LATEST ARTICLES
Australia
Jones Day
The Australian Federal Parliament has passed the Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024 ("Act"), some six years after a bill to create a 'failure to prevent' foreign bribery offence was first introduced.
Corrs Chambers Westgarth
Complex and multinational schemes are likely to mean that liquidators require extra time to commence proceedings.
Canada
Rotfleisch & Samulovitch P.C.
Canada's Income Tax Act generally bars the Canada Revenue Agency from reassessing a taxpayer's taxable income or tax payable after the expiry of the "normal reassessment period."
WeirFoulds LLP
Arbitration offers contracting parties a typically faster and more cost-effective dispute resolution alternative to traditional court proceedings.
WeirFoulds LLP
In the fateful words of Assistant U.S. Attorney Thomas Burnett: "Just because something is possible doesn't make it legal".
Osler, Hoskin & Harcourt LLP
The federal government's Budget [PDF] 2024, released on April 16, 2024, contains a number of initiatives and legislative reforms aimed at combatting financial crime in Canada...
Singleton Urquhart Reynolds Vogel LLP
In Campbell v. Toronto Standard Condominium Corporation No. 2600, 2024 ONCA 218, ("Campbell") the Court of Appeal for Ontario considered the proper interpretation of the term "fraud"...
McMillan LLP
In 2023, the Manitoba Court of Appeal released an important decision concerning the tort of bribery, which businesses should take note of.
Egypt
Andersen in Egypt
As part of efforts to safeguard tax revenues from evasion or avoidance practices, the Egyptian tax legislator has introduced penalties for tax evaders and incentives for those who Whistleblowing tax evasion.
India
Khaitan & Co LLP
The Supreme Court of India (Supreme Court) in Pavana Dibbur v The Directorate of Enforcement, 2023 SCC OnLine SC 1586, held that the offence of criminal conspiracy will be categorised as a scheduled...
Coinmen Consultants LLP
The inception of Goods and Services Tax (‘GST') marked a monumental shift in the taxation paradigm, consolidating various indirect levies into a singular levy.
Legal Scriptures
The Indian Penal Code (IPC) and the Prevention of Money Laundering Act (PMLA) are two vital pieces of legislation that deal with crime in India.
Metalegal Advocates
In the matter of Puneet Sabharwal v. CBI, the Hon'ble Supreme Court (‘SC') dismissed the appeals seeking to discharge the charges and held that exoneration in income tax (‘IT')...
Ireland
William Fry
See our recent article detailing key aspects of the report here. The Report describes financial crime as involving the abuse of the financial system by criminal actors.
Monaco
CMS Pasquier Ciulla Marquet Pastor Svara & Gazo
Ces dispositions imposent de nouvelles obligations qu'il convient de garder à l'esprit dans le cadre de l'organisation de son patrimoine.
CMS Pasquier Ciulla Marquet Pastor Svara & Gazo
These provisions impose new obligations that should be borne in mind when organising your assets.
CMS Pasquier Ciulla Marquet Pastor Svara & Gazo
L'un des nombreux objectifs de la loi 1.559 du 29 février 2024, portant adaptation des dispositions législatives en matière de lutte contre le blanchiment de capitaux.
CMS Pasquier Ciulla Marquet Pastor Svara & Gazo
One of the many objectives of Law 1.559 of 29 February 2024, adapting the legislative provisions on the fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction, is to bring Monegasque legislation on trusts into line with FATF standards.
Nigeria
Bloomfield Law
On April 9, 2024, the Economic and Financial Crimes Commission ("EFCC") in its monthly e-magazine Alert released a statement on the use of foreign currency ("FX") as a means of payment...
ENS
A significant recommendation of the State Capture Commission, the introduction of a failure to prevent corruption offence, has been introduced in South Africa with effect from 3 April 2024.
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