19th April 2017
China will further beef up its fight against money laundering, funding for terrorism and tax evasion as the central government calls for intensified supervision efforts to ensure the implementation of reforms. The three areas were highlights of the 34th meeting of the Central Leading Group for Deepening Overall Reform on… Read More
19th April 2017
Last week Singapore announced that it has adopted the ISO 37001 Anti-Bribery Systems Management Standard to help companies there implement and manage anti-bribery best practices. Singapore’s adoption of ISO 37001 comes shortly after Peru, which formally adopted the Standard on April 4, becoming the first Latin American country to do… Read More
18th April 2017
On 12/29/2016, Colombia’s Congress approved “Law 1819 of 2016”.  The new legislation is a structural tax reform primarily aimed at increasing revenues for Colombia. Colombia suffered a loss of revenues when crude oil prices plummeted beginning in 2014. The loss of revenue created a negative impact on its economy; creating… Read More
18th April 2017
An Oregon legislative committee has passed a sweeping piece of legislation designed to rein in abusive, anonymous companies. On an 8-0 vote, the House Committee on Business and Labor on Monday moved House Bill 2191 to the Joint Committee on Ways and Means. The vote came roughly… Read More
17th April 2017
A race to the bottom in regulation would weaken the global financial system and make crises more likely. The US-President has signed an executive order which directs the US Treasury department to revise financial regulation, especially the Dodd-Frank Act. But starting a regulatory competition with the EU will endanger global… Read More
17th April 2017
The EU is hurtling towards the implementation of MiFID II, a huge body of rule changes that no one will be ready for. Some regulatory flexibility will have to be shown or the process may end up resembling a car crash. Read More
12th April 2017
U.S. Magistrate Judge Hugh B. Scott ruled in a money laundering case in Buffalo, N.Y. that bitcoin is more like a commodity and is not a form of currency. Read More
11th April 2017
Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering. The authorities hope to recognize bitcoin and other cryptocurrencies… Read More
11th April 2017
Around nine years ago, the US investment bank Bear Stearns was in trouble, finding increasing reluctance on the part of markets to provide the liquidity it needed to continue operations. In March 2008 the Federal Reserve intervened heavily to give the bank a lifeline. Two months later, the bank was… Read More
10th April 2017
Business and Labor Committee Chair Rep. Paul Holvey, a Eugene Democrat, on Friday scheduled a work session for House Bill 2191, a bill designed to rein in abusive, anonymous companies. Friday was the Legislature’s deadline to schedule work sessions. The work session, which could precede a vote… Read More