanctions and AML regimes”.
Preventive and repressive measures against money laundering and terrorist funding entered in force last September, 17 by means of Law no. 83/2017, of August 18. Some of the measures within a pack of prevention and repression were forecast for regulation.