Search for:
Category

Corporate Compliance

Category
In Cybersecurity, Data and Tech

Fraud in the Modern Era and a Proactive Approach to Anti-Fraud Practices

by , and 4 Mins Read

Fraud poses significant legal, financial, and reputational risks for organizations. The FBI’s 2025 Internet Crime Report highlights over $16 billion in losses due to internet-related crimes, including phishing, extortion, and personal data breaches. ISO 37003, published in May 2025, provides guidelines for managing fraud risks through prevention, detection, response, and evaluation. Effective fraud control systems help organizations comply with legal standards and mitigate liability. ISO 37003 can integrate with other ISO standards to create a comprehensive Governance, Risk, and Compliance framework, aiding organizations in safeguarding against both internal and external fraud.

Read More
In Corporate Compliance

Singapore: Clarification on non-preferential country of origin declarations

by , and 4 Mins Read

In response to heightened scrutiny over country of origin declarations amid ongoing global tariff tensions, Singapore Customs issued Circular No. 06/2025 on 9 June 2025 to provide important clarification on the applicable preferential and non-preferential rules of origin when declaring the “country of origin” for importation into, exportation out of, and transshipments through Singapore.

In Corporate Compliance

European Union: Council adopts negotiating position on investment control reform

by , , , and 5 Mins Read

On 12 June 2025, the representatives of the EU Member States in the Committee of Permanent Representatives (Coreper) approved the Council’s negotiating mandate to revise Regulation (EU) 2019/452 (EU FDI Screening Regulation) on the screening of foreign direct investment (FDI). This clears the way for the so-called trialogue negotiations with the European Parliament and the European Commission. The aim of the reform is to strengthen the EU’s ability to respond to security-related risks of foreign investments and forms part of the EU Commission’s agenda of an ‘open strategic autonomy’ – while at the same time maintaining an open and investment-friendly environment.

In Corporate Compliance

Hong Kong: New re-domiciliation regime comes into effect

by , and 4 Mins Read

On 23 May 2025, the Hong Kong government gazetted the Companies (Amendment) (No.2) Ordinance, enacting a comprehensive re-domiciliation regime that allows non-Hong Kong incorporated companies to re-domicile to Hong Kong while preserving corporate identity and business continuity. Applications for re-domiciliation may now be made to the Companies Registry.

Read More
In Anti-Corruption

United States: Revised corporate criminal enforcement priorities announced by the US Department of Justice

by , , , , , , , , , and 1 Min Read

On 12 May 2025 the newly issued Criminal Division White-Collar Enforcement Plan, the Head of the US Department of Justice (DOJ)’s Criminal Division, Matthew R. Galeotti, set out the Department’s priorities for corporate criminal enforcement under the new Administration and issued a number of updated policy documents.
These changes affect the Criminal Division’s Corporate Enforcement and Voluntary Self-Disclosure Policy, its policy on the Selection of Monitors (memorialized in the Memorandum on Selection of Monitors in Criminal Division Matters, and the Whistleblower Awards Pilot Program.

In AML & Financial Services Regulatory

Spain: The new version of the UNE 19601 Standard on Management System for Criminal Compliance has been published

by and 3 Mins Read

On 24 April 2025, the revised version of UNE 19601 Standard on Management System for Criminal Compliance was published, replacing the previous version from 2017. UNE 19601 is the reference standard in Spain for implementing a criminal compliance management system and it covers the requirements of the Spanish Penal Code as well as international standards in the field.
The general approach of the initial version is maintained, although modifications have been introduced to adapt it to regulatory changes (primarily, those in the Spanish Penal Code and whistleblowing management standards) and international standards of recent years (such as ISO 37301:2021 or ISO 37002:2021).

In Corporate Compliance

Spain: Draft Law on Transparency and Integrity of interest groups’ activities (lobbying activities)

by , and 6 Mins Read

The parliamentary process of the Draft Law on Transparency and Integrity of Lobbying Activities within the General State Administration and its institutional public sector has already begun. The initiative aims to transform the opaque perception of interest groups at the state level by imposing greater transparency obligations and recognizing them as legitimate, responsible, and open actors in influencing policy design and public decision-making. However, it remains to be seen whether the current text will undergo significant modifications during the parliamentary process.

Read More
In Corporate Compliance

United States: Enforcement of CTA and BOI reporting rule suspended against US companies and citizens

by 2 Mins Read

Over the past week there have been two significant announcements by US Financial Crimes Enforcement Network and the US Department of the Treasury with respect to the filing of beneficial ownership information (BOI) reports under the Corporate Transparency Act (CTA). Based on these announcements, foreign reporting companies should technically continue complying with the BOI requirements, though there will be no consequences for failing to do so until new regulations are issued. As to domestic reporting companies, there should not be any enforcement of the CTA against such companies or consequences if such companies fail to file BOI reports.

In Corporate Compliance

United States: Enforcement of CTA and BOI reporting rule suspended against US companies and citizens

by 2 Mins Read

Over the past week there have been two significant announcements by US Financial Crimes Enforcement Network and the US Department of the Treasury with respect to the filing of beneficial ownership information reports under the Corporate Transparency Act. Based on these announcements, foreign reporting companies should technically continue complying with the BOI requirements, though there will be no consequences for failing to do so until new regulations are issued. As to domestic reporting companies, there should not be any enforcement of the CTA against such companies or consequences if such companies fail to file BOI reports.

In Anti-Corruption

United States: Spring brings CTA reporting deadline

by , and 3 Mins Read

As of 18 February 2025, the US Treasury’s Financial Crimes Enforcement Network is once again authorized to enforce the beneficial owner interest (BOI) reporting provisions of the Corporate Transparency Act . Therefore, beneficial ownership interest report filing by Reporting Companies is once again mandatory with an extended deadline of March 21, 2025, for many companies.

Read More
Load More