Day: November 9, 2019

On the Order Paper for the November sitting of the Isle of Man’s parliament, the first Order is intended to amend the Island’s law to align its tipping-off legislation so that it is commensurate with the FATF Recommendation 21 (Tipping-Off and Confidentiality) and to make explicit the offence of tipping off found within section 145 of POCA 2008.  In this context, “tipping off” refers to the act of divulging that a matter has been disclosed (either to the FIU or a nominated person) suggesting that a money laundering offence under Part 3 of POCA 2008 has been committed.  This was an issue identified in MONEYVAL’s Mutual Evaluation Report of the Island (and in a preceding 2009 IMF report).  Other amendments made by the Order are intended to assist with the legitimate disclosure of information within group companies and financial institutions, to allow proper liaison within the sectors when suspicions are held to provide for voluntary information sharing, to meet CDD obligations.

The second Order makes corresponding changes in respect of the Anti-Terrorism and Crime Act 2003.

http://www.tynwald.org.im/business/opqp/sittings/20182021/2019-SD-0397.pdf

http://www.tynwald.org.im/business/opqp/sittings/20182021/2019-SD-0398.pdf

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

On 5^th November, Herbert Smith Freehills published a report with infographics which is a helpful tool to keep track of digital regulation across the UK and EU (including developments relating to the Digital Single Market).  The horizon-scanning timeline includes an overview of key recent and upcoming regulatory dates across a range of focus areas, including consumer protection, disinformation, online harm, audio-visual media, data protection and cyber security.  The firm says that it intends to release regular updates to the timeline going forward.

An example of the infographics –

https://www.herbertsmithfreehills.com/file/39671/download?token=2_iTHN9x

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

On 8^th November, Loadstar carried an article saying that new ICAO rules from 2021 will require all freight to be screened, which in part can be done with dogs, but there are concerns that not enough animals will be trained in time.  In the US, a third-party K9 cargo programme began in November 2018, which allowed private operators to train and use dogs for cargo screening. There are an increasing number of vendors – but still not enough to satisfy likely demand in 2021.

https://theloadstar.com/cargo-screening-forwarders-will-need-to-sniff-out-more-dogs-by-2021/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Law 360 has released a 5-part podcast series which explores some of the legal scenarios playing out for cannabis businesses across the country.  It contains first-hand accounts from the businesses and attorneys grappling with an industry that is often legal at the state level but prohibited at the federal level.

https://www.law360.com/explores

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

On 8^th November, Kenneth Rijock in his blog reported that, after years of delay, the last significant fugitive from justice in the Stanford International Bank Ponzi scheme, Antigua’s former banking regulator Leroy King, has been extradited to face multiple charges in the US.  He was able to defer his 2009 extradition order for more than a decade.

http://rijock.blogspot.com/2019/11/after-decade-of-delays-by-antigua-leroy.html

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y