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US Supreme Court revives Corporate Transparency Act to regulate money-laundering

JURIST

The US Supreme Court issued a temporary nationwide stay Thursday that revived the Corporate Transparency Act , which regulates money laundering by requiring small businesses to register with the United States Treasury Department’s Financial Crimes Enforcement Network.

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World Economic Forum urges corporate action to eradicate forced labor

JURIST

These measures are not merely corporate responsibilities but essential steps toward eliminating forced labor from the economic systems. The post World Economic Forum urges corporate action to eradicate forced labor appeared first on JURIST - News.

Diligence 238
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Legal scholars claim EU Omnibus directive undermines sustainability rules and increases corporate liability risk

JURIST

A group of 31 legal scholars from various European universities on Friday criticized the European Union (EU)’s proposal to reform corporate sustainability regulations, known as the Omnibus Simplification Package. Therefore, the signatories emphasized the need to retain the obligation outlined in Article 22 of the CSDD.

Legal 118
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US Circuit court temporarily halts enforcement of anti-money laundering law

JURIST

The 5th US Circuit Court of Appeals on Thursday temporarily blocked the enforcement of an anti-money laundering law that mandates corporate entities to disclose to the US Treasury Department the identities of their true beneficial owners. challenged the Corporate Transparency Act and its reporting rule in Texas Top Cop Shop, Inc.

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Optimizing Contract Management and Enhancing Team Collaboration: Insights from a Legal Operations Perspective

Speaker: Adina Marta Newman

You'll discover practical strategies and tips that legal professionals can use to streamline contract processes and enhance collaboration, making significant impact across legal and corporate departments. Join us as we show how you can supercharge contract processes, improve team communication, and take your contributions to the next level.

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EU approves directive on corporate due diligence for sustainability and human rights

JURIST

The Council of the European Union approved the EU Directive on corporate sustainability due diligence (CSDDD) on Friday. The CSDDD was approved with 374 votes in European Parliament and will take a risk-based approach to ensuring corporate responsibility.

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Japan imposes sanctions against Russia and other foreign entities over war in Ukraine

JURIST

The list of sanctioned Russian individuals includes several corporate directors, such as Vladimir Artyakov, First Deputy General Director of Rostec State Corporation, Sergei Petrov, CEO and owner of PSV Technologies LLC, Pavel Marinychev, CEO of the diamond mining company Alrosa, and Ruslan Bulatov, General Director of LLC Testkomplekt.