AML – How to Effectively Implement Transaction Monitoring?
A financial institution should actively monitor its customers’ payment traffic through transaction monitoring with the aim of identifying unusual activity (including unusually large transactions, transactions to/from high-risk countries, or deviations from a customer’s expected payment behaviour etc.). But transaction monitoring is also essential for lenders, factoring companies and crowdfunding platforms, where payments are usually made via bank transfers or direct debits, to comply with Wwft rules. Read more about this in our latest article.
Global Labour Reforms in Focus: Key Takeaways from the G20 Labour Ministers’ Meeting
In this latest article by Chambers.com the collaborative role of the B20 taskforce, alongside key international organisations, in shaping the discussions and final recommendations, underscoring the responsibility of employers to prioritise these critical issues is highlited.
Navigating the Waters of Director’s Personal Liability and Its Inheritance: A Legal Perspective
Personal liability for a company’s debts can now be inherited. A director’s personal liability for a company’s outstanding debts does not simply disappear on death. Instead, this responsibility is transferred to the director’s heir(s).
Strategic decision-making, transparency and the need for comprehensive legal and financial preparation are of great importance to anyone involved in or connected to the business sphere. Understanding these dynamics and preparing for their implications is crucial for both protection and forward planning.
Deliveroo’s legal legacy: a tale of two jurisdictions and the shifting sands of the Gig Economy
The Dutch and UK Deliveroo rulings show that similar scenarios can have vastly different outcomes in different jurisdictions. Entrepreneurs planning to expand internationally must be mindful of the variances in legal frameworks and regulations across borders. A lack of preparation for international expansion can lead to costly setbacks rather than successful growth.
The Dutch National Bank (DNB) scolded – founders DeGiro can be trusted
Wwft continues to occupy minds. The court overturns DNB’s earlier decision that founders of DeGiro are untrustworthy dismissing much of the evidence. At issue are six facts presented by DNB, which, by court order, may now not be used to prove any untrustworthiness of DeGiro’s founders.
A conversation with Edith Nordmann, Managing Partner
Edith Nordmann is managing partner at ACG International. Prior to that she has worked for fifteen years as an attorney for international clients. In this interview we meet her.