Malta: Companies Act Regulations on Register of Beneficial Owners amended
bit.ly/2MunxsB 0
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China: Eleven point plan for the financial sector issued
www.mayerbrown.com/en/perspectives-events/publications/2019/07/china-announced-11-measures-to-further-open-up-its-financial-sector www.linklaters.com/en/insights/publications/2019/july/china-issues-eleven-point-plan-for-the-financial-sector www.reedsmith.com/en/perspectives/2019/08/china-accelerates-its-opening-up-of-financial-sector-to-foreign-investors bit.ly/2OWLSZy 0
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US: Federal Banking Agencies and FinCEN release Statement on risk-focused BSA/AML Supervision
buckleyfirm.com/blog/2019-07-25/federal-banking-agencies-and-fincen-issue-statement-risk-focused-bsaaml-examinations bit.ly/32svpAi www.mofo.com/resources/publications/190725-federal-anti-money-laundering.html us.eversheds-sutherland.com/NewsCommentary/Legal-Alerts/222910/Legal-Alert-FinCEN-demystifies-risk-focused-Bank-Secrecy-Actanti-money-laundering-supervision www.jdsupra.com/legalnews/banking-regulators-release-statement-on-21977/ www.manatt.com/Insights/Newsletters/Financial-Services-Law/Regulators-Reveal-Secret-Sauce-on-BSA-AML-Exams www.gtlaw.com/en/insights/2019/8/joint-statement-emphasizes-risk-focused-approach-to-examinations Click to access nr-ia-2019-81a.pdf 0
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UK: Mutual and Mirror Wills
www.boyesturner.com/article/mutual-and-mirror-wills-the-same-or-similar Mutual wills: be careful what you wish for – MacfarlanesA case highlighting the danger of a mutual will (boyesturner.com)Are mutual wills a good idea? – Stewarts (stewartslaw.com) See also:hsfnotes.com/pwtd/2022/09/26/the-binding-contract-requirement-the-county-court-considers-the-test-for-mutual-wills/#page=1www.hilldickinson.com/insights/articles/undoing-mutual-wills-agreementsgatehouselaw.co.uk/when-undue-influence-and-mutual-wills-collide-naidoo-v-barton-2023-ewhc-500-ch/blog.macfarlanes.com/post/102idwh/naidoo-v-barton-undue-influence-and-the-risks-of-mutual-willsWhat is the difference between a Mirror Will and a Mutual Will? – Cooper Grace Ward (cgw.com.au)McLean v McLean...
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Ireland: Central Bank revises certification regime for UCITS investing in financial indices
www.dilloneustace.com/publications/central-bank-revises-certification-regime-for-ucits-investing-in-financial-indices 0
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US: SEC sues Adviser for breach of Fiduciary Duty and undisclosed Conflicts of Interest
www.findknowdo.com/news/08/02/2019/sec-sues-adviser-breach-fiduciary-duty-and-undisclosed-conflicts-interest?utm See also:www.grsm.com/publications/2023/statute-of-limitations-for-breach-of-fiduciary-duty-actions 0
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Hong Kong: New guidance for banks on AML/CFT
www.kwm.com/en/hk/knowledge/downloads/2019/fatf-releases-2019-guidance-on-virtual-assets-0718 See also:www.onc.hk/en_US/handling-suspicious-third-party-fund-transfers/?utm_source=rss&utm_medium=rss&utm_campaign=handling-suspicious-third-party-fund-transfers 0
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UAE: Abu Dhabi Foundations Regime
academic.oup.com/tandt/article-pdf/25/6/594/29010862/ttz016.pdfwww.shlegal.com/insights/a-wealth-of-advice-questions-and-answers-with-the-abu-dhabi-global-market-on-adgm-foundationsbsabh.com/uae-foundations-in-adgm-difc-rak-icc/The ADGM Foundations Regime: Unlocking Financial Planning and Structuring Options in the UAE – IR Global See also:xxiv.co.uk/wp-content/uploads/xxiv.private.client.update.issue_20.pdfwww.difccourts.ae/rules-decisions/judgments-orders/court-appeal/dubai-international-financial-centre-authority-2020-difc-ca-002 0
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US: NASAA urges Broker-Dealers to update Policies on Non-Traditional ETFs
www.findknowdo.com/news/07/31/2019/nasaa-urges-broker-dealers-update-policies-non-traditional-etfs?utm_campaign=Cabinet%20Newsletter&utm_source=Newsletter&utm_medium=Email 0
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Netherlands: Act implementing the Fifth Anti-Money Laundering Directive filed
www.nautadutilh.com/en/information-centre/news/new-plan-to-combat-money-launderingwatsonlaw.nl/amld5-aml-crypto-business-eu-dutch-law/www.coindesk.com/dutch-interpretation-of-eu-anti-money-laundering-rules-may-block-foreign-firms www.stibbe.com/en/news/2019/september/supervision-of-crypto-services bit.ly/2mbdkXc See also:digital.freshfields.com/post/102gydb/a-potential-solution-for-cheap-pizza-stablecoins-and-the-mica Update:www.twobirds.com/de/insights/2022/global/the-road-to-micar-continues-dutch-view-addedwww.stibbe.com/publications-and-insights/micar-an-important-step-in-regulation-of-crypto-markets-status-updateHow the Rotterdam Court Ruling affects the registration regime for Crypto Services Providers in the Netherlands | Stibbewww.vandoorne.com/en/knowledge-sharing/mica-start-preparing/ 0
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