Trump’s Changes to U.S.-Cuba Deal Headed Our Way Soon

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.

The Art of Arbitration in International Dispute Resolution

Commercial disputes are common in business, with many organizations handling multiple disputes on a domestic or international level in the course of their activities. The efficient resolution of those disagreements is crucial to ensuring costs and time are kept to a minimum, allowing the companies involved to focus on their primary operations without the distraction…

Bank Regulation_Donald Trump File Photo

Will FCPA Bank Regulation Be Less Stringent Under Trump?

In his first weeks in office, U.S. President Donald Trump has made moves to begin rolling back Obama-era regulations enacted in the wake of the 2008 financial crisis, such as the Foreign Corrupt Practices Act (FCPA). «Financial Services Advisor» asks: During his campaign, now-U.S. President Donald Trump repeatedly said he wanted to reduce regulations on businesses,…

Four Tips for Ensuring Effective Compliance and Risk Management Programs

By Richard N. Wiedis Companies with strict internal controls, even when operating within a highly regulated industry, are not immune to dramatic and costly compliance or risk management failures. All too often, despite having the foundations of a successful compliance program in place, companies experience dramatic failures resulting in criminal penalties, civil fines, job losses,…

Mexico Moves Forward With New Anti-Corruption Act

Corruption is a significant risk for companies doing business in Mexico: bribery is widespread, and business registration processes, including the obtainment of construction permits and licences, are negatively influenced by corruption. But the Mexican government is not standing still. Mexico’s new Anti-Corruption Act strengthens oversight of public officials and designates a Special Prosecutor to tackle…

Rizek Abogados announces strategic alliance with US firm, Diaz Reus

Rizek Abogados announced its strategic alliance with United States law firm Diaz, Reus & Targ, LLP during a reception at the Real Intercontinental Hotel of Santo Domingo on October 13, 2016, in the presence of prominent businessmen, judges, and important government officials. The alliance establishes just the second U.S. law firm with a local presence…

Sustainable development could boost Colombia’s financial system

Though it has navigated the global slump in oil prices better than some of its neighbors, Colombia’s economy has still not been immune, as shown by indicators including slowing business volumes. Latin America Financial Services Adviser asks: Will Colombian Banks Thrive in the Months Ahead? How are Colombia’s current economic conditions affecting the country’s financial services…