International organisation meaning

Timeline—developments from 1 January 2024 onwards This timeline charts UK-focused changes to the anti-money laundering (AML), counter-terrorist financing (CTF) and counter-proliferation financing (CPF) legal and regulatory frameworks affecting financial services firms. It captures the evolution and implementation record of the UK AML, CTF and CPF legislative landscape, including updates to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (MLRs), together with AML/CTF-related outputs from HM Treasury (HMT), the Financial Conduct Authority (FCA) and the Joint Money Laundering Steering Group (JMLSG). It further reflects supranational AML/CTF/CPF activity from the Financial Action Task Force (FATF), Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS), International Organisation of Securities Commissions (IOSCO), the Egmont Group of Financial Intelligence Units (FIUs) and the Wolfsberg Group. A schedule of forthcoming dates is available in: Key dates for Financial Services—horizon scanner. For earlier developments up to 31 December 2023, see: AML/CTF legal and regulatory regimes for financial services firms—timeline to 31 December 2023 [Archived]...

ARCHIVED : This Practice Note is archived and is no longer maintained. The LEI is a 20-character, alphanumeric identifier created by the International Organisation for Standardisation (ISO). Under Article 5 of Commission Delegated Regulation (EU) 2017/590, a Level 2 instrument under MiFID II, from 3 January 2018 firms carrying out transactions must hold a valid LEI at all times and ensure their LEI is used to identify them in transaction reports. For detail on this obligation, refer to Practice Note: EU MIFID II & MIFIR—Transaction Reporting. The Global LEI System High Level Principles and the FSB’s recommendations were issued in 2012 and received G20 endorsement...

ARCHIVED: This Practice Note is archived and is no longer maintained. After reviewing shadow banking and investment funds, the European Commission highlighted several issues concerning money market funds (MMFs). In response, it issued the original proposal for a Regulation on Money Market Funds (MMF Regulation) in September 2013, reflecting recommendations from the International Organisation of Securities Commissions (IOSCO) and the Financial Stability Board (FSB). On 29 April 2015, the European Parliament voted on a package of amendments to the draft MMF Regulation. The final text was published in the Official Journal of the EU on 30 June 2017 and took effect on 21 July 2017. The MMF Regulation seeks to strengthen investor protection and to reduce the risks that MMFs may pose to the integrity and stability of financial markets...

STOP PRESS: This document is being revised to take account of the Data (Use and Access) Act 2025 (DUAA 2025), which updates the UK GDPR and the Data Protection Act 2018. For more on the compliance impact of DUAA 2025, see Practice Note: Data (Use and Access) Act 2025—compliance implications... This Flowchart steers you through the lawful mechanisms for sending personal data to a country outside the UK, for example: an adequacy decision or regulation appropriate safeguards such as standard contractual clauses (SCCs) or the International Data Transfer Agreement (IDTA), or binding corporate rules (BCRs) a derogation Such transfers are barred by the data protection regime unless one of these tools is in place. These mechanisms exist to ensure data subjects remain protected when their personal data leaves the UK... The mechanisms follow a hierarchy, and this Flowchart helps you select the route most suitable for your organisation and processing operations... This Flowchart reflects the UK General Data...

STOP PRESS: This document is currently being revised to reflect the implementation of the Data (Use and Access) Act 2025 (DUAA 2025), which amends the UK GDPR and the Data Protection Act 2018. For further guidance on the compliance effects of DUAA 2025, see Practice Note: Data (Use and Access) Act 2025—compliance implications. The content reflects the UK GDPR regime. Unless expressly stated otherwise, any references to the GDPR are to the UK GDPR (Assimilated Regulation (EU) 2016/679). The UK General Data Protection Regulation (UK GDPR) confers several rights on data subjects, including the right to rectification of personal data. Individuals may ask an organisation to correct their personal data at any time, and there are strict timescales for responding to such requests. See Practice Notes: Rights of data subjects How to handle data subject requests This flowchart sets out a process for assessing rectification requests that your organisation receives under the UK GDPR. It is aligned with the UK GDPR...

