16th May 2017
The Securities and Exchange Commission today announced that Jaime Klima has been named Chief Counsel to Chairman Jay Clayton. As Chief Counsel, Ms. Klima will be senior legal and policy adviser, and will coordinate the rulemaking agenda of the Commission.  She will also serve as the Chairman’s representative on the… Read More
12th May 2017
The US has imposed sanctions on Pakistan-based extremists and an organisation run by Mumbai attack mastermind Hafiz Saeed’s JuD group as part of an effort to disrupt their leadership and fund-raising networks. The sanctions have been slapped to disrupt the funding of Lashkar-e-Taiba (LeT) and its front for charitable… Read More
11th May 2017
Germany plans to tighten sanctions on North Korea over its nuclear program in line with UN resolutions and EU laws. The North Korean embassy in Berlin will be banned from renting out its property to earn hard currency. In the center of Berlin, between the Brandenburg Gate and Checkpoint Charlie,… Read More
11th May 2017
The Bulgarian State Agency on National Security (SANC) and the Ministry of Internal Affairs (MIA) propose a whole new law against the money laundering, reported BGNES.The current law contains 24 Articles and 5 Chapters, while the proposed project contains 125 Articles and 10 Chapters. Read More
11th May 2017
The House Financial Service Committee approved the Financial CHOICE Act 2.0 on May 4, indicating the first concrete move to roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill’s approval by the House Financial Service Committee is signal that reform is coming. Read More
10th May 2017
January 2019 is a far more realistic date than July 2018 for bringing lawyers into the requirements of the Anti-Money Laundering and Countering Financing of Terrorism legislation, the New Zealand Law Society says. The Law Society has presented a submission on the Anti-Money Laundering and Countering Financing of Terrorism Amendment… Read More
9th May 2017
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) today issued a General Administrative Act pursuant to section 4b of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). The General Administrative Act restricts the marketing, distribution and sale of financial contracts for difference (CFDs). Contracts with an additional payments… Read More
8th May 2017
Criminals who use the virtual currency known as Bitcoin can be convicted of money laundering under a Florida measure passed by legislators late Friday. Both the state House and Senate approved the bill, which now heads to the desk of Gov. Rick Scott for approval. Read More
8th May 2017
China is in the midst of what proponents are heralding as its harshest crackdown on financial risks in history: a campaign that is by no means a fleeting gesture. This is not the first time that the central authorities has stressed to address financial risks, but a such a concerted,… Read More
8th May 2017
No matter what, I am an optimist. A pessimist’s worldview and lifestyle is really unattractive. I would always rather see the glass as half full.Too many in the professional world have confused negative perspectives and predictions as a way to demonstrate their own expertise. It is an unfortunate practice in… Read More