Spotlight
On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that will impose new anti-money laundering and countering terrorism financing (AML/CFT) program requirements on registered investment advisers and exempt reporting advisers (collectively, Covered IAs) by, among other things, including Covered IAs within the definition of “financial institution” under the Bank Secrecy…
Latest updates
Following recent FCA outcomes in relation to breaches of requirements imposed by the FCA on regulated firms, in this briefing we consider some lessons learned for clients around managing regulatory interventions, with a focus on VREQs and OIREQs.
In our briefing last summer, ‘Handling regulatory interventions: considerations for responders’ we discussed issues which firms might consider when managing interventions by…
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Africa
On 22 July 2024, the Financial Stability Board issued a progress report regarding enhancing the resilience of non-bank financial intermediation…
Asia
On 28 August 2024, the Hong Kong Monetary Authority (HKMA) launched the Project Ensemble Sandbox (Sandbox)…
Australia
The Trusts Bill 2024 (Qld) (Trusts Bill) was tabled in the Queensland Parliament on 21 May 2024. The…
Canada
In the second issue of Global Asset Management Review, our cross-border team provide market updates followed by a closer look…
Dubai and Saudi
On 20 August 2024, the Financial Services Regulatory Authority (the FSRA), the financial services regulator in the Abu Dhabi…
France
Global
9 September 2024 – On 16 July 2024, the Financial Stability Board (FSB) issued consultation reports on…
Italy
Global
9 September 2024 – On 16 July 2024, the Financial Stability Board (FSB) issued consultation reports on…
Germany
Global
9 September 2024 – On 16 July 2024, the Financial Stability Board (FSB) issued consultation reports on…
The Netherlands
The Digital Operational Resilience Act (DORA) has entered into force in January 2023 and will apply from 17…
United Kingdom
Following recent FCA outcomes in relation to breaches of requirements imposed by the FCA on regulated firms, in this briefing…
United States
On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that will impose new…
