THINGS YOU MAY HAVE MISSED – SEPTEMBER 10

10 SEPTEMBER 2022

UK: RIGHT TO RENT CHECK GUIDE FOR LANDLORDS & TENANTS

On 9 September, Richmond Chambers published this article about this requirement.  All landlords in England are required by law to conduct a ‘right to rent’ check before leasing their property to a prospective adult tenant.  The purpose of this requirement, introduced by the Immigration Act 2014 as part of the government’s ‘hostile environment’ policy, is to prevent people without lawful immigration status from accessing the private rental sector.

https://immigrationbarrister.co.uk/right-to-rent-check-guide-for-landlords-tenants/

PANAMA: FORMER MAYOR JAILED 5 YEARS FOR EMBEZZLEMENT

On 9 September, Newsroom Panama reported that a former mayor of Colón, Dámaso García, has been sentenced to 5 years in jail for embezzlement, which occurred between January 2009 and June 2010.

https://www.newsroompanama.com/news/former-colon-mayor-jailed-five-years-for-embezzlement

NIGERIA SEIZES DONKEY GENITALS TO BE SMUGGLED TO HONG KONG

On 9 September, the New Zealand Herald reported that Nigerian officials have seized thousands of donkey penises that were about to be exported to Hong Kong.

https://www.nzherald.co.nz/world/nigeria-seizes-donkey-genitals-to-be-smuggled-to-hong-kong/Q6MOQN7Z2ZA3I3NC6ZBHL46AQ4/

AUSTRALIAN: STING OPERATION OFFERS FRESH INSIGHTS INTO CRIMINAL MONEY LAUNDERING

On 9 September, an article from Thomson Reuters says that a recent covert operation revealed a lot about how transnational organised crime syndicates operate their money laundering activities.  Operation Ironside saw Australian and US police working covertly to seed 12,000 encrypted mobile phones into the criminal underworld.  It eventually expanded to include 9,000 law enforcement officers from 17 countries and the authorities secured a treasure trove of data, including 27 million messages from more than 300 organised crime groups.

https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/australia-money-laundering-sting/

SUPPLY CHAIN DUE DILIGENCE REQUIREMENTS FOR CERTAIN COMPANIES DOING BUSINESS IN GERMANY SOON TO GO INTO EFFECT

On 9 September, Jackson Walker reported that on 1 January, the so-called Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz) will come into effect in Germany, and many companies doing business in Germany will need to ready their compliance operations in the coming months.  The Act introduces several new compliance requirements across human rights and environmental issues intersecting with supply chain operations.

https://www.jdsupra.com/legalnews/supply-chain-due-diligence-requirements-8716530/

GUIDE TO NEW CHINESE DATA PROTECTION LAWS

On 8 September, an article from Simmons & Simmons offered information and links to articles and resources our team has prepared on the new China data protection laws.  These include the Personal Information Protection Law (PIPL), the China Data Security Law (DSL), the Cyber Security Law and the various lower-level data regulations, policies and guidelines.

https://www.simmons-simmons.com/en/publications/cktjz1u7p1a0f0a37zhk3huv7/guide-to-the-new-china-data-protection-laws

https://www.linkedin.com/posts/fraudwit_scams-scamawareness-workfromhome-activity-6974172783689793536-klIb

MONEY LAUNDERING THROUGH THE GAMBLING INDUSTRY

This brief guide is from the Basel Institute on Governance.

https://baselgovernance.org/sites/default/files/2022-09/QG28%20gambling.pdf

NEW FRENCH BILL COULD GIVE AUTHORITIES POWERS TO SEIZE CRYPTO ASSETS

On 9 September, Coindesk reported on a new law that would give the police greater power to freeze assets that could otherwise escape their clutches and be laundered away.  It would extend the rules that already apply to conventional bank account holdings to crypto assets.  Bank holdings in France can be seized when authorized by a public prosecutor or investigating judge

https://www.coindesk.com/policy/2022/09/09/new-french-bill-could-give-authorities-powers-to-seize-crypto-assets/

RESERVE BANK OF INDIA TO PREPARE “WHITELIST” AS GOVERNMENT CRACKS DOWN ON ILLEGAL LOAN APPS

On 10 September, the Economic Times reported that the Ministry of Electronics & Information technology (MeitY) will ensure that only “Whitelist” Apps are hosted on App Stores.

https://economictimes.indiatimes.com/news/economy/finance/reserve-bank-of-india-to-prepare-whitelist-as-government-cracks-down-on-illegal-loan-apps/articleshow/94097503.cms

BOLIVIAN COCA FARMERS MARCH ON CAPITAL

On 9 September, Swissinfo reported that thousands of coca farmers have marched into the Bolivian capital of La Paz and set ablaze to what they claimed was an illegal new market for the leaf.  The market was established in October 2021 in addition to 2 existing wholesale coca markets chartered under Bolivian law.  The coca leaf has long been grown in the Andes for its nutritional and medicinal benefits, while also being the raw material for cocaine.

https://www.swissinfo.ch/eng/bolivian-coca-farmers-march-on-capital–burn-disputed-market/47887296

WARNING THAT OPEN BANKING FRAUD THREATENS TO COMPLETELY RUIN THE EUROPEAN OPEN BANKING ECOSYSTEM

On 10 September, the Fintech Times reported on an “urgent warning” about the serious risks facing European financial institutions operating in the open banking ecosystem resulting from the increased levels of open banking fraud.

https://thefintechtimes.com/open-banking-fraud-threatens-to-completely-ruin-the-european-open-banking-ecosystem-warns-konsentus/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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