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Results: 1-10 of 260

MAS withdraws second merchant bank status in AML push
  • Herbert Smith Freehills LLP
  • Singapore
  • October 25 2016

In line with its increased commitment to combat money laundering and terrorist financing in Singapore, the Monetary Authority of Singapore (MAS) has


Corporate Crime Update - December 2015 - United Kingdom Europe
  • Herbert Smith Freehills LLP
  • European Union, United Kingdom
  • December 22 2015

A UK Court has approved a Deferred Prosecution Agreement (DPA) between the SFO and Standard Bank Plc over an alleged failure to prevent bribery


Hong Kong strides towards a cashless society
  • Herbert Smith Freehills LLP
  • Hong Kong
  • November 10 2016

The Payment Systems and Stored Value Facilities Ordinance (Ordinance) came into effect on 13 November 2015. The Ordinance aims to minimise and manage


UK: new FCA and PRA whistleblowing rules
  • Herbert Smith Freehills LLP
  • United Kingdom
  • October 8 2015

The FCA and the PRA have both published policy statements on their new rules on whistleblowing: FCA policy statement (PS1524) entitled


FIFA racketeering indictment could cause concern for banks
  • Herbert Smith Freehills LLP
  • USA
  • June 2 2015

The US Department of Justice's ("DOJ") FIFA indictment may require certain banks to review any of their FIFA-related transactions, as well as test


Concurrent competition powers for the Financial Conduct Authority and Payment Systems Regulator
  • Herbert Smith Freehills LLP
  • United Kingdom
  • April 1 2015

On 1 April 2015 the Financial Conduct Authority (FCA) obtained new concurrent competition powers under the Competition Act 1998 (CA98) and the


People’s Bank of China enters into anti-money laundering cooperation arrangement with Macau’s Monetary Authority
  • Herbert Smith Freehills LLP
  • China
  • August 26 2015

In what will undoubtedly be seen as another step in Beijing’s effort in the battle against corruption and the proceeds of corrupt transactions, the


US: applicability of business judgment rule to bank officers to be considered by Supreme Court of Georgia
  • Herbert Smith Freehills LLP
  • USA
  • December 6 2013

As the UK Government shapes, and reshapes, provisions in the Financial Services (Banking Reform) Bill to make individual accountability a reality for


Corporate Crime Update - February 2016 - United Kingdom Europe
  • Herbert Smith Freehills LLP
  • United Kingdom, European Union
  • February 29 2016

Sweett Group PLC has been sentenced and ordered to pay £2.25 million as a result of a conviction arising from a Serious Fraud Office (SFO


Macau and PRC authorities target “underground moneyshops”
  • Herbert Smith Freehills LLP
  • China, Macau
  • August 27 2015

On August 24, 2015, Macau police raided five pawnshops, arrested 17 people and seized 11 UnionPay point-of-sale terminals in connection with alleged