Keeping up with the ever-changing landscape of compliance regulations is one of the biggest challenges of our work. These updates will make that a little easier. Use the legal and regulatory feed to stay current on the latest news and regulations impacting the world of compliance.
The Inland Revenue Board has issued revised operational guidelines on the implementation of the 2018 special voluntary disclosure programme and a revised set of frequently asked questions.
The successful implementation of corporate criminal liability in the case against PT Nusa Konstruksi Enjiniring paves the way for subsequent indictments and sentencing of corporations for criminal actions. In 2018 alone, KPK named four corporations as suspects in a number of corruption cases, which include a state-owned entity.
The National Reform Plan in Natural Resources and Environment (“NRP”) was published in the Government Gazette on 4 April 2018 to align with Thailand’s 20-year National Strategy (2018–2037), providing governmental guidelines to move forward with Thailand’s development while balancing concerns about the sustainability of its natural resources. The NRP prescribes that action must be taken towards a comprehensive domestic biodiversity law by 2020.
A draft statutory instrument amending UK product liability and safety laws has been put before Parliament for approval. The 'Product Safety and Metrology etc. (Amendment etc.) (EU Exit) Regulations 2019', once approved, is due to come into force on the day of Brexit.
Starting from 7 February 2019, any foreign legal entity will be able to open a current account in Ukraine. The current account would have an "offshore" status and would not be subject to most of the onerous rules applicable to local bank accounts in Ukraine.
The Companies Ordinance has been further amended and came into force on 1 February 2019. Major amendments include expanding the scope for simplified reporting, updating the accounting-related provisions to reflect the latest accounting standards, and streamlining and clarifying provisions to facilitate compliance.
Transparency International has just released its 2018 Corruption Perception Index. China's global ranking has moved down 10 places and its CPI score has declined by two points in 2018
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership officially entered into force for Vietnam on 14 January 2019.