Corporate Transparency Act

The Corporate Transparency Act (CTA) requires certain entities (known as "Reporting Companies") to report Beneficial Ownership Information (BOI) to FinCEN,…
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Regulatory Update October 2024 – APAC Region

This APAC regulatory update includes – updates on Singapore’s national AML strategy, AML/CFT supervisory expectations from recent inspections, FAQs on…
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UK Chancellor’s Mansion House Speech: Points of Interest for FCA-Regulated Firms

In her inaugural Mansion House speech, UK Chancellor Rachel Reeves outlined a comprehensive set of plans to grow the UK…
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Regulatory Update October 2024 – ME Region

This edition includes – DFSA Thematic Review on Complaints Handling Key Findings, DFSA publishes Thematic Review for Money Service Providers,…
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SEC adopts amendments to beneficial ownership reporting rules

Compliance Date: Compliance with the revised Schedule 13G filing deadlines was mandated on September 30, 2024. Compliance with the structured…
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Incident response planning - navigating cyber security emergencies

In today’s cyber landscape, where threats are becoming increasingly complex and frequent, having an incident response plan ("IRP") is essential…
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Navigating the new UAE insurance landscape

The Federal Decree-Law No. 48 of 20231 marks a significant overhaul of the UAE’s insurance regulatory framework, aligning it with…
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MAS provides an update to fund tax incentive schemes for family offices

On 1 October, the Monetary Authority of Singapore (MAS) released details of changes to the fund tax incentive schemes under…
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MAS reminder - Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) audits

On 21 October 2024, the Monetary Authority of Singapore (MAS) issued a circular to remind Financial Institutions (FIs) about the…
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DFSA – Fixed Penalty Notice Regime

On 15 April 2024, the Dubai Financial Services Authority (‘DFSA’) introduced a new Fixed Penalty Notice (‘FPN’) regime.
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FinCEN final rule regarding AML requirements for US investment advisers

On August 28, 2024, the Financial Crimes Enforcement Network ("FinCEN") issued a final rule expanding the definition of “financial institution”…
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Structuring the compliance function

A well-structured compliance function is crucial for any financial institution, ensuring that it effectively meets regulatory requirements and protects its…
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Regulatory Update: UK Edition – September 2024

This UK regulatory update includes – FCA published findings on oversight of Appointed Representatives, FCA update on good and poor…
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Regulatory Compliance Updates September 2024 – ME Region

This edition includes – Abu Dhabi Finance Week: Top Finance Leaders to Speak at 2024 Edition, New Initiatives for Wealth…
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Regulatory Compliance Updates September 2024 – APAC Region

This APAC regulatory update includes – Implementation of Reporting Requirements for Over-The-Counter (“OTC”) Derivatives Contracts, Change of Particulars for Fund…
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Cyber Security Awareness Month - strengthening defenses together

With cyber threats continuing to evolve, collaboration is key to building resilient defenses against malicious actors.
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