The National Defense Authorization Act, (NDAA) became law on Jan. 1, 2021, after the U.S. Congress overrode a presidential veto. Division F of the Act is the "Anti-Money Laundering Act of 2020" (AMLA). This month's column highlights a few of the AMLA provisions that may be of interest to international banks.

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Beneficial ownership registers: Regulation Around the World

In this edition of Regulation Around the World we review the position regarding beneficial ownership registers which has come into the spotlight following work by the Financial Action Task Force and the introduction of reforms in a number of jurisdictions.

Global | March 23, 2023

Financial institutions
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Calming the storm after the SVB collapse: Prudential policy the key to stability

The collapse of Silicon Valley Bank, Signature Bank and Silvergate Bank in the last week has caused turmoil in global financial market.

Global | March 16, 2023

Restructuring
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The EU Foreign Subsidy Regulation: A new set of wide-reaching powers for the European Commission

The European Union’s Foreign Subsidies Regulation (the FSR) entered into force on 12 January 2023 and creates a new regime aimed at combating distortions of competition on the EU internal market caused by foreign subsidies. It imposes mandatory notification and approval requirements for acquisitions of significant EU businesses and large EU public tenders, and gives the European Commission (EC) extensive powers to launch ex officio investigations. The notification requirements go live on 12 October 2023.

Global | March 15, 2023

Antitrust and competition
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