Exchange Control in UK Law
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Increasing US Enforcement Action for Sanctions Violations by Crypto Exchanges Likely to Have Ripple Effect in UK and Europe
The investigation and enforcement of potential sanctions violations by crypto exchanges is an area of focus in the US at present. The US Department of the Treasury’s Office of Foreign Assets Contr...... ... (OFAC) recent settlement with Kraken, a global virtual currency exchange, is the most recent OFAC case demonstrating the risks for virtual currency ... ...
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Enhancing the US-UK Sanctions Partnership
The Directors of the UK Office of Financial Sanctions Implementation (OFSI) and the US Office of Foreign Assets Control (OFAC), Giles Thomson and Andrea Gacki, have announced, via a joint press sta...... ... Implementation (OFSI) and the US Office of Foreign Assets Control (OFAC), Giles Thomson and Andrea Gacki, have announced, via a joint press statement1, the details of the conclusion of a multi-day technical exchange and an enhanced OFSI and OFAC partnership. They noted that the partnership ... ...
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Global Share Plans Portal - Your Global Expedition Starts Here
... ... requirements tax favoured plans securities law issues exchange control issues The portal is not a substitute for professional advice ... ...
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Employee Share Schemes - Going Global
... ... further plans which are modified to take account of local tax, exchange control or securities laws in overseas jurisdictions. Clearly, the ... ...
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Sanctions/Export Highlights [As of October 20, 2022]
New U.S. and UK Sanctions Partnership: On October 13, 2022, the Office of Foreign Assets Control (“OFAC”) and the UK’s Office of Financial Sanctions Implementation (“OFSI”) announced that they had ...... ... Partnership: On October 13, 2022, the Office of Foreign Assets Control (OFAC) and the UKs Office of Financial Sanctions Implementation (OFSI) ... had concluded multi-day meetings in London involving technical exchange of information between the two sanctions authorities. The agencies have ... ...
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AIM companies and Scottish partnerships to be brought within the scope of the PSC register regime
From 24 July 2017, UK companies whose shares are admitted to trade on the London Stock Exchange’s AIM market, and other companies listed on prescribed markets, will no longer be exempt from the req...... ... companies whose shares are admitted to trade on the London Stock Exchange’s AIM market, and other companies listed on prescribed markets, will no ... information at Companies House about the persons who ultimately control them ... On 6 April 2016, the majority of companies and LLPs ... ...
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UK Implements Changes to Beneficial Ownership Register Regime
On 26 June 2017 the Information about People with Significant Control (Amendment) Regulations 2017 (the "2017 Regulations") were brought into force. Key changes brought about by the 2017 Reg...... On 26 June 2017 the Information about People with Significant Control (Amendment) Regulations 2017 (the "2017 Regulations") were brought into ... companies trading on the AIM market of the London Stock Exchange and other prescribed markets (such as the NEX Exchange Growth Market) are ... ...
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Enforceability Of English Arbitration Agreements And A Cautionary Tale On SAFE Registration In China
... ... the prior authorisation of the State Administration for Foreign Exchange ("SAFE"). Jianlong claimed that, during the negotiation of the ... conspired with Jianlong to contravene Chinese foreign exchange control law ... Separability of arbitration agreements ... Jianlong's case, ... ...
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Capital Controls In The UK?
... ... of the world has abandoned or substantially relaxed capital and exchange controls. International trade and investment has grown dramatically since ... looks at the legalities and practical issues related to exchange control, which concludes: ... The UK would be unlikely to meet EU rules that ... ...
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PSC Regime: People with Significant Control – Implications of New Regime for Corporates
Changes to the Companies Act 2006 as a result of the Small Business, Enterprise and Employment Act 2015 are intended to increase transparency over the ownership and control of UK companies and LLPs...... ... Transparency Rules (“DTR 5”) (primarily companies with shares admitted to trading on the Main Market of the ... London Stock Exchange or on AIM) or alternative disclosure rules designated as equivalent. Equivalency has ... been given to companies with voting shares admitted to ... ...
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