INTRODUCTION The acclamation and social status that are linked to a winning team combined with the investment in clubs with little apparent expectation of a financial return have made the industry attractive to some criminals. The European Commission (Commission)  recognises that sport can be attractive to criminals in order to launder funds due to the […]

The European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 (the regulations) came into force on 8 August. The regulations extend to independent legal professionals and other relevant businesses or professionals the requirement to inform the Office of Financial Sanctions Implementation (OFSI) of known or suspected financial sanctions breaches. (An independent legal professional is defined in […]

America’s decision to scrap rules designed to ensure a free and open internet leaves the European Union as the biggest market where Net neutrality still prevails — but critics say the EU is not a level playing field. Consumer rights groups complain that EU regulations are being interpreted in ways that allow telecom firms and […]

There are good reasons why so few meaningful laws exist to govern the Internet. If there were an easy way to govern it, many more such laws would presumably have been implemented years ago. Cyberspace is a fast moving and ever-changing landscape that caters to criminality, and illegal and outrageous behavior. No set of laws […]

The FCA has published a new webpage reminding firms of their anti-money laundering obligations in light of recent EU asset freezes against certain individuals in response to events in Ukraine. The webpage encourages firms to take steps necessary to ensure that they continue to meet legal and regulatory anti-money laundering and reporting requirements. A reminder […]