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The article reports that Ireland is requiring financial institutions to implement whistleblowing procedures for the purpose of anti-money laundering (AML) law. Topics discussed include the amendment of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2020 under the European Union (Money Laundering and Terrorist Financing) Regulations 2019, provisions under the regulations and whistleblowing obligations on in-scope entities.

The article reports that the amendment of the Austrian Law on the Ultimate Beneficial Owners Register as part of the Europwean Union Financial Adaptation Act 2019, which provides amendment to the Ultimate Beneficial Owners Register, implementing the 5th Anti-Money Laundering Directive.

The article reports that the Swiss government has proposed legislation to shore up the integrity of its financial centre and presents a revision of the Swiss Anti-Money Laundering Act. It mentions information about fiondings of a report by Financial Action Task Force (FATF), which acknowledged the generally good quality of the Swiss system in place for combating money laundering and terrorist financing.

The article reports on the need of farmers who buy and sell land to be prepared for more security checks due to The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, according to Central Association of Agricultural Valuers (CAAV). Topics mentioned include the importance of security requirements in land acquisition, the ways to prevent money laundering, and the importance of the money laundering law to prevent fraud in buying land.

The article reports on trends in the Channel Islands funds and investment structuring industry as of July 2015 particularly in the real estate investment structuring industry. Topics include the Channel Islands' reputation as leading offshore centers for the establishment of investment funds, the recognition enjoyed by their standards of financial regulation and anti-money laundering measures, and the diversity of its real estate structuring and corporate real estate market.

The article focuses on lawyer Jason Sugarman, who is one of seven new star silks interviewed in the periodical "The Lawyer." Information regarding his strong record in handling serious criminal defence cases, his advocacy on high-profile cases such an acquittal in the money laundering trail defending Hong Kong businessman and Zetland Fiduciary Group chairman James Sutherland, and his views on the increase financial and corporate crime cases in London, England, are also included.

The article reports on the enforcement of Australia's Anti-Money Laundering and Counter-Terrorism Financing Act. The new anti-money laundering and counter-terrorism funding laws strictly requires client identification checks. It also includes new transaction monitoring and reporting processes which applies to the financial sector such as banks, credit unions, building societies, and trustees.

The article focuses on the initiatives of various organizations to prepare for the introduction of the anti-money laundering and counter-terrorism financing bill. Peter Whyntie of KPMG stressed that this bill will be approved by the end of the parliamentary session on December 7, 2006. He stressed the need for the industry to look to the implementation of the Basel II banking prudential guidelines to be informed about the challenges which the bill might bring out.

The article focuses on the Anti-Money Laundering Guidance Notes in Jersey, Channel Islands. A case involving a Jersey-based trust and a former director who were charged under Article 37(4) of the Proceeds of Crime is discussed. The Guidance Notes are issued by the Jersey Financial Services Commission. It is designed to guide financial service business on the practical meaning of the legal obligations imposed upon them under the Proceeds of Crime Law and the order.

The article reports on the letters sent by Australian banks Westpac Banking Corp. and Commonwealth Bank of Australia to bitcoin exchanges including Bit Trade and Buyabitcoin, which inform their closure of accounts without further explanation. It notes a statement detailing the tough compliance and assurance requirements under bitcoin operating model to meet high standards required in anti-money laundering regulations. It mentions that the closures threatens the viability of financial services.

The article discusses an economic recovery in Cyprus as of December 2013, focusing on foreign direct investments (FDIs) of Russian money into Cyprus, as well as information on the economic relationship between Russia and Cyprus. The December 5, 1998 Treaty for Avoidance of Double Tax Payments between Cyprus and Russia is mentioned, along with a bailout and a banking crisis in Cyprus. Anti-money laundering legislation and Cyprus' accession to the European Union in 2004 are examined.

The article reports that Marlon Weaver, owner of the construction industry firm Weaver Co. Inc., pleaded guilty to a U.S. charge of conspiracy to commit money laundering. Weaver attempted to hide assets from surety after he could not finish a road repaving project for the South Carolina Department of Transportation.

