Casinos, Fine Art, and Attorneys: The New Anti-Money Laundering Frontier in Mexico

The Federal Law for the Prevention and Identification of Transactions with Funds from Illegal Sources is now just over two years old. The authorities...

Ukraine Introduces New Legislation on Money Laundering

On 14 October 2014, the Ukrainian Parliament adopted the Law “On prevention and counteraction to legalization (money laundering) of the proceeds from crime or...

UK Introduces Disclosure Rules for Extraction Payments Made to Foreign Governments; other European...

From January 1, 2015 UK extractive companies will be required to make annual disclosures to the UK Government of sums that they have paid...

UK: Money laundering and sanctions risks – FCA feedback on its latest thematic review...

Close supervisory attention to money laundering compliance backed by a steady stream of enforcement cases has resulted in improved standards of compliance.  However, according...

Australian based resources companies could be required to report payments to governments

On 28 October 2014, the Corporations Amendment (Publish What You Pay) Bill was tabled in Parliament. The Bill requires Australian based companies or their...

Malaysia: New Order on Anti-Money Laundering and Anti-Terrorism Financing

The Anti-Money Laundering and Anti-Terrorism Financing (Security Council Resolutions) (Al-Qaida and Taliban) (Amendment) Order 2014 ("Amendment Order") recently came into force...

Chile: Five years of the Law on Criminal Liability of Legal Entities

As Law No. 20,393, which “Establishes Criminal Liability for legal entities arising from certain felonies of money laundering, terrorism financing and bribery" (the Law...

Singapore: Latest AML revisions – What has changed, what is to come?

The Finance and Home Affairs Ministries and the Monetary Authority of Singapore (MAS) followed the Financial Action Task Force's 2013 publication "Guidance on National...

Spain: What brings the new Royal Decree on Anti-Money Laundering and Counter-Terrorist Financing?

On 6 May 2014, the Spanish Official State Gazette published Royal Decree 304/2014 passing the Regulation of Act 10/2010 on Anti-Money Laundering and Counter-Terrorist...

Spotlight on FinCEN: An Increasing Focus on AML Regulation and Enforcement

Although the Financial Crimes Enforcement Network (“FinCEN”) is often perceived as the aggregator of Suspicious Activity Reports (“SARs”) and other federally-mandated financial forms and...

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