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Occupational accidents can occur for many reasons. They can arise because of short-term inattention, lack of caution or even inconsistency. It is important to take the strongest possible measures to minimise the risk of occupational accidents. Legal regulations governing the duties of employers in the field of health and safety at work state directly that sometimes it is not possible to fully eliminate the risk of occupational accidents. However, it is important to take all possible steps to limit them and to prepare measures to eliminate them.

As is well known, anti-money laundering (AML) and know-your-customer rules (KYC) are obligations of service providers like banks and other financial institutions. Their aim is to facilitate investigations into the real identity of customers and the purpose and source of their transactions, so that the services provided to customers will not be used for money laundering, financing of terrorism, tax evasion, or other illegal activities. As transactions involving cryptocurrencies are by nature global yet anonymous, there is thus much room for misuse, so we cannot emphasise enough the importance of AML/KYC in the crypto space.

New rules are expected to alleviate the regulatory burden surrounding the offering of foreign funds in Switzerland

Authorities are planning to strengthen the oversight of PRC companies involved in technology transactions with the US

A survey by Hengeler Mueller has found that a majority of respondents reported an increase in the bureaucratic requirements associated with the EU regulation

There are still some areas of uncertainty when it comes to the regulation of cryptocurrencies

On September 14, the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector. The analysis covered the period to May 31 2018, and showed aggregate non-performing facilities and related indicators for the domestic operations of credit institutions operating in Cyprus.

By Antonios Koumbarakis, Manager, PwC Legal FS Regulatory and Compliance Services and Guenther Dobrauz-Saldapenna, Partner, Leader PwC Legal Services Switzerland & Leader PwC Legal FS Regulatory and Compliance Services

By Maria João Ricou, managing partner, and Manuel Requicha Ferreira, partner, Cuatrecasas Gonçalves Pereira