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Violeta Molina Last year, the Salvadoran Congress passed an amendment to the existing anti-money laundering (AML) law, which has been in force since 1998. The purpose of the amendment was to include under the definition of regulated entities several entities that were not originally covered, and that therefore did not have to comply with the AML law. These entities include: general business corporations; accountants; lawyers; public notaries and any entity that has been lawfully incorporated; as well as financial institutions. The amendments establish new obligations, processes, requirements and sanctions that apply to all regulated entities.

Carlos Fradique-Méndez Sebastián Boada Morales The Colombian Central Bank (Banco de la República de Colombia or BRC) is the regulatory authority in charge of foreign exchange (FX) matters. As such, it is in charge of overseeing the Colombian cross-border derivatives market and the local derivatives market related to FX operations. Contracts for difference (CFDs) are generally defined as derivatives products that allow investors to take a position on the changes in value of an underlying asset. Until recently, Colombian regulation did not consider these types of products to be financial derivatives.

The firm took home the international firm of the year award along with many others at the event in Dubai last night

The city-state's decision has been welcomed but market participants have recommended safeguards over board composition

Federal Reserve Governor Lael Brainard believes distributed ledger technology comes with both risks and opportunities for the financial sector

The PDF of the entire book is available to download here

The government has moved to prevent banks from being directly involved in swaps, further restricting solutions available to tackle the country's mounting bad debt problem

Around 400 US companies mentioned the referendum result in filings with the SEC in the summer. Lawyers say it's better to be safe than sorry

The Blackstone Group and ArcLight are acquiring four Midwest power plants from subsidiaries of American Electric Power for $2.17 billion

The World Bank's inclusion of RMB in its first issuance in the country has raised some questions in the investor community