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Taiwan: Money Laundering Control Act Amended, Regulating Virtual Currency Platforms

(Jan. 22, 2019) On November 7, 2018, Taiwan’s Money Laundering Control Act was amended to strengthen the legal compliance requirements for the internal control and auditing of financial institutions and to include virtual currency platforms within the regulatory scope of the Act. (Money Laundering Control Act (enacted Oct. 23, 1996, last amended Nov. 7, 2018), […]

China: Criminal Procedure Law Amended to Allow Criminal Trials in Absentia in Corruption Cases

(Jan. 10, 2019) On October 26, 2018, the Standing Committee of the National People’s Congress (NPC) of the People’s Republic of China (PRC or China) passed an amendment to the PRC Criminal Procedure Law (CPL). Among other things, the new CPL allows criminal trials in absentia particularly in corruption and bribery cases in which the […]

United States: Federal Appellate Court Rejects Suit to Hold Bank Liable for Soldier’s Death by Iranian Explosive in Iraq

(Jan. 2, 2019) The US Court of Appeals for the Seventh Circuit recently affirmed a lower court’s decision to dismiss plaintiff Rhonda Kemper’s complaint against Deutsche Bank (the Bank) for failure to state a claim under 18 U.S.C. § 2333, commonly referred to in judicial opinions as the Anti-Terrorism Act (ATA). (Kemper v. Deutsche Bank […]

Israel Becomes a Member of the Financial Action Task Force (FATF)

(Dec. 14, 2018) Israel became a full member of the FATF on December 10, 2018, following the publication of the FATF’s mutual evaluation report. (Israel Becomes a Member of the FATF, FATF (Dec. 10, 2018); FATF, Anti-money Laundering and Counter-Terrorist Financing Measures, Israel: Mutual Evaluation Report (Dec. 2018).) Congratulating Israel on its membership, FATF President […]

European Union: 5th Anti-Money Laundering Directive Enters into Force

(July 16, 2018) On July 9, 2018, the amendment of the European Union (EU) Anti-Money Laundering Directive (5th AMLD) entered into force. The AMLD obligates certain entities to fulfill customer due diligence requirements when they conduct business transactions and have in place policies and procedures to detect, prevent, and report money laundering and terrorist financing. […]

European Union: Provisional Agreement to Control Illicit Cash Flows in and out of the EU

(June 8, 2018) On May 23, 2018, the Council of the European Union (Council) and the European Parliament reached a provisional agreement on measures to control illicit cash flows in and out of the European Union (EU), in particular a revision of the Cash Controls Regulation (CRC). (European Commission Press Release IP/18/3867, Security Union: Commission […]

Brazil: Eleven Indicted for Helping Terrorist Group Islamic State

(May 30, 2018) On May 17, 2018, the Federal Public Prosecutor’s Office (Ministério Público Federal, MPF) indicted (denunciou) 11 Brazilian citizens for the formation of a criminal organization and promotion of the terrorist group Islamic State. (MPF Denuncia 11 Brasileiros por Promover Estado Islâmico, ISTO E (May 17, 2018).) According to the newspaper O Estado […]

Israel: Knesset Authorizes Eligibility Restriction on Knesset Candidates Convicted of Terrorism or Security Offenses

(May 25, 2018) On April 30, 2018, the Knesset (Israel’s Parliament) passed an amendment to Basic Law: the Knesset. (Basic Law: the Knesset (Amendment No. 47), SEFER HAHUKIM (SH, BOOK OF LAWS, official gazette) 5778 No. 2715 p. 636 (Amendment Law), Knesset website (in Hebrew) (amending Basic Law: the Knesset, SH 5718 No. 244 p. […]

Egypt: Parliamentary Committee Approves Anti-cybercrime Draft Law

(May 7, 2018) On April 16, 2018, the Communications and Information Technology Committee of the Egyptian Parliament (Council of Representatives) approved a draft law submitted by the Prime Minister’s cabinet to combat cybercrime. (Khalid Hassan, Egypt’s Parliament Moves Forward on Anti-Cybercrime Law, AL-MONITOR (Apr. 19, 2018).) Text of the Draft Law Article 2 of the […]

Israel: Restrictions on Release of Terrorists’ Bodies and Funerals

(May 3, 2018) On March 7, 2018, the Knesset (Israel’s Parliament) passed an amendment to the Combatting Terrorism Law 5776-2016. The Amendment authorizes the District Commander of the Israel Police (DCIP) to issue restrictions on the release of bodies of terrorists who died in the course of perpetrating or attempting to perpetrate terrorist acts. It […]