In the next in our series of detailed briefings on proposed changes to the EU and UK anti-money laundering and countering the financing of terrorism ("AML/CFT") regimes, we consider the proposed changes to customer due diligence ("CDD") measures, as set out in the EU's recent AML reform package. Read more

On September 21, 2021, the Office of Foreign Assets Control (“OFAC”) of the Treasury Department issued an Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments (“Updated Advisory”), which warns of the sanctions risks of making or facilitating ransomware payments and provides expanded guidance on steps that companies may take to mitigate ransomware risk. Read more

The option to participate in collective assurance activities is welcome, but this article which was originally published in the September 2021 edition of Butterworths Journal of International Banking and Financial Law makes the case for more guidance. Read more

Welcome to the Summer 2021 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. Read more

This briefing looks as the proposed creation of an EU-wide Anti-Money Laundering Authority ("AMLA" or the "Authority"), as set out in the EU's recent AML reform package. Read more

In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected for September 2021. Read more

On 20 July 2021, the European Commission (the “Commission”) announced a package of four legislative proposals (the “Package”) to strengthen its anti-money laundering and countering the financing of terrorism (“AML/CFT”) rules. Read more

In this blog post, we round-up forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected for August 2021. Read more