Due Diligence in UK Law
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AML and due diligence
A key part of the UK anti-money laundering (AML) regime is customer due diligence (CDD) which comprises checks that firms should apply to new customers whether or not they are high risk. Another im...
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ECJ publishes MLD3 due diligence interpretation opinion
ECJ has published an opinion in the case of Safe Interenvíos S.A. v. Liberbank S.A. and Others. Three banks had closed accounts a payment institution held with them, on the basis of money launderin...
- IP Due Diligence
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ESG due diligence
Over the last 18 months, a raft of publicity has propelled environmental, social and governance (ESG) issues to the forefront of corporate thinking. Three sources of pressure are behind this: (1) f...
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OECD Releases Due Diligence Guidance for Responsible Business Conduct
On June 20, at the 2018 Global Forum on Responsible Business Conduct, the Organization for Economic Co-operation and Development (“OECD”) formally launched its new Due Diligence Guidance for Respon...
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Is European AML Customer Due Diligence Out of Control?
Strict anti-money laundering (AML) controls apply in Europe, including under the Fourth AML Directive that took effect this past June. A key element of those is customer due diligence (CDD) by bank...
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Gibson Dunn Discusses Mandatory Corporate Human Rights Due Diligence
In this two-part alert, we examine key global legislative developments and proposals in the bourgeoning field of mandatory corporate human rights due diligence. In Part One (available here), we loo...
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HM Treasury Issues Advisory Notice – Enhanced Due Diligence Required for Higher Risk Jurisdictions
The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 require the UK regulated sector to apply enhanced customer due diligence to high-risk countries. In response to rece...
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Business and Human Rights – could the UK adopt mandatory human rights due diligence?
On 28 November 2023, Baroness Young of Hornsey introduced the Commercial Organisations and Public Authorities Duty (Human Rights and Environment) Bill (the “Bill”) to the House of Lords. If passed...
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UK ICO issues major fines and criticises lack of data protection due diligence in corporate acquisitions
The UK Information Commissioner's Office announced more than £280 million of fines last week, in connection with data protection breaches. It singled out the perceived failure of buyers to conduct ...
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