The Financial Stability Board (FSB) has announced the establishment of a forum on cross-border payments data, a key outcome from the FSB's recommendations for data frameworks related to cross-border payments published in...more
Following the 2021 report, the South African Parliament adopted legislative changes in the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 (the GLA Act) to give effect to the...more
On June 27, a broad lineup of U.S. government departments and agencies issued an “Africa Gold Advisory.” The 29-page Advisory, jointly issued by the U.S. Departments of State, Treasury, Commerce, Homeland Security, and Labor,...more
The introduction of economic substance requirements in offshore jurisdictions has sharpened the impetus for investment fund managers to establish a physical office where their funds are incorporated. Here are six good reasons...more
The impact of crypto-assets on the global financial system continues to be a subject of debate for regulatory and supervisory authorities....more