US House on major AML reform

House of Representatives passes bill requiring that trust companies, lawyers and art dealers report suspicious activity, according to ICIJ. The Enablers Act was first proposed shortly after ICIJ’s Pandora Papers investigation exposed widespread exploitation of lax...

Wolfsberg Group Effectiveness through collaboration

The Wolfsberg Group calls for empowered Public-Private Partnerships and better information-sharing frameworks with respect to AML/CTF Both government and industry increasingly recognise the urgent need for national authorities to establish national priorities so that...

Home Office Policy paper on terrorism acts in 2019

The threat to the UK was driven by a number of factors which affect terrorist intent and capability, with a number of suppressive factors affecting the threat at the time. In 2019, these included domestic and international counter-terrorism efforts such as the...

SEC modernisation of beneficial ownership reporting

The proposed amendments would modernize the filing deadlines for initial and amended beneficial ownership reports filed on Schedules 13D and 13G. It also would deem holders of certain cash-settled derivative securities as beneficial owners of the reference equity...

House of Commons briefing on economic crime

The House of Commons Library published a briefing paper on economic crime in the UK summarising recent research, analysis and Government action. The paper highlighted the extent of economic crime in the UK can reasonably be said to run into the tens of...