We are pleased to announce that the updated second edition of the Baker & McKenzie dictionary : Compliance and Governance from A-Z is now published.
On October 1, 2017, an order from the Japanese Cabinet went into effect to implement amendments to Japan’s Foreign Exchange and Foreign Trade Act which implements Japanese import and export controls.
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.
The Parliamentary Joint Committee on Corporations and Financial Services has released its report on recommended changes to whistleblower protections in the corporate, public and not-for-profit sectors. If implemented, these recommendations would significantly increase the protections and rewards available for whistleblowers.
The FCA has announced that there has been a 75% increase in the number of enforcement cases over the last year. At the same time, in an effort to disarm concerns about the enforcement of the new Senior Mangers Regime, the FCA has said that it wants to move away from a fear based culture of regulation.
The EU has proposed a new EU framework for screening foreign investment that raises security or public order concerns for the EU or its Member States.
On August 23, 2017, a new law regulating the use of cash as mean of payment came into force in Portugal and significantly lowered the amount of cash payments.
Australia is considering whether to adopt modern slavery legislation, similar to that found in the United Kingdom (UK) and California.
The Portuguese Government established a new regime respecting the appropriation of the assets / rights pledged through a commercial pledge.
The availability of the Electronic Complaints Book has been made compulsory for essential public service providers since July 1st and shall also be mandatory, from July 1st, 2018, for all suppliers of goods and service providers who carry out their activity either through a physical establishment open to the public or through digital means.