On 31 March 2026, a number of significant changes will be made to Australia’s anti-money laundering and counter-terrorism financing (“AML/CTF”) regime. These changes aim to simplify and modernise the current regime and ensure that Australia continues to meet the international standards set by the Financial Action Task Force (“FATF”).
Current Reporting Entities
The changes will affect all reporting…
Member Publications
The EU AI Act is now the world’s most market-access oriented AI law. It regulates AI the way the EU regulates product safety – through defined risk categories, pre-market obligations, and cross-border enforcement. It will act as setting a global standard for safe AI consistent with the Commission’s objectives to be the golden standard for safe AI deployment, allowing for safe deployment at scale …
In the coalition agreement "Getting started," D66, CDA, and VVD presented a broad package of proposed measures in the areas of labor, social security, and pensions.
In this Alert, we list a number of important plans for you and explain what they could mean for employers and employees.
Continued payment of wages and reintegration:The coalition parties want to make continued payment of wages durin…
For a decade, the European payment services landscape has been defined by tension posed by the desire to open markets to innovation and competition, counterbalanced by the imperative to protect consumers and maintain financial stability. Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, which is also referred to a…
A recent federal court decision furnishes limited partners with a significant tax victory. The Fifth Circuit Court of Appeals recently decided that limited partners are eligible for the self-employment tax exclusion under Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended (the “Code”).
In Sirius Solutions, LLLP v. Commissioner, a business consulting firm (“Sirius”) challenged an …
On January 1, 2026, the European Union (EU) formally launched the world’s first carbon border levy. After a transitional period of over two years and a flurry of additional legislation required to operationalize the levy in late 2025, the EU’s Carbon Border Adjustment Measure (CBAM) is now in full force.
Critics have disparaged CBAM for the costs imposed on producers outside of the EU and labelle…
Eligible Rollover Distribution Notices Under SECURE 2.0 - IRS Updates
In IRS Notice 2026-13, the IRS provided two safe harbor explanations that plan administrators may use to satisfy the eligible rollover distribution notice requirement under IRC Section 402(f). An eligible rollover distribution notice generally provides a written explanation to any recipient, before receiving an eligible rollover…
In one of the first major legal battles between music labels and artificial intelligence companies, major record labels Warner Music Group and Universal Music Group have surprisingly moved from suing AI music platform Udio and Sudio for copyright infringement, to partnering with the companies to create new AI-based music streaming platforms.
These labels represent some of the world’s biggest arti…
Despite the rapid expansion of state-legal cannabis markets, the constitutional limits on how states may regulate those markets remain unsettled. One of the most significant unresolved questions is whether the Dormant Commerce Clause restricts states from favoring in-state participants through residency requirements or other local-preference licensing rules.
On Friday, January 2, 2026, the U.S. C…
In several recent decisions, the Supreme Court (OGH) has made clear requirements for loan processing fees for consumer credit agreements – but advisory fees must be clearly distinguished from them.
Loan processing fees are generally permissible for consumer loans, but have been considered inadmissible by the Supreme Court in the following cases, for example:
Percentage processing fees – INEFFE…