Chad S. Purdie, Partner from the California office, and Javier Coronado, Attorney from the Bogotá office, comment on the matter…
Closing the Net on Financial Crime: Navigating anti-money laundering and corruption legislation in Latin America.
The fight against money laundering has been a global effort for 30 years now, since developed nations began to recognise the increasingly sophisticated methods used by criminals and terrorists to legitimise their earnings.
The group of G-7 nations were the first to respond by creating an international body dedicated to the fight against money laundering, namely the Financial Action Task Force (FATF). Since then the FATF has grown to 37 member countries with a number of associate groups attached, one of which is the Financial Action Task Force of Latin America.
Chad S. Purdie, Partner from the California office, and Javier Coronado, Attorney from the Bogotá office, explain that “Chile has lower rates of credit card fraud due to its emphasis on risk-management and its current legal regime.”
Head of Bogota’s Office Marcela Blanco and Associate Attorney Melissa Diaz commented on money laundering in Colombia…
Diaz, Reus, & Targ, LLP, -abogado de los demandados-, ha conseguido la desestimación de las pretensiones del demandante Global Commodities Trading Group, Inc.
Head of Bogota’s Office Marcela Blanco and Associate Attorney Melissa Diaz commented on money laundering…
El pasado 16 de junio, el Presidente Donald Trump anunció la cancelación de las medidas hacia Cuba tomadas por el expresidente Barack Obama el 17 de diciembre de 2014…
Diaz, Reus & Targ announced that The United States District Court for the Southern District of New York has dropped the money laundering charges against Yani Rosenthal.
The proposed regulations are similar to drone regulations that have been enacted in the U.S., but more stringent. The FAA enacted and enforced drone registration until the U.S. Court of Appeals declared it unlawful earlier this year. “Fundamentally, this looks like regulations in the U.K. are developing more or less in parallel with the U.S., except that an act of Congress prohibits regulation of hobby drones,” says Brant Hadaway, partner with the Diaz, Reus law firm where he established an Unmanned Aircraft Systems (UAS) practice.
Administrative Managing Partner Marta Colomar-Garcia explains that in Latin America the possibility to use international mediation is key to do business.
In order to invest in Latin America, legal security is a key factor. The stability of the legal framework and justice efficiency when the norms must be enforced can accelerate or slow down the entrance of foreign capital.
Although legal security has improved in Latin America, all countries are not equal and in some cases progress is not sufficient. This is why alternative dispute resolution processes such as international arbitration have taken the leading role.
On June 16, President Donald Trump announced a cancelation to the post-Dec. 14, 2014 U.S. policy toward Cuba. While speaking before prominent members of the Cuban-American community in Miami, President Trump stated that he is “canceling the last administration’s completely one-sided deal with Cuba,” effective immediately. However, the announced changes do not take effect until the new regulations are officially issued by the different U.S. government departments. The Department of Treasury, along with its Office of Foreign Assets Control (OFAC), as well as the Department of Commerce, will be among the departments that will each have 30 days to review the changes the president has provided. After the 30-day review, the departments will begin drafting the new regulations. It may be months before the new regulations are officially issued, at which moment everything becomes official and binding.
When President Obama announced his historic restoration of diplomatic relations with Cuba, many South Floridians were hoping it would lead to a free flow of commerce and people between the two countries….