Stricter Anti-Money Laundering Regime for Caribbean Banking Industry

Latin American Advisor, Financial Services asks: Are Stricter Bank Regulations a Major Hinderance in the Caribbean? Q: Royal Bank of Canada in the Caribbean in recent months has closed wealth-management offices across the Caribbean. The closures come amid growing pressure on the Caribbean banking industry by regulators who are fighting money laundering in the region.…

15th FIBA Annual Anti-Money Laundering Compliance Conference in Miami

Diaz Reus Partner, Robert I. Targ, to address latest developments in trade based money laundering at the 15th FIBA Annual Anti-Money Laundering Compliance Conference in Miami, March 4-5, 2015 at the Hyatt Regency Miami. In September 2014, when Homeland Security Investigations (HSI) announced it had uncovered the laundering of massive amounts of narcotics proceeds through…

Unmanned Systems Expo – Orlando, Florida, February 26-27

Diaz Reus partner and DroneLaw.Com author Brant C. Hadaway will join a panel of distinguished professionals at the Florida Unmanned Systems Expo, Wyndham Resort in Orlando, Florida, February 26-27, to discuss the current status of regulations governing Unmanned Aircraft Systems (“UAS”). The panel will address the status of UAS regulations and trends for the issuance…

Q&A: Should Mexico Impose New Regulations on ‘Sofipos’?

Q: Mexico’s financial regulator, CNBV, is considering new rules for popular financial societies, or Sofipos, following the government’s seizure of Ficrea SA, whose collapse amid an alleged fraud led to losses for some 6,000 savers. New regulations could include changes to asset concentration limits, CNBV’s vice president said earlier this month. Do consumers face increased…

Michael Diaz Jr. Recognized in Latin America’s Top 100 Lawyers by Latinvex, 2015

The editorial staff of Latinvex has selected the leading attorneys from international law firms that are involved in the legal business in Latin America. Diaz Reus’ Global Managing Partner, Michael Diaz Jr., was recognized in the Arbitration & Litigation category, among the Top 100 Latin American Lawyers. The firm is also recognized by Latinvex, among…

Money Laundering in Latin America Continues to Grow

Latin America: Money Laundering Grows Growing crime and weak enforcement boost money laundering in Latin America. By Joachim Bamrud First published Latinvex. November 24, 2014 Reprinted with permission. Money laundering is growing in Latin America despite growing enforcement by both US and Latin American authorities, experts say. “Money laundering has grown and will continue to…