News

Wealth Report 2016

The term wealth is defined as the value of financial assets plus real estate (housing) owned by the households, less their debts.

European Union: 5th Anti-Money Laundering Directive Enters into Force

(July 16, 2018) On July 9, 2018, the amendment of the European Union (EU) Anti-Money Laundering Directive (5th AMLD) entered into force. The AMLD obligates certain entities to fulfill customer due diligence requirements when they conduct business transactions and have in place policies and procedures to detect, prevent, and report money laundering and terrorist financing. […]

Australia: New South Wales Enacts Bill to Amend Relationship References in Legislation

(July 13, 2018) On June 15, 2018, the governor of New South Wales in Australia gave assent to the Miscellaneous Acts Amendment (Marriages) Bill 2018 (NSW). (Miscellaneous Acts Amendment (Marriages) Bill 2018, PARLIAMENT OF NEW SOUTH WALES (last visited July 12, 2018); Miscellaneous Acts Amendment (Marriages) Act 2018 No 28 (NSW), New South Wales Government […]

China: Government Indicates All Virtual Currency Platforms Have Withdrawn from Market

(July 12, 2018) On July 6, 2018, the People’s Bank of China indicated that the platforms trading virtual currencies, such as Bitcoin, and dealing with initial coin offerings (ICOs) in China have “basically all safely withdrawn from the market.” Chinese authorities had identified 88 virtual currency trading platforms and 85 ICO platforms since September 2017 […]

Brazil: State of Rio de Janeiro Enacts New Law for the Support of Victims of Rape

(July 11, 2018) The State of Rio de Janeiro, Brazil, has enacted a Law to create a program for the support of victims of rape in the state. According to article 2(§ 1) of Law No. 8,007 of June 26, 2018, the testimony of the female victim and the information collected in the health unit […]

Brazil: National Supervisory of Justice Authorizes Transgender Persons to Change Name and Gender at Civil Registries Without Judicial Approval

(July 11, 2018) On June 28, 2018, the National Supervisory of Justice (Corregedoria Nacional de Justiça) issued Administrative Act No. 73 (Provimento CNJ No. 73, de 28 de Junho de 2018, National Supervisory of Justice website), which provides in article 1 for registering the change of name and gender in the birth and marriage records […]

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