12th April 2021
Bank of Ireland will allow asylum seekers to open bank accounts from May 14. A Bank of Ireland spokesperson told the Irish Independent that the bank is very aware that in some specific circumstances, a customer may not have documentation that’s normally required to open an account. It has now… Read More
12th April 2021
Amendments to the Corporate Service Provider regulations will help weed out any bad apples from the system, Emily Benson, the Malta Financial Services Authority’s (MFSA) Head of Conduct Supervision told The Malta Independent on Sunday. Benson was part of the team that spearheaded the new Company Services Providers (CSPs) regulations… Read More
12th April 2021
The UAE Ministry of Economy announced the extension of the deadline granted to companies in the “specific non-financial business and professions” sector to register in government regulations approved for countering money laundering and combating the financing of terrorism until the end of April. The decision is due to the large… Read More
12th April 2021
Controversial rules that are meant to tackle financial crime in the voluntary sector will be watered down following an outcry by NGOs. Government sources told Times of Malta that a list of changes will be drafted to the rules introduced to combat money laundering within the voluntary sector. The regulations… Read More
12th April 2021
The main group representing multinational businesses in Hong Kong blasted the government’s hasty plan to limit information in the financial hub’s company registry, saying the move could hurt investments and trade. In a letter to lawmakers distributed on Wednesday, The International Chamber of Commerce – Hong Kong urged the government… Read More
8th April 2021
By Sadie Brown, OCCRP, 7 April 2021 OCCRP — The U.S. Financial Crimes Enforcement Network (FinCEN) asked last week for the public to comment on a series of questions about the new beneficial ownership reporting requirements of the Corporate Transparency Act (CTA), according to an… Read More
7th April 2021
Political opposition has been quashed. Free speech has been stifled. The independent court system may be next. But while Hong Kong’s top leaders take a tougher line on the city of more than seven million people, they are… Read More
7th April 2021
An army of warranted professionals in Malta – accountants, auditors, lawyers and notaries – are balking at new rules removing their exemption from onerous authorisation by the financial regulator (MFSA) to act as company officers. The pressure on Malta to tighten up its corporate governance rules by the Council of… Read More
6th April 2021
The Central Bank of UAE released new regulations for small to medium-sized enterprises (SMEs) aimed at promoting “best practices among licenced financial institutions when engaging with SMEs”. The purpose of the regulation was to improve SMEs’ access to financial products and services, following the launch of its new regulatory framework… Read More
5th April 2021
Wildlife traffickers in the country, especially poachers, will face fines of up to RM1mil once amendments to existing laws are passed and implemented by the government, said Energy and Natural Resources Minister Datuk Seri Dr Shamsul Anuar Nasarah. He said the government was in the final stages of amending the… Read More