We can learn how to search for assets by studying tax frauds. I say this because tax fraud cases show us the methods people use to conceal their assets. When we study tax fraud cases, we learn to recognize these
Financial
CFPB on track to issue Section 1071 final rule by March 31, 2023
Yesterday, the CFPB filed its tenth status report with the California federal district court hearing the lawsuit brought to force the CFPB to move forward with rulemaking to implement the small business data requirements of Section 1071 of the Dodd-Frank…
FDIC issues guidance on multiple re-presentment NSF fees
The FDIC has issued new supervisory guidance (FIL-40-2022) on multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. The guidance directly applies only to state-chartered banks and thrifts that are not members of the Federal…
FCA looks for external experts to help shape its work on ESG issues
On 23 August 2022, the FCA announced that it is establishing a new advisory committee to the FCA’s Board to work on Environmental, Social and Governance (ESG) issues, and is looking for expressions of interest from stakeholders to join.
Earlier…
Wolfsberg Group best practice guidance on transaction monitoring RFIs
On 23 August 2022, the Wolfsberg Group published best practice guidance on requests for information (RFIs) initiated as a result of transaction monitoring.
An RFI is used when a correspondent (or any other provider of payment services) is seeking to…
Information Regulator issues guidance on POPIA data breach notifications
The Information Regulator published Guidelines on 12 August 2022 regarding security compromise notifications in terms of the Protection of Personal Information Act, 2013 (POPIA).
POPIA governs data breaches by ‘responsible parties’ who, alone or in conjunction with others, collect and…
Blockchain Networks Beginning to Allow Enforcement of Court Orders
Bitcoin Association for BSV will release software to facilitate court orders to freeze stolen or lost coins, while some courts recently authorised service proceedings by tokenised airdrop.
By Christian F. McDermott, Andrew C. Moyle, and Nara Yoo
Earlier…
New Regulation Tomorrow Plus podcast – ESG: Key regulatory risks in the UK and US and practical steps to manage them
Our latest episode of Regulation Tomorrow Plus is now available to stream and download on ‘Apple podcasts‘ and ‘Spotify‘
In this podcast Katie Stephen, Co-Head of our Contentious Financial Services Group in London, and Celia Cohen,…
Pass-Through Voting: Top 5 Things to Be Thinking About Now
Earlier this year, BlackRock announced that it has expanded its Voting Choice program (pass-through voting) to BlackRock clients representing nearly half (47%) of its index equity assets globally, and that it plans to expand that program to all individual investors…
Constitutional Court puts the brakes on the common purpose doctrine
This blog was co-authored by Felix Le Roux, candidate attorney
On 22 August 2022, the Constitutional Court (CC) upheld an appeal by the National Union of Metal Workers of South Africa (NUMSA) on behalf of 41 employees who were dismissed…