US: SEC continues Regulatory Focus on Advisory Fees and Expenses

www.bakerlaw.com/alerts/the-sec-continues-its-regulatory-focus-on-advisory-fees-and-expenses www.sec.gov/enforce/educationhelpguidesfaqs/share-class-selection-disclosure-initiative-faqs See also: www.findknowdo.com/news/03/07/2022/capital-fund-adviser-settles-sec-charges-misleading-statements-fees?utm www.findknowdo.com/news/10/21/2022/broker-dealer-fined-charging-excess-fees 0
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Regulatory, US

Iran: US re-imposing nuclear Sanctions

goo.gl/ZYbVc4 www.cliffordchance.com/briefings/2018/05/back_to_the_futuresecondarysanction.html See also: goo.gl/4B4JWV goo.gl/WcYJnE Update: www.fincen.gov/news/news-releases/fincen-issues-advisory-iranian-regimes-illicit-and-malign-activities-and www.fincen.gov/resources/advisories/fincen-advisory-fin-2018-a006 www.hlengage.com/fincen-warns-of-iran-using-virtual-currencies-to-bypass-sanctions www.ropesgray.com/en/newsroom/alerts/2018/12/A-Review-Of-US-Economic-Sanctions-In-2018 www.findknowdo.com/news/06/17/2021/ofac-issues-general-licenses-respond-covid-19-syria-venezuela-and-iran?utm 0
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Iran, Regulatory, Risk Management, Sanctions, US

UK: Disclosure of tax avoidance schemes – Inheritance Tax

goo.gl/iLdFoT www.boodlehatfield.com/the-firm/articles/new-inheritance-tax-disclosure-regime/ www.gov.uk/government/publications/disclosure-of-tax-avoidance-schemes-inheritance-tax See also: goo.gl/v9eoMq goo.gl/6gPeyv www.brodies.com/blog/personal-law/five-billion-reasons-to-think-about-inheritance-tax-planning/ www.boodlehatfield.com/the-firm/articles/inheritance-tax-disclosure-regime/ 0
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Tax, Tax Planning, UK

US: FinCEN updates AML/CFT Deficiencies List

www.findknowdo.com/news/04/27/2018/fincen-updates-aml/cft-deficiencies-list buckleysandler.com/blog/2018-05-02/fincen-updates-fatf-identified-jurisdictions-amlcft-deficiencies www.bressler.com/long-awaited-frequently-asked-questions-regarding-customer-due-diligence-requirements-for-financial-institutions www.sidley.com/en/insights/newsupdates/2018/04/fincen-issues-new-faqs-on-customer-due-diligence-requirement Click to access 2018-04-10_fincen_issue_frequently_asked_questions_regarding_customer_due_diligence_rule.pdf Click to access FinCEN_Guidance_CDD_FAQ_FINAL_508_2.pdf Update: FinCEN updates jurisdictions with AML/CFT/CPF deficiencies | Buckley LLP Infobytes Blog (buckleyfirm.com) www.findknowdo.com/news/02/29/2024/fincen-updates-jurisdictions-fatf-aml/cft-deficiencies-list 0
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Money Laundring, Regulatory, US

UK: FCA publishes Statement on Cryptocurrency Derivatives

www.mccarthy.ca/en/insights/blogs/snipits/uk-fca-publishes-statement-cryptocurrency-derivatives www.natlawreview.com/article/fca-publishes-statement-regarding-requirement-firms-offering-cryptocurrency goo.gl/2nUfNW www.fca.org.uk/news/statements/cryptocurrency-derivatives Update: Developments in Crypto Derivatives 0
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Crypto Currencies, UK Hong Kong, Money Laundring, Risk Management

US: OFAC issues updates and clarifications to Russia Sanctions

www.dechert.com/knowledge/onpoint/2018/5/ofac-issues-important-updates-and-clarifications-to-russia-sanct.html www.winston.com/en/where-we-are/north-america/dallas.html#!/en/thought-leadership/russia-sanctions-update-1.html?aj=ov&parent=3170&idx=18 www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180501.aspx See also: goo.gl/xHY6MN www.srz.com/resources/sanctions-update-venezuela-and-ukraine-russia.html www.findknowdo.com/news/09/16/2022/ofac-targets-additional-entities-crucial-russias-war-effort Update: www.findknowdo.com/news/01/06/2021/ofac-issues-new-and-amended-guidance-caatsa?utm OFAC Enters into Settlement Agreement with S&P Global, Inc. www.findknowdo.com/news/04/08/2022/ofac-adds-russian-state-owned-entities-sdn-list?utm 0
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Risk Management, Russia, Sanctions, US CFC Rules, Italy, Tax

EU: The Fifth Money Laundering Directive has been passed

goo.gl/DTL5GD goo.gl/cRwYut camilleripreziosi.com/en/news-resources/1/2517/adoption-of-5mld-by-the-european-parliament www.kingsleynapley.co.uk/insights/blogs/brexit-blog/anti-money-laundering-will-new-eu-regime-impact-the-uk#page=1 goo.gl/BnhXm2 www.cms-lawnow.com/ealerts/2018/05/mld5-refines-regulatory-view-of-virtual-currencies?_ga=2.38685220.684668333.1526470629-929055093.1482601870 brodies.com/binformed/legal-updates/fifth-money-laundering-directive www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+TA+P8-TA-2018-0178+0+DOC+XML+V0//EN&language=EN www.europarl.europa.eu/news/en/press-room/20180411IPR01527/anti-money-laundering-meps-vote-to-shed-light-on-the-true-owners-of-companies 0
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European Union, Money Laundring, Risk Management Australia, Trusts