In this episode, Helen Chan, regulatory intelligence expert and Rachel Wolcott, senior editor discuss financial crime compliance risks in luxury hospitality and the luxury goods
sectors. They run through recent developments and sanctions compliance in high-risk geographies and what that means for multinational luxury groups.
Rachel shares an overview of regulatory requirements implemented in the U.S. and anticipated reforms applicable to businesses in the luxury sector in Europe and the United Kingdom. Rachel and Helen highlight compliance takeaways for financial institutions, luxury groups and dealers of high value assets such as art and real estate.
Links:
Displays of wealth on social media draw scrutiny:
https://regintel-content.thomsonreuters.com/document/ICBBF93E0701C11EFB351F8E4C03DB09C/COMMENTARY:-Displays-of-wealth-on-social-media-draw-regulatory-scrutiny--11-09-
2024
Kim Jong Un drives Putin during state visit to North Korea (Korea Central Television)
https://www.youtube.com/watch?v=DNHHtFVibK8
Factsheet: FinCEN issues final rule to increase transparency in residential real estate
transfers: https://www.fincen.gov/sites/default/files/shared/RREFactSheet.pdf
Lafarge pleads guilty to conspiring to provide material support for terrorist organizations: https://www.justice.gov/opa/pr/lafarge-pleads-guilty-conspiring-provide-material-support-
foreign-terrorist-organizations
Contact us:
[email protected][email protected]