Finanšu ministrija/ Ministry of Finance of the Republic of Latvia’s Post

FSC Korea Amends Rules to Boost Competitiveness of Public Funds South Korea’s FSC has announced regulatory amendments aimed at enhancing the competitiveness of public funds while also enhancing investor protections. Financial Services Commission/Korea Financial Intelligence Unit https://lnkd.in/dieYwMNX

The Financial Action Task Force (FATF) hosted its Plenary between 23-25 October. Key outcomes include: ➡️ The continued suspension of the Russian Federation’s membership; ➡️ The addition of Algeria, Angola, Côte d’Ivoire, and Lebanon to the list of jurisdictions subject to increased monitoring (Grey List); ➡️ The removal of Senegal from the list of jurisdictions subject to increased monitoring (Grey List); ➡️ The addition of Senegal and the Cayman Islands as guest jurisdictions; ➡️ The adoption of Mutual Evaluation reports for Argentina and Oman;  ➡️ The agreement to release for public consultation proposed changes to the standards on financial inclusion; ➡️ The revision of the national money laundering risk assessment guidance; ➡️ The commencement of a review to ensure countries do not misuse FATF standards to restrict the activities of nonprofit organisations. ✅ Firms should review the latest plenary updates and note any control reviews required following changes to the Grey List Learn more: https://lnkd.in/ecXKaPJ7 💡 Plenitude #Compass has been developed specifically for Financial Crime Compliance teams to keep you informed of changes to geographical risk and its implications for numerous financial crime controls. Visit our website for more information: https://lnkd.in/eDKYnJ2k

𝐓𝐓𝐒𝐄 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝟐𝟎𝟐𝟒 Panel Discussion: 𝘼𝙙𝙖𝙥𝙩𝙞𝙣𝙜 𝙩𝙤 𝙍𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙎𝙝𝙞𝙛𝙩𝙨: 𝙄𝙢𝙥𝙖𝙘𝙩 𝙤𝙣 𝙏𝙧𝙞𝙣𝙞𝙙𝙖𝙙 & 𝙏𝙤𝙗𝙖𝙜𝙤'𝙨 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙇𝙖𝙣𝙙𝙨𝙘𝙖𝙥𝙚 This panel delves into the recent regulatory transformations affecting Trinidad & Tobago's financial sector. Industry experts will analyze how these regulatory shifts are reshaping the financial landscape and discuss effective strategies for institutions to adapt and thrive in this dynamic environment. Register now by clicking the link below: https://lnkd.in/ePUz92bB

Thanks to Action 13, the Inclusive Framework on Base Erosion and Profit Shifting (IF) is making great strides! Approximately 120 jurisdictions have implemented laws for Country-by-Country Report (CBCR) filing, impacting nearly all multinational enterprises (MNEs) above the EUR 750,000,000 threshold.  Excitingly, over 4,100 bilateral relationships have been formed for CBCR's automatic exchange of information (AEOI).  Today, about 80 IF members have laid the groundwork for receiving these reports. 

📢 Full data set of known treaty-based investor-State dispute settlement (ISDS) compiled by UN Trade and Development (UNCTAD) is now available. No password or logins needed, free-of-charge access to important data for Government officials and other stakeholders in the investment and development community. https://lnkd.in/e4b39Q67

**FCA Invites Industry Input to Enhance Investor Protection** The United Kingdom's Financial Conduct Authority (FCA) is actively seeking public comments as it explores ways to streamline and improve investor protection rules. This new consultation aims to refine requirements affecting firms under the Markets in Financial Instruments Directive II (MiFID II), transitioning to more effective and accessible regulations. By gathering feedback from industry stakeholders, the FCA is taking a significant step towards tailoring investor protection measures that better suit the UK market environment. This initiative invites financial firms, investors, and other key stakeholders to voice their opinions on the current rules. The goal is to ensure that the regulatory framework is not only robust but also adaptable to the evolving financial landscape. The FCA's outreach underscores its commitment to safeguarding investor interests while also promoting transparency and efficiency within the financial markets. Your input could make a difference. What changes would you propose to improve investor protection rules and enhance the efficiency of financial regulations in the UK? #InvestorProtection #FCA #FinancialRegulation #MiFIDII #UKFinance #RegulatoryUpdates

In this new series of LinkedIn Live events, PwC Canada experts share their perspectives on how Canadian financial services organizations can stay resilient and thrive in a highly complex and evolving regulatory environment. Mark Barboza Keegan Iles Kenneth Stoneham Allan Buitendag Jack Barrett #operationalresilience

Regulatory instruments for financial sector compliance in South Africa https://lnkd.in/dehS8UW3 Kent Davis & Anél De Meyer, Partners at Webber Wentzel, unpack the FSCA's latest regulatory actions report for the period 1 April 2023 to 31 March 2024.

Unlocking the Potential of Your Investments portfolio 🌐💼   Navigate the Cyprus regulatory framework effortlessly with our expert team. From licensing to corporate structures, we ensure transparency and compliance in your ventures. Connect with us for an easy journey in the financial sector! 🚀   Find out more regarding our financial advisory services: https://lnkd.in/ee_8xVEb   #cysec #financialcompliance #EnalianConsulting #compliance

SEBI Proposes Change to Granular Disclosure Rules for FPIs The proposal will reduce the risk of hidden control by entities from land bordering countries, without requiring FPIs to disclose each and every owner. SEBI https://lnkd.in/dJxrfieD