legislation

Nigeria updates Money Laundering and Terrorist Financing laws; but pardons make a mockery of stance.

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This week, Nigerian President Muhammadu Buhari has signed three Bills, bring them into law. Bucking the global trend to try to incorporate multiple aspects of financial crime law into a single piece of legislation, the new Acts are the Money Laundering (Prevention and Prohibition) Act, 2022, the Terrorism (Prevention and Prohibition) Act, 2022, and the Proceeds of Crime (Recovery and Management) Act, 2022. But the word of the day is "irony."

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What is "exit day"?

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The European Union (Exit) Act, as originally drawn, defined exit day as "such day as a Minister of the Crown may be regulations appoint" but that was later amended. But even now, it's not as fixed as it appears.

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The status of EU law in the UK after withdrawal

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Perhaps the most important question arising out of the whole withdrawal issue is this. What status will EU law have, in the UK, after Exit Day?

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Sanctions, regulatory and enforcement notices

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This section collates news and information feeds from government departments and regulators around the world.

There is no cost to governments or regulators to have their information feeds appear here.

Viewing the information in this page is free of charge and does not require registration on this website. It may be necessary to register to visit some of the sources.

BIScom Subsection:

Compliance

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New Zealand : behind the times but rushing to catch up

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New legislation introduced into New Zealand's parliament yesterday will plug some surprising holes in the country's counter-money laundering laws. But it's important to recognise that New Zealand has some special problems that, in essence, mean that this developed economy should be measured against developing economies when regulatory, etc. rules are considered, says Nigel Morris-Cotterill. The Bill contains one major foul-up, he says.

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