After unveiling a pause to tariff hikes on Truth Social, President Donald Trump told reporters at the White House that he believes China wants to reach an agreement but is unsure how to proceed (Pool via AP). On the platform, he said more than 75 nations had contacted US government officials to explore talks on tariff and non-tariff barriers, prompting him to implement a 90-day suspension of the higher reciprocal rates. Those increases had begun at 12:01am on Wednesday 9 April 2025... However, he noted the 10% global baseline levy on imports from all countries will remain in effect during the suspension. The executive order updating the reciprocal tariffs was not issued immediately. In his social media post, Trump added that increased tariff rates on China would apply at once, citing what he described as a lack of respect China has shown to the world’s markets. In response to the president’s reciprocal tariffs, China announced last week that it would introduce countermeasures and pursue a legal case at the...

New Risk & Compliance forecast as at 17 June 2025 Our Risk and Compliance forecast, dated 17 June 2025, monitors anticipated regulatory developments linked to risk and compliance, enabling you to prepare for any shifts that could affect your organisation. This helps you plan for potential changes relevant to your operations. Please examine it thoroughly; priority points that merit attention are highlighted below. New items we’re tracking this month No additional entries are under review this month...

In this issue: WTO Trade in goods Customs LexTalk® International Trade: a Lexis®Nexis community Daily and weekly news alerts WTO US halts financial contributions to the World Trade Organisation. MLex: The US has paused its financial contributions to the World Trade Organisation (WTO) while a review of all overseas aid contributions is undertaken, a US government official said. See News Analysis: US suspends financial contributions to World Trade Organisation. Trade in goods Trump announces semi-reciprocal tariffs on most US trading partners. MLex: President Donald Trump stated his administration is applying reciprocal tariffs on imports from US trading partners, totalling...

The Bribery Act 2010 (BA 2010) Enacted to secure the UK’s adherence to the Organisation for Economic Co-operation and Development’s (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, the Bribery Act 2010 (BA 2010) delivers an effective framework to address corruption across public and private spheres, updating the UK’s anti-corruption regime and supplanting Prevention of Corruption Act 1906 and Prevention of Corruption Act 1916. BA 2010 carries significant consequences for any company incorporated in, or trading from, the UK. Its global reach covers bribery undertaken by a business, or by third parties acting for it, regardless of where in the world the conduct occurs...

This Practice Note addresses the arbitration procedure under the 2023 Arbitration Rules of the Stockholm Chamber of Commerce (SCC) Arbitration Institute. The institution has adopted the name ‘Stockholm Chamber of Commerce (SCC) Arbitration Institute.’ The 2023 SCC Rules govern arbitrations filed with the SCC on or after 1 January 2023, unless the parties agree otherwise. A revised SCC Schedule of Costs applies to 2024 SCC arbitrations; see here. The SCC Arbitration Institute The SCC ranks among the most widely recognised arbitral bodies globally. As with peer institutions, it administers the resolution of disputes through arbitration. It does not adjudicate cases itself; decisions are made by arbitrators appointed in accordance with the SCC Arbitration Rules. The organisation comprises a Secretariat, led by the Secretary‑General, and an international Board of prominent arbitration practitioners, which convenes monthly to take administrative decisions. The SCC is especially noted worldwide for ‘east‑west’ cases. Each year roughly 150–200 new arbitrations are initiated at the SCC, involving parties from more than 40 countries. Disputed sums...

What is exchange of information? Exchange of information (EOI) among tax authorities has long stood as a key pillar of international co-operation in tax matters. In more recent years, growing levels of public and governmental concern about perceived tax avoidance—at both the individual and the corporate level—have elevated the subject still further, ensuring that EOI has become a centrally important (and arguably more effective) cross-border anti-avoidance measure. There are numerous regimes and instruments pursuant to which authorities such as HMRC exchange information relating to taxpayers with overseas tax authorities, in accordance with those frameworks. The primary focus of this Practice Note is the approach to EOI taken under double tax treaties or conventions (DTTs), although the other principal platforms through which EOI operates are also summarised. In most cases, DTTs contain a