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FATF Monitoring: Countries Addressing Strategic Deficiencies

Jurisdictions under Increased Monitoring by the FATF Countries...

Former Peruvian President Alejandro Toledo Sentenced to 20+ Years in Odebrecht Bribery Scandal

Former Peruvian President Alejandro Toledo has been...

Ex-Mexican Security Chief Sentenced for Bribery and Aiding Sinaloa Cartel’s Drug Trafficking

Genaro Garcia Luna, Mexico's former Secretary of...

Tag: corruption

human smugglingcontract slaveryforced labordomestic workstandard of livingdomestic slaverydomestic servitudeminimum wage violationchild sex trafficking
Fraud, Bribery & Corruption

Colombia regulates the Leniency Program for transnational bribery and corruption

In brief On 21 March 2024, the National Government issued the Decree 390 of 2024 (“Decree”), by which it established the procedure for granting the...
Money Laundering

Updates to the AML/CFT/CPF Handbook — GFSC

The Commission has today issued an updated Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”). Chapter 1 of the Handbook has been updated to include...
Recent Regulations & News

Singapore: MAS announces target date for the repeal of the RFMC regime

Response to Feedback Received on Repeal of Regulatory regime for Registered Fund Management Companies In brief On 28 March 2024, the Monetary Authority of Singapore (MAS)...
Recent Regulations & News

Australia: Long awaited buy now pay later reforms arrive

In brief On 12 March 2024, the Australian Government released exposure draft legislation on Buy Now, Pay Later products (BNPLs) for public consultation. This follows...
Recent Regulations & News

Canada: CSA implements new “Access Model” to facilitate delivery of prospectuses by non-investment fund issuers

In brief In January 2024, the Canadian Securities Administrators (CSA) published amendments and changes to several national instruments and companion policies to implement a new...
Recent Regulations & News

Venezuela: Decree exonerates foreign currency debits that generate certain transactions with securities from paying the Large Financial Transactions Tax

In brief The National Executive Power issued Decree No. 4924 on 21 February 2024 (“Decree“),1 which exonerates the following from paying the Large Financial Transactions Tax...
Recent Regulations & News

Mexico: New Regulation improves digital commerce transactions by allowing the use of electronic credit instruments

Mexico has approved amendments to the General Law on Negotiable Instruments and Credit Transactions to allow the use of electronic credit instruments, making commerce...
Recent Regulations & News

South Korea: Now enacted – Shares acquired under Employee Share Plans exempt from domestic broker requirement

In brief Further to our January 2024 client alert, the anticipated amendments to the Enforcement Decree of the Financial Services and Capital Markets Act (“FSCMA...
Money Laundering

National Risk Assessment for Legal Persons and Legal Arrangements Report published as part of the Bailiwick’s commitment to combatting financial crime

The States of Guernsey has published a report concerning the Bailiwick of Guernsey's money laundering, terrorist financing and financing of proliferation of weapons of...
Crypto

Hong Kong: New Sandbox regime for stablecoins released by Hong Kong Monetary Authority

On 12 March 2024, the Hong Kong Monetary Authority (HKMA) issued a press release announcing the launch of its new stablecoin issuer sandbox arrangement...
Fraud, Bribery & Corruption

Argentina: Transactions performed with cards

By means of Resolution No. 87/2024 (“Resolution“), the Secretariat of Commerce (“Secretariat“) established that businesses that operate with purchase, debit or credit cards must...
Money Laundering

Argentina: Enactment of the regulatory framework for the prevention of money laundering and financing of terrorism

On 14 March, the amendments to the Law on the Prevention of Money Laundering and Financing of Terrorism (Law 27,739) were approved. They implement...
Fraud, Bribery & Corruption

Australia: Does your company have adequate procedures in place to prevent corruption?

New legislation passed which will put onus on companies – when did your company last undertake a risk assessment on corruption? In brief The Australian government...
Recent Regulations & News

United Kingdom: Recent FCA enforcement action – Key takeaways for compliance officers

On 13 February 2024, the FCA issued a Final Notice to Floris Jakobus Huisamen, the former director and compliance officer of London Capital & Finance plc...

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