Tag Archive for politically exposed persons

Risky Business: 5AMLD and EDD

The fifth EU Anti-Money Laundering Directive (AMLD) carries significant regulatory developments particularly in relation to high-risk customers and relevant enhanced due diligence requirements. Innovations concern EDD in view of high-risk third countries, ultimate ownership information, transparency of funds, and scrutiny of political exposed persons. Essentially, the 5AMLD further raises the benchmarks for the practice of EDD on high-risk customers.

The UK Bribery Act and the Call for Integrity Due Diligence

The United Kingdom Bribery Act 2010 that came into effect on July 1, 2011, marks a new development in extraterritorial jurisdiction in the context of the worldwide campaign against corruption. This article aims to explore, in how far foreign companies are affected by the Bribery Act and what they can do in order to avoid…