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Reversing itself, the Treasury Department said U.S. sanctions do not prohibit hearing from foreigners deemed to be terrorists or other offenders. The Biden administration will allow Americans to hear from [...]

Byline: MAHMOUD MUSHTAHA Freelance journalist and human-rights activist from Gaza currently living in London The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) is once again under attack. [...]

Byline: JOHN GILMOUR Senior fellow at the Macdonald-Laurier Institute. He is a former CSIS analyst in counterterrorism and currently serves as president of the Canadian Association for Security and Intelligence [...]

Byline: ANNABEL DENHAM On the evening of May 22 2017, a monster entered the Manchester Arena, intent on murdering as many innocent people as he could. When the Islamist radical [...]

Islamabad -- Federal Interior Minister Mohsin Naqvi and Federal Minister for Religious Affairs Chaudhry Salik Hussain hosted a significant meeting today with a delegation of scholars and leaders from various [...]

HONG KONG (AP) — The mastermind behind a foiled bomb plot during https://apnews.com/article/ap-top-news-laws-international-news-photography-hong-kong-f301c03e63f0e75d2e17104ad2c53f34 in Hong Kong in 2019 has been jailed for nearly 24 years in the city's first case [...]

Introduction The Gambling Regulation Act 2024 is the most significant reform of gambling legislation in Ireland since the formation of the State. For an overall summary and discussion of the [...]

Key takeaways The Bermuda Monetary Authority conducts AML/ATF onsite supervisory visits on regulated entities across all sectors. It is important to be prepared for an onsite, understand the process and [...]

1 Legal & Regulatory 1.1 UCITS and AIFMD Update Directive (EU) 2024/927 amending AIFMD 2011/61/EU and the UCITS Directive 2009/65/EC relating to delegation arrangements, liquidity risk management, supervisory reporting, provision [...]

CSP Framework On the 1st November 2024, the Malta Financial Services Authority ('the MFSA/'the Authority) issued a consultation document proposing updates to the Company Service Providers ('CSP') regulatory framework. In [...]

TEHRAN, November 6, 2024 (Xinhua via COMTEX) -- Iranian Foreign Minister Seyed Abbas Araghchi said Wednesday that both Iran and Pakistan believed that the 'terrorist' groups operating along the common [...]

As announced in past bulletins,1 the Regulations Amending the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations and the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary [...]

The Australian Government has proposed amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) which, if enacted, will constitute the most significant changes to Australia's anti-money [...]

In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, [...]

Digital Regulation - Terrorist Content Online DATE OF UPDATE: 27 September 2024 APPLICABLE DATES: These Regulations come into operation on 27 September 2024. LINKS S.I. No. 487/2024 - European Union [...]

NEW YORK, N.Y. -- The following information was released by Human Rights Watch: This submission aims to contribute to the Human Rights Committee's ('the Committee') upcoming review of Turkiye's compliance [...]

Pursuant to the Budget Implementation Act, 2024, No. 1, passed on June 20, 2024, reporting entities subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act ('PCMLTFA'), including [...]

Recent enforcement activity by the UK's Office of Financial Sanctions Implementation (OFSI) and Financial Conduct Authority (FCA) reinforces the importance for businesses of all sizes to implement appropriate and risk-assessed [...]

On the 19th June 2024, the EU AML/CFT Legislative Package was published in the EU Official Journal, which includes a set of legislative texts, comprising of two regulations and a [...]

Byline: Sam Dumitriu Question: What unites the Government, the Opposition, and that fine fast food establishment McDonald's? Answer: The idea that every single venue across the country with a capacity [...]

1. Regulatory Updates 1.1. India 1.1.1 RBI signs currency swap agreement with MMA The Reserve Bank of India ('RBI') has entered into a currency swap agreement with the Maldives Monetary [...]

Introduction In an effort to combat money laundering and the financing of terrorist activities, the European Union (EU) has implemented several Anti-Money Laundering (AML) directives. The most recent, Directive (EU) [...]

The rise of all types of financial fraud has caused the Government and the Regulators to take a number of steps in an attempt to address the escalating financial burden [...]

Byline: Annabel Denham, Columnist and Deputy Comment Editor On the evening of May 22 2017, a monster entered the Manchester Arena, intent on murdering as many innocent people as he [...]

Key takeaways The financial services sector in the Channel Islands has seen the publication of a report by MONEYVAL, a proposal to increase administrative penalties and the release of two [...]

The Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law) and the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law 2011 (the Laws) have been around for some time, so most of [...]

On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule (the Final Rule) aimed at combatting illicit financial activities and national security threats in the investment [...]

On September 4, 2024, the Financial Crimes Enforcement Network ('FinCEN'), U.S. Department of Treasury, published a final rule (the 'Final Rule') expanding the definition of 'financial institution' under the Bank [...]

In a previous blog, we discussed the FCA's first criminal charges against an individual for alleged offences of running multiple crypto ATMs without FCA registration. The FCA charged the individual [...]

On Sept. 4, 2024, the US Department of the Treasury's Financial Crimes Enforcement Network ('FinCEN') issued a long-awaited final rule extending the anti-money laundering/countering the financing of terrorism ('AML/CFT') program [...]

Schulte Roth & Zabel partner Melissa Goldstein recently spoke with FundFire for their coverage on the approved and scaled-back version of the proposed US Department of the Treasury's Financial Crimes [...]

WASHINGTON -- The following information was released by the office of Texas Rep. August Pfluger: Congressman August Pfluger (R-TX), chairman of the House Homeland Security Subcommittee on Counterterrorism, Law Enforcement, [...]

On 25 September 2024, the Central Bank of Ireland (Central Bank) announced that its first Innovation Sandbox Programme (Programme), which is themed combatting financial crime, is open for applications. The [...]

On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) finalized a rule that imposes new Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) program requirements on registered [...]

International Trade The Government of Canada has recently amended its anti-money laundering legislation to combat sanctions evasion. The Fall Economic Statement Implementation Act (the Act) amends the Proceeds of Crime [...]

On 11 September 2024, the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (the Bill) was introduced into Parliament, a significant development in Australia's approach to combating financial crime. The [...]

Strictest regulatory framework in tandem with private sector partnerships are the cure. In the fast-paced financial world, the battle against financial crime gets more urgent than ever. With criminals becoming [...]

BAKU, Azerbaijan -- The following information was released by the President of Azerbaijan: - Good morning. First, I would like to sincerely congratulate you and all the people of Azerbaijan [...]