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Insights and Analysis

Deepfakes and financial fraud: what next for the UK financial sector?

As the global AI arms race intensifies, should financial institutions in the UK be concerned about fraudsters’ recent gains? Answer: yes. Beware “deepfakes”.

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Disciplinary, litigation risk - AFRC highlights skill shortage in Hong Kong public interest entity audits

The Accounting and Financial Reporting Council (AFRC) has published its first report on the public interest entity (PIE) audit market in Hong Kong. Reviewing its own survey of PIE auditors, ...

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Is the writing on the wall for the shareholder principle? Privilege update in Hong Kong

The concept of the “shareholder principle” in English law provides that a company cannot assert privilege against its own shareholders, unless the privileged documents in...

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Payments innovation: Bank of England signals more regulatory and infrastructure changes ahead

A speech by the Bank of England’s Deputy Governor for Financial Stability, Sarah Breeden, at the Innovate Finance Global Summit 2024, considered the implications of new technologies...

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Changing the legal representative in China is about to become much easier

One of the key challenges for creditors in taking control of a mainland Chinese company in an enforcement type situation is how to remove the “legal representative”. New...

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The Payments Newsletter including Digital Assets & Blockchain, April 2024

Key developments of interest over the last month include: the EU’s regulation on instant credit transfers in euro coming into force; the Bank for International Settlements (BIS)...

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The Commerce Department expands and clarifies the controls in the October 2023 Semiconductor Rules

The Department of Commerce’s Bureau of Industry and Security published an interim final rule to expand, correct, and clarify the two interim final rules published on October 25, 2023...

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The Commerce Department expands and clarifies the controls in the October 2023 Semiconductor Rules

The Department of Commerce’s Bureau of Industry and Security published an interim final rule to expand, correct, and clarify the two interim final rules published on October 25, 2023...

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UK FCA finalises changes to create stronger framework to support borrowers in financial difficulty

The FCA has published its final rules and guidance aimed at strengthening protections for borrowers in financial difficulty, incorporating aspects of the Tailored Support Guidance (TSG)...

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