Everything Compliance-Episode 12
Amendments to the Rules for Conducting Currency Transactions in the Republic of Kazakhstan (the Amendments) came into effect on January 1, 2025. From now on, banks will control the acquisition of foreign currency by reference...more
On March 5, the U.S. District Court for the Eastern District of Virginia dismissed a purported class action complaint in which plaintiffs alleged the defendant banks used “fictional” foreign exchange rates that deviated from...more
Alien Tort Statute (ATS)/Torture Victims Protection Act (TVPA)/Anti-Terrorism Act (ATA) - District Court Dismisses ATS Claim Where Alleged Conduct in US Was Not Directly Linked to Injuries Claimed in Other Countries - ...more