Regulation

The Federation of Law Societies of Canada is challenging provisions of the country's Income Tax Act that require legal counsel to report confidential information about their client’s activities to the Canada Revenue Agency (CRA)

The world is falling dangerously short of the ambition that is needed to secure a safe future climate, according to new analysis by PwC

The summer of 2023 has brought much media attention to the topic of banking so-called politically exposed persons (PEPs), as well as the introduction of new legislation in the UK to address the problem of PEP bank account closures through tighter regulation, coupled with reviewing financial institutions’ (FI’s) compliance with existing rules. With the end of the year drawing closer, it remains to be seen how much practical change these reforms will bring...

The Scottish Government has launched a consultation on proposals for its new Land Reform Bill, which will be introduced by the end of 2023.

THe Solicitors Regulation Authority (SRA) and the Legal Services Board (LSB) have published joint research looking into the cost of professional indemnity insurance (PII) for law firms, and what factors drive differences in premium levels

Earlier this summer (7 June 2023) the National Crime Agency (NCA) obtained an Unexplained Wealth Order (UWO) against a Birmingham man, Yaqub Younis and his company, Regal Capital UK Limited

The Swiss Federal Council has concluded that there is "no sufficient political consensus" for the establishment of a Swiss trust

Further analysis of the Cayman Islands’ new Beneficial Ownership Transparency Bill 2023 has revealed many more entities are being brought within scope of the jurisdiction's beneficial ownership regime (BOR)

The Dutch Fiscal Information and Investigation Service (FIOD) is the newest member of the International Anti-Corruption Coordination Centre (IACCC)

An examination of the regulatory measures and documentation protocols implemented by eight non-profit organisations (NPOs) in Jersey, concerning donations exceeding £10,000, revealed that the majority had effectively minimised the risk of funds being diverted for unlawful purposes