The following Financial Services practice note provides comprehensive and up to date legal information covering:
The Fifth Money Laundering Directive (EU) 2018/843 (MLD5), which amends the Fourth Money Laundering Directive (EU) 2015/849 (MLD4), was published in the Official Journal of the EU on 19 June 2018 and entered into force on 9 July 2018. Member States were required to transpose the new rules into national law by 10 January 2020.
MLD4 was implemented in the UK by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (MLRs), which entered into force on 26 June 2017. MLD5 amended certain provisions of MLD4 on 19 June 2018. Through its Action Plan, the European Commission plans to overhaul the EU legal and regulatory anti-money laundering and counter-terrorist financing framework, including repealing MLD4 (as amended by MLD5). A detailed overview of the proposed changes are set out in Practice Note: European Commission 2020 Action Plan on AML/CTF and 2021 legislative package.
This Practice Note outlines the key provisions of the Fifth Money Laundering Directive (EU) 2018/843 (MLD5) which was published in the Official Journal of the EU on 19 June 2018 and their transposition into UK law under the Money Laundering and Terrorist Financing (Amendment) Regulations 2019, SI 2019/1511 (which amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the
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Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a building contract. It considers the difference between liquidated damages and general (or unliquidated) damages and looks at the enforceability of
European Insurance and Occupational Pensions Authority (EIOPA)BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements
When transferring an interest in land, any fixtures form part of the land and are transferred with it, unless there is express provision to the contrary. Fittings (also known as chattels) do not form part of the land and will not be included unless it has been expressly agreed otherwise. Difficulty
A certificate of title (also known as a certificate on title) is a particular species of report on title.When solicitors are instructed to investigate title to land (for instance, when land is being acquired or offered up as security), they will write a report on title for their client, which sets
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