Legal Privilege in Internal Investigations Concerning Anti-Money Laundering Obligations: a Swiss View
The Swiss Federal Supreme Court considered to what extent work products generated by external counsel in the course of anti-money laundering investigations are protected by legal privilege.
On March 20, 2017, the Executive Decree that issued the Regulation for the application of the Law for the Prevention of Money Laundering and the Financing of Crimes entered into force.
The 5th Money Laundering Directive is proceeding along the European Union's legislative process. What will it entail?
The National Assembly has enacted the Law for Money Laundering and Crime Financing Prevention. There are several changes and amendments brought by this law, specially the ones regarding new institutions and businesses that are bound to report any unusual or unjustified economic transaction to the Unit of Financial and Economic Analysis.
The FCA issued a booklet aimed at consumer credit firms setting out good and bad practice on compliance with obligations under the Money Laundering Regulations 2007. While directed at consumer credit firms, the booklet is, of course, relevant to all firms subject to the MLR.
New requirements for all Russian companies to identify their ultimate beneficiaries enter into force on 21 December 2016.
KYC headaches eased – Australian Government broadens KYC methods under the Anti-Money Laundering and...
On 11 September 2016, the Australian Government introduced the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2016 (No. 1).
The Bank of Thailand has introduced a new regulation to facilitate the Know-Your-Customer process by using an electronic means for account opening for deposit acceptance or fund acceptance from public.
As part of its fight against money laundering and financing terrorist acts and organizations, the Ministry of Finance issued the Regulation on Suspension of Suspicious Transactions
The Court of Final Appeal in Hong Kong confirms money laundering offence does not require actual knowledge nor does the property need to be actual proceeds of crime.