Publication
Compliance Quarterly Türkiye
In this issue of our Compliance Quarterly Türkiye, we continue to inform our clients about the global and local compliance rules and regulations which impact Turkish businesses.
International anti-money laundering standards: What about virtual currency?
Global | Publication | August 2019
On June 21, the Financial Action Task Force announced that it had adopted an interpretive note to its recommendation on new technologies to further clarify the applicability of the recommendations to virtual asset activities. It also issued guidance to assist countries and businesses on their AML/CFT obligations regarding virtual asset activities. In her International Banking column, Kathleen Scott discusses some of the major points of the new interpretive note and guidance.
Recent publications
Publication
Clarifying charterers’ redelivery obligations under BARECON 2001: Songa Product and Chemical Tankers III AS v Kairos Shipping II LLC
Songa Product and Chemical Tankers III AS v Kairos Shipping II LLC [2025] EWCA Civ 1227 (07 October 2025) has clarified the extent of the obligation on the Charterer to redeliver a vessel following the termination of a Barecon 2001 charter and of the Owner’s right to require it to be redelivered to a port “convenient to them”.
Publication
European Parliament votes to adopt Omnibus proposal amending CSRD and CS3D
On 13 November 2025, the European Parliament adopted (subject to certain amendments) the substantive Omnibus Directive which was proposed by the European Commission on 26 February 2025 (see our previous briefing here). The Omnibus proposal has now been referred to the Committee of Legal Affairs to proceed to the trilogue negotiations.
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