The article offers information on the toolkit produced by Great Britain's Law Society which provides a comprehensive guide for solicitors to help them protect against misuse by criminals. It notes that the toolkit offers all the anti-money laundering legislation and is intended to provide law firms with practical information on what they need to know. Also, it mentions that the toolkit has a full range of procedures, draft policies, and template forms.

The article discusses offshore litigation in the wake of the Global Financial Crisis of the early 21st century, including information on the litigation risks and costs associated with trying cases in offshore jurisdictions as of October 2012. Anti-money laundering rules and the need for transparency are mentioned as reasons why offshore litigation should be moved to London, England. Several legal cases are mentioned, including the Great Britain Privy Council case AK Investments.

The article reports on the new Solicitor's Code of Conduct, which requires additional training of law firms and lawyers in Great Britain. Rule 5 of the new rule states that all principal firms are required to make arrangements for the effective management of the firm and ensure adequate supervision and compliance with anti-money laundering legislation, client care, and regulatory requirements and control of undertakings.

The article presents the results of the survey by accountant PricewaterhouseCoopers (PwC) on the risk-based guidelines to anti-money laundering of the Great Britain Financial Services Authority (FSA). The results show that 82% of financial institutions have not noticed the cost benefits of the guidelines, and 10% of these institutions have not yet complied with the new rules. PwC partner Andrew Clark states that the new system proves inadequate at identifying abusive transactions.

The article reports on the preparation of law firms for the new Money Laundering Regulation in Great Britain. It is according to the research of LexisNexis company which revealed that despite the guidelines have not yet completed, two-third of the law firms in the country have already invested for additional training for staff. It cites that 52% of them expected that it will result in additional financial investment while 50% claimed that their overall diligence costs will increase at 10 to 29%.

The article reports that efforts by bar associations in Belgium to declare the 2001 Money Laundering Directive as illegal was rejected by the European Court of Justice (ECJ) in 2007. The ECJ ruled against the Belgian bar associations' allegations that the money laundering directive breaks basic rights to fair trials in the European Union.

The article discusses the compliance-related issues of Australia's anti-money laundering legislation that was passed in December 2006. Once the compliance-reporting provisions come into effect, affected institutions will be required to demonstrate they have taken reasonable steps to comply, which could include setting up an internal steering committee, undertaking a risk-based assessment of transactions, or purchasing a transaction monitoring system.

The article reports on the fight of a consortium of legal organization against the government over its implementation of a controversial money-laundering laws in France. A motion was filed by the Conseil National des Barreaux, the Conférence des Bâtonniers, Barreau de Paris and the lawyers working at the Supreme Court and the Court of Appeal. According to the consortium, the decree has illegally implemented the 2001 second European money laundering directive.

Comments on the effect of money laundering laws on firms and clients in the financial services sector in Great Britain. Problems encountered when reporting suspicious activity and dealing with irate clients; Areas of difficulty arising from the provisions of the Proceeds of Crime Act of 2002; Difficulty in determining what constitutes money laundering.

Reports on the criticisms made by the Council of the Bars and Law Societies of the European Union on the introduction of a third European Union money laundering directive. Goal of the directive to strengthen EU defenses against terrorist financing.

Reports that the Australian Bankers Association and the International Banks and Securities Association (IBSA) have rejected the proposal of the Australian federal government for them to monitor their members for breaches of new anti-money laundering laws to be introduced in 2005. Requirement for banks and other financial institutions, real estate agents and casinos to follow procedures to confirm the identity of their customers; Argument of Duncan Fairweather of IBSA that industry bodies should not have to police the anti-money laundering laws.

Discusses the provisions of money laundering regulations in Great Britain which present lawyers with duties and potential criminal liabilities. Background information on the Money Laundering Regulations of 2003; Criminalization of professional negligence; Formal recognition of legal professional privilege (LPP); Provisions establishing the defense of LPP.

Examines the measures taken by Guernsey, Channel Islands to meet the requirements on laws dealing with money laundering and terrorist funding since September 11, 2001. Evolution of legislation in Guernsey on the proceeds of crime; Impact of an international standard for combating terrorist financing.

Reports on the introduction of the anti-Money Laundering Law by the United Arab Emirates Central Bank, on behalf of the Financial Action Task Force, with the legal assistance of Simmons & Simmons. Overview of the rules under the law.