Davis Polk wins firm of the year plus all the night’s winning deals, teams and individuals
IFLR is delighted to announce the shortlist for the IFLR Americas Awards 2022 – winners will be announced at the awards ceremony in New York on May 19
The Americas awards research cycle has now begun – don’t miss out on this opportunity to get recognised
Research for the 2022 IFLR Americas Awards has now begun, with winners to be announced on May 12 2022
Following up on an article published last year in IFLR by Consortium Legal – Honduras regarding anti-money laundering (AML) legislation, on June 6 2017 the National Banking and Insurance Commission (CNBS) issued the Regulation on the Registration of Non-Financial Professions and Activities (Regulation). Beginning June 15 2017, attorneys, accountants, and various non-financial businesses, including but not limited to car dealerships, casinos, jewellery retail shops, real estate companies, and companies that grant loans without performing financial intermediation, will have to register with the AML registry for non-financial professions and activities of the CNBS.
José Ramón Paz Morales On December 29 2016, the Financial System Law (FSL), which is the law that regulates banks and financial institutions that perform financial intermediation in the Republic of Honduras, was substantially reformed. This is the first time since the FSL's enactment in 2004 that such important reforms have been made to legislation in this area of the law.
In April 2015 Honduras gained two new legal instruments to combat money-laundering
The Financial System Law that came in force in 2004 allowed banks of the Honduran banking system to ‘offer and provide any financial service via electronic means’