Popular, China, Financial Institutions

China Monthly Data Protection Update: May 2025

Dacheng on 5/29/2025

This monthly report outlines key developments in China’s data protection sector for May. The following events merit special attention...more

Outbound Investment Rules and Implications on U.S. Loan Documentation

McGuireWoods LLP on 4/29/2025

The U.S. outbound investment security program, or Outbound Investment Rules, went into effect on Jan. 2, 2025, and financial institutions have had a few months to adjust to the new regulations....more

Combatting Scams in Australia, Singapore, China and Hong Kong

K&L Gates LLP on 4/24/2025

The increased reliance on digital communication and online banking has created greater potential for digitally-enabled scams. If not appropriately addressed, scam losses may undermine confidence in digital systems, resulting...more

New DOJ Limits on Cross-Border Data Transfers Prompt Assessment by Businesses

Lathrop GPM on 4/3/2025

On April 8, the National Security Division of the U.S. Department of Justice’s (DOJ) new rule on cross-border data transfers takes effect. It restricts U.S. businesses from transferring certain bulk sensitive personal data to...more

A Tale of Two CBDCs: e-CNY v. Digital Euro

Hogan Lovells on 2/20/2025

As global momentum appears to be building for the development of central bank digital currencies (CBDCs) – bringing with it the potential to disrupt and revolutionize global payments and finance - we have taken the...more

Developments in Global Sanctions Compliance with a Focus on Russia, Belarus and China

American Conference Institute (ACI) on 9/23/2024

Sanctions imposed by the United States, the United Kingdom, and the European Union against Russia, China, and other parts of the world are fast-evolving. Such geopolitical shifts are creating new risks and placing further...more

Significant UK Court of Appeal Decision Confirms the Applicability of the UK’s Proceeds of Crime Legislation to Illegality in...

Skadden, Arps, Slate, Meagher & Flom LLP on 7/8/2024

The UK Court of Appeal recently held that the National Crime Agency’s decision not to investigate whether cotton goods manufactured in China and imported to the UK were the product of forced labour was unlawful — a decision...more

U.S. Congress Mandates Wide Range Of Sanctions In Ukraine, Israel, And Taiwan Aid Bill

K2 Integrity on 5/14/2024

On 24 April 2024, President Biden signed into law H.R. 815, “Making Emergency Supplemental Appropriations for the Fiscal Year Ending September 30, 2024, and for Other Purposes” (the Act). The long-awaited piece of legislation...more

Global Finance: Today’s Risks and Rewards in an Evolving Industry

Womble Bond Dickinson on 3/18/2024

The global finance industry has been undergoing a significant shift in recent years, with investment patterns showing a slow but steady pivot towards Low Income, Lower Middle Income, and Upper Middle Income nations, as...more

FinCEN’s Proposed Rule to Regulate Investment Advisers: The Questions Industry Should Be Following

Pillsbury Winthrop Shaw Pittman LLP on 3/15/2024

FinCEN is focused on customer due diligence, and both the 2024 Investment Adviser Risk Assessment and proposed rule indicate that investment advisers will be expected to assess customer identity, business model, and sources...more

Navigating U.S. Sanctions and Export Control Restrictions

American Conference Institute (ACI) on 11/14/2023

Over the last several months, companies have become entangled in an increasingly complex web of new and expanded sanctions and export control restrictions related to Russia in response to its war on Ukraine. The current...more

[Event] European Forum on Global Economic Sanctions - June 1st - 2nd, Berlin, Germany

American Conference Institute (ACI) on 5/1/2023

Hosted by C5 Group, the European Forum on Global Economic Sanctions is recognized as Europe's Premier, longstanding gathering for financial institutions and global exporters. The industry across Europe is confronting an...more

National Defense Authorization Act Implications for U.S. Sanctions Programs

Morrison & Foerster LLP on 12/15/2022

After months of negotiations, Congress revealed the compromise version of the National Defense Authorization Act for Fiscal Year 2023 (NDAA) on December 6, 2022. The bill, viewed as a “must-pass” piece of legislation because...more

Top 10 International Anti-Corruption Developments for April 2022

Morrison & Foerster LLP on 5/18/2022

Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption developments from the past month, with links to...more

Fintech Legal Report - August 2021

Perkins Coie on 9/2/2021

Senators Inquire about CFPB’s Fintech Agenda - On July 27, 2021, Senator Sherrod Brown, the Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to the Consumer Financial Protection...more

Decoded: Technology Law Insights, Volume 2, Issue 10

Spilman Thomas & Battle, PLLC on 5/27/2021

PA Health Dept Sued; Investigation Looms, After Contact Tracing Breach "The PA health dept. is being sued, after employees of its vendor Insight Global set up an unsecured channel to share COVID-19 contact tracing data,...more

China’s Digital Currency and What This Could Mean For Foreign Companies and Financial Institutions in China

Orrick, Herrington & Sutcliffe LLP on 2/10/2021

China is operating increasingly on a cashless basis. In 2020, cashless transactions amounted to US$49 trillion, accounting for every four out of five payment transactions. The Chinese government has now taken a large leap in...more

Financial Daily Dose 2.7.2020 | Top Story: Credit Suisse CEO Tiam Out in Wake of Corporate Spying Scandal

Robins Kaplan LLP on 2/7/2020

Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had...more

Financial Daily Dose 12.04.2019 | Top Story: Google Co-founders Step Down From Executive Roles at Parent Alphabet

Robins Kaplan LLP on 12/4/2019

Google announced late Tuesday that co-founders Larry Page and Sergey Brin are “stepping down from executive roles at Google’s parent company, Alphabet.” Google CEO Sundar Pichai will now helm both operations, while Page and...more

Financial Daily Dose 11.19.2019 | Top Story: T-Mobile Chief John Legere to Leave Company in April

Robins Kaplan LLP on 11/19/2019

T-Mobile chief and fan-of-magenta John Legere has announced that he’ll be stepping down in April at the end of his current contract. Legere will be succeeded by Mike Sievert, the carrier’s current president and COO....more

Jurisdictional Lessons from Mt. Gox Cryptocurrency Litigation

Bilzin Sumberg on 9/9/2019

Last week, on the heels of a significant decline in Bitcoin prices, Forbes reported that China’s Central Bank is set to launch the world’s first state-backed cryptocurrency. The cryptocurrency will be made available initially...more

Chinese Authorities Appear to Increase Scrutiny on Marketing of Offshore Wealth Management Products

Morgan Lewis on 10/23/2018

Under recent Chinese banking regulations, which include the increased regulation of asset and wealth management products, licensed commercial banks must have prior approval and licensing to engage in the marketing and sale of...more

Blockchain Week in Review - July 2018 #3

Perkins Coie on 8/8/2018

U.S. Developments - Regulatory Updates - New York Stock Exchange Owner to Offer New Ways to Invest in Digital Assets - On August 3, the Intercontinental Exchange, the parent company of the New York Stock Exchange,...more

Global Privacy & Cybersecurity Update Issue 18 | June 2018

Jones Day on 6/25/2018

JONES DAY CYBERSECURITY, PRIVACY & DATA PROTECTION ATTORNEY SPOTLIGHT: Richard Martinez - Europe's new General Data Protection Regulation ("GDPR") is driving an evolution in corporate privacy practices globally. As...more

China Further Opens Up Its Financial Sector to Foreign Investors

Miller Canfield on 5/30/2018

China announced new policies to further open its financial sector to foreign investors in November 2017, and has recently updated its timetable to implement these policies. On April 10, 2018, President Xi Jinping made a...more

Today's Popular Updates › China › Financial Institutions

"My best business intelligence, in one easy email…"