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Numerous changes to the Slovak Income Tax Act were adopted in late 2017. We believe the most important of these changes were the tax exemption on the sale of shares and ownership interests, and the introduction of a new exit tax.

In recent years, international email fraud cases have been occurring all over the world, where persons in the guise of trading partners contact companies by email using email addresses and domain names that closely resemble the official ones of such actual trading partners. Typically, the emails give false notices and instructions stating that the bank accounts for the remittance of purchase prices, for example, have changed. There are some cases where Japanese bank accounts are designated as the new remittance accounts in such notices and instructions.

The increase in the regulation of securities and financial markets since 2008 will reach its peak in 2018 (with the revised set of Basel IV regulations arriving only, hopefully, in 2027).

The Cyprus Securities and Exchange Commission (CySEC) has issued a notification to entities it regulates and to participants in the market in general of the consultation process regarding a proposed amendment of the EU prudential rules for investment firms.

Overcoming misguided criticism regarding their level of transparency and punitive character, these tools have proven essential to resolution

The Central Bank of the Philippines (BSP) has previously approved the rules and regulations governing virtual currency exchanges in the Philippines.

The Trump administration has been working through its plan to reduce regulatory burdens for financial institutions – with various consequences

Nisha Kaur Uberoi, Trilegal

In February, the United States Court of Appeals for the Second Circuit reversed a 2014 decision that had found Jordan-based Arab Bank liable for intentionally supporting the terrorist group Hamas. The original decision was made after the bank was tried by a Brooklyn-based jury for providing financing to the group, which has been linked to several militant attacks against Israel in the early 2000s. It was the first time in the US that a bank was held liable civilly for violating the Anti-Terrorism Act, which lets US citizens seek damages from international terrorism.

Maria Raptis and Ken Schwartz, Skadden Arps Slate Meagher & Flom