News & Publications

Legal News

In addition to publishing newsletters on a regular basis, Edlescher issues advisories and alerts to keep our clients informed of breaking news and legal developments.

To receive our publications, please email info@edlescher.com.

20 January 2024

EU: EU Tightens Anti-Money Laundering Rules For Crypto Firms To Tackle Illegal Activities

In a landmark move, the European Union’s banking watchdog has ramped up its efforts to combat financial crimes in the cryptocurrency sector. The European Banking Authority (EBA) issued new guidelines,

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20 January 2024

ARBITRATION: Singapore-Netherlands competent authority mutual agreement

On 12 January 2024, the competent authorities of the Republic of Singapore and the Kingdom of the Netherlands signed a competent authority arrangement (“CAA”) to establish the mode of application

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19 January 2024

FINTECH: Illicit crypto addresses received at least $24.2 billion in 2023

At least $24.2 billion worth of crypto was sent to illicit crypto wallet addresses in 2023, including addresses identified as sanctioned or linked to terrorist financing and scams, crypto research firm

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19 January 2024

ASIA: Malaysian politician under Pandora Papers probe linked to $52 million offshore trust and UK, US property investments

Family members of Malaysia’s embattled former finance minister Daim Zainuddin are beneficiaries of a multimillion-dollar trust with investments in U.K. and U.S. real estate, documents obtained by

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19 January 2024

US: IRS Delays Requirement to Report Certain Transactions Involving Digital Assets

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. The agencies said this in a Tuesday

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19 January 2024

PALESTINE: EU promises support to PA as Israel withholds tax revenues

EU officials met with the Palestinian minister of finance, Shukri Bishara, and the governor of the Palestinian Monetary Authority (PMA), Feras Melhem, to discuss the impact of the ongoing war by Israel

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19 January 2024

INTERNATIONAL TAX: Nigeria, UAE to sign agreement eliminating double taxation

The Federal Government has approved the signing of an agreement between Nigeria and the United Arab Emirates (UAE) to eliminate double taxation as regards taxes on income and the prevention of tax evasion.

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19 January 2024

ASIA: India And Singapore Team Up For Green Finance To Support Sustainable Growth

India and Singapore are set to enhance their collaboration in the realm of green finance, according to statements made by NITI Aayog Vice Chairman, Suman Bery. Expressing optimism about the future of

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19 January 2024

SINGAPORE: Assets seized in Singapore money laundering case swell to $2.2 bln

Assets seized in Singapore’s biggest money laundering case have risen to more than S$3 billion ($2.24 billion) from S$2.8 billion in October, Singapore’s Business Times reported on Friday.The

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19 January 2024

EU: EU’s new money laundering deal poised to burden crypto more than traditional finance

Europe’s legislators reached a provisional agreement on the anti-money laundering rulebook. Crypto firms will be obliged to carry out additional customer due diligence.Some onerous provisions for

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