Publication
Legal strategies to tackle fraud in early-stage investments in Asia
In the wake of the recent eFishery scandal early-stage investors are recalibrating their approach to due diligence and risk tolerance.
Publication | March 18, 2016
In many countries, remittances received from abroad are essential to the recipients’ welfare. But money transmission can be a high-risk business, and even though money transmitters around the world are required to comply with a detailed framework of anti-money laundering (AML) laws and regulations, they still can be misused by criminals.
However, the nature of the nonbank money transmission business does pose more risks to a country’s financial system than perhaps use of a more traditional bank account. Concerned about their own potential liability should a money transmitter have regulatory problems, banks have been dropping money transmitters that have been clients for years and/or not establishing accounts for new ones. The money transmitter needs a bank account to operate, and if their access to the banking system is cut off, they are out of business and the people that may suffer in that instance include family members in other countries who need that money for their very survival.
Read the full article: International guidance for money transmitters and their supervisors
Publication
In the wake of the recent eFishery scandal early-stage investors are recalibrating their approach to due diligence and risk tolerance.
Publication
As we stand on the cusp of transformative change within the energy sector, anticipation builds around the UK government’s impending decision on the Review of Electricity Market Arrangements (REMA). This briefing provides a recap of the proposals made to date and looks at the potential future impact of the REMA proposals on market players.
Publication
Antitrust authorities are increasingly aggressive in pursuing new theories of harm, pushing the boundaries of what amounts to an antitrust violation, and expanding the use of current legislation and regulation to fit a new era of issues.
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