On 8 December 2021, Treasury issued Notice of Proposed Rulemaking to allow the public to review and comment on proposed regulations to implement the beneficial ownership information reporting provisions of the Corporate Transparency Act. Passed on 1 January 2021, the CTA imposes on so-called “Reporting Companies” the obligation to report to Financial Crimes Enforcement Network information regarding their “Beneficial Owners” and company “Applicants.”
An influx of high-profile whistleblowing cases have made headlines in recent years, and claims (and awards) are on the rise. At the same time, more defined and greater protections for whistleblowers are coming into play in the US, UK and European Union. It’s essential that multinational employers be aware of the whistleblower regulations proliferating across the globe and the notable differences between regimes.
Baker McKenzie’s Sanctions Blog published the alert titled US Issues Full Blocking Sanctions on Sberbank and Alfa-Bank; New and Amended General Licenses; New Investment Ban for Russia on 7 April 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Adds Nine Designated Belarusian Individuals, Prohibits the Provision of Insurance Services and the Export of Goods and Technologies Listed on the Restricted Goods and Technologies List to Belarus on 8 April 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Introduces Additional Designations on Nine Russian Individuals, Prohibits the Provision of Insurance, Reinsurance and Underwriting Services Relating to Russian Aircraft, Aviation and Aerospace Products on 8 April 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 30 March 2022, the Securities and Exchange Commission approved proposed rules relating to special purpose acquisition companies (SPACs) and released an accompanying fact sheet. Work on the final rules will begin following the public comment period, which ends on the later of 31 May 2022 and 30 days following the publication of the proposing release in the Federal Register.
Baker McKenzie’s Sanctions Blog published the alert titled OFAC Issues New and Amended General Licenses and FAQs; Designates more than 400 Russian Parties on 28 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On March 24, Canada amended its sanctions measures imposed on Myanmar by designating an additional 4 individuals and 2 entities. The Canadian Government indicated that these new sanctions are intended to target arms flows, individuals and entities who procure and supply arms and military equipment to Myanmar. These new measures were developed in coordination with the United Kingdom and United States.
Baker McKenzie’s Sanctions Blog published the alert titled Canada introduces additional designations on 160 members of the Russian Federation Council on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Canada prohibits export of goods and technologies listed on the restricted goods and technologies list to Russia on 30 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.