FATF recommends allowing government access to beneficiaries of foreign companies

The Financial Action Task Force on Money Laundering has issued amendments to its recommendations expanding the powers of financial intelligence agencies.

The list of devices that are subject to certification or declaration according to TR CU 010/2011 comes into force in a new edition from 01.01.2022

It changes the list of products for which, in addition to the customs declaration, a confirmation of conformity (e.g. an EAC certificate or an EAC declaration) according to the technical regulation TR CU“ On safety of machinery and equipment” must be attached.

Labor plans to achieve radical tightening of financial controls in the UK

The now in opposition Labor Party has called on official London to tighten financial controls and registration procedures in the UK. The corresponding statement was made by Pat McFadden, the British shadow secretary of the Treasury.

Amid corruption scandal in the British Virgin Islands, they want to hold a referendum on independence

Discussions about independence and the possibility of a referendum have resumed as a commission of inquiry created by the British government is conducting a large-scale investigation of serious abuses by the BVI authorities.

Indonesia has officially joined the Apostille Convention

Indonesia joined the Hague Convention of October 5, 1961, which abolishes the requirement for legalization of foreign official documents (the Apostille Convention), becoming its 121st party.

Our new website is launched

We’ve been working hard over the last few months on a completely fresh design for our website which reflects our corporate values and provides our customers and stakeholders with a more intuitive and user-friendly experience.

We’re thrilled that since our last site redesign in 2011, we’ve continued to grow and expand our portfolio of business solutions for our international clients. As we’ve grown, we want to showcase our new services, our work and the people at the heart of our success.

An experiment on labeling home appliances will take place in the Russian Federation in 2022

It is impossible to import products, which are subject to the marking system “Chestny ZNAK”, into the EAEU territory, to carry out the conformity assessment procedures (e.g. in form of EAC Certification, EAC Declaration or state registration) and to sell them without such labeling.

Malta Financial Intelligence clarifies beneficiary reporting procedure

Malta clarified the procedure for establishing the identity of the ultimate beneficial owner if the corporate client's shares are held by a trust or foundation.

More than half of the companies in Spain have been inactive in recent years

51% of companies registered in Spain and formally considered active do not actually work. This is evidenced by the results of a study carried out by Iberinform, a subsidiary of Crédito y Caución.

Transfer of the EAC certificates to another certification authority

On November 17, 2021, a notification was published on the website of Rosakkreditierung (Federal Service for Accreditation). This introduced the option of transferring the EAC certificate to a new certification body.

FATF Releases New Draft Recommendations on Mandatory Registration of Beneficiaries

The Financial Action Task Force on Money Laundering (FATF) has published proposals for amendments to Recommendation 24 and its Explanatory Note on transparency and beneficial ownership of legal entities.

Major shoe manufacturers have stopped shipping shoes to Belarus due to labeling issues

Major shoe manufacturers and exporters have stopped delivering to Belarus. You explain the delivery failure with problems with the compulsory labeling of goods after the successful EAC conformity assessment, which the Belarusian authorities introduced on November 1st.

Pandora's Archives, 6 AMLD and AMLA. Three main anti-money laundering events of the year

The Pandora Archive has drawn the attention of regulators to the financial and crypto industries. The crypto exchanges have been branded as accomplices of money laundering and have been accused of having trouble with unregulated forex brokers in the Caribbean.

New requirements for testing laboratories for the mandatory EAC conformity assessment come into force

This defines the necessary information that accredited testing laboratories have to submit to Rosaccreditation for the mandatory EAC conformity assessment.

The rules for establishing and maintaining a uniform register of expert auditors have been approved

On November 11, 2021, the Government of the Russian Federation Ordinance No. 1923 of November 9, 2021 was published. The procedure for creating and maintaining a uniform register of expert auditors was thus approved.

Swedish financial supervisory authorities have claims against Danske Bank

The Swedish financial regulator (Finansinspektionen) criticized Danske Bank for "failing" to overcome problems with the anti-money laundering system.

The technical regulation TR EAEU 050/2021 for civil protection products has been published

On November 8, 2021, the decision of the Council of the Eurasian Economic Commission No. 100 "On the technical regulations of the Eurasian Economic Union" On the safety of products for civil protection and protection against natural and man-made emergencies" was published. The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

The technical regulations TR CU 004/2011 and TR CU 020/2011 will be changed

On November 16, 2021 the public discussion of the changes with regard to TR CU 004/2011 “On safety of low-voltage equipment” and TR CU 020/2011 “On electromagnetic compatibility” began. The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

The technical regulation TR CU 012/2011 On safety of the equipment for operation in explosive atmospheres is changed

On November 16, 2021 the public discussion of the draft of the Council of the Eurasian Economic Union “About changes to the technical regulations TR CU 012/2011 “On safety of the equipment for operation in explosive atmospheres“. The Technical Regulation set minimum requirements for the safety of products during the EAC Certification, EAC Declaration or state registration.

Bank of Spain launches register of cryptocurrency service providers

The official website of the institution has published instructions and forms required for registration.

China's first digital yuan-based money laundering

Chinese authorities have arrested members of a criminal group accused of money laundering using the digital yuan.

The service for tracking the importation of product samples will be created by the Federal Service for Accreditation (Rosaccreditation) and the Federal Customs Service of Russia

During the speech at the International Customs Forum 2021, the head of the national accreditation body announced the creation of a service to track the import of product samples in the course of EAC conformity assessment.

The list of devices that are subject to conformity assessment with the Technical Regulation TR CU 032/2013 will be changed

On October 27, 2021 the public discussion of the board of the Eurasian Economic Commission “On changes to the list of products for which, in addition to customs declarations, a certificate of conformity such as an EAC certificate or EAC declaration (or information about it) is required".

Hong Kong strengthens anti-money laundering legislation

The Hong Kong Securities and Futures Commission has revised its AML / CFT guidelines.

The introduction of labeling in the “Chestny ZNAK” system for bottled water is being gradually introduced by the Council of the Eurasian Economic Commission

The Council of the Eurasian Economic Commission has decided to gradually introduce labeling in the “Chestny ZNAK” system (Честный знак - honest sign) for bottled water in the countries of the Eurasian Economic Union (EAEU). This marking is required for the implementation of the EAC conformity assessment.