Canada: Government announces DPAs
goo.gl/w7yNy2 0
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US: FinCEN’s Bank Secrecy Act Customer Diligence Rules become effective in May
www.withersworldwide.com/en-gb/fincens-bank-secrecy-act-customer-diligence-rules–become-effective-may-2018 goo.gl/xakKDf info.dechert.com/10/10362/april-2018/fincen-issues-faqs-for-customer-due-diligence-rule–compliance-required-in-may.asp www.sidley.com/en/insights/newsupdates/2018/04/fincen-issues-new-faqs-on-customer-due-diligence-requirement Click to access FinCEN_Guidance_CDD_FAQ_FINAL_508_2.pdf www.caseware.com/alessa/blog/customer-due-diligence-meeting-regulatory-expectations/ See also: goo.gl/TvSg4R goo.gl/GeAPgu Update: angle.ankura.com/post/102idri/is-the-cdd-pilar-of-bsa-aml-important-how-can-my-institution-truly-benefit 0
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US: Auditor of failed Mortgage Lender pays $149.5 million in DOJ settlement
buckleysandler.com/blog/2018-03-02/independent-auditor-agrees-1495-million-settlement-doj-over-potential-fca-liability www.justice.gov/opa/pr/deloitte-touche-agrees-pay-1495-million-settle-claims-arising-its-audits-failed-mortgage 0
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Switzerland: Increased Liability due to Individual Investment Strategy (Ger)
www.wengervieli.ch/getattachment/13fb2f62-b005-495c-9068-28f2528e8903/Erhohte-Haftungsrisiken-bei-individuellen-Anlagest.aspx 0
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US: No SAR filing if customers Voluntarily Disclose to Home Country
www.jonesday.com/fincen–no-sar-filing-obligation-when-customers-voluntarily-disclose-to-home-country-03-01-2018/ www.bressler.com/fincen-clarifies-sar-filing-obligations-with-regard-to-customer-participation-in-their-home-country-tax-regularization-program 0
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UK: Regulator begins new Sector Focused Crackdown on Cartels
www.out-law.com/en/articles/2018/february/regulator-begins-new-sector-focused-crackdown-on-cartels/ See also: goo.gl/6SnBFp 0
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US: Government Accountability Office urges to review effects of BSA/AML regulations
buckleysandler.com/blog/2018-03-01/gao-studies-effect-southwest-border-banks-derisking-due-bsaaml-concerns#page=1 0
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UK: Joint Money Laundering Steering Group Publishes revised AML Guidance
www.jmlsg.org.uk/news/further-amendments-to-jmlsg-guidance1 0
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Australia: New Banking Executive Accountability and Related Measures Act
www.minterellison.com/articles/the-bear-bill-has-passed-both-houses-and-will-become-law www.dibbsbarker.com/publication/Banking_Executive_Accountability_Regime_becomes_law.aspx www.gtlaw.com.au/insights/legislation-proposed-legislation-february-2018 www.legislation.gov.au/Details/C2018A00005 0
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EU: Data Protection in Distributed Technology
goo.gl/3Xo7Vg www.venable.com/gdprs-impact-on-the-use-of-blockchain-to-facilitate-international-trade-06-07-2018/ goo.gl/SPFJbG www.loyensloeff.be/en/news/blockchain-and-gdpr-is-a-clash-really-inevitable/ tinyurl.com/yb2e5kzr www.reedsmith.com/en/perspectives/2022/11/blockchain-and-data-protection–an-faq-guide www.boyesturner.com/businesses/data-protection 0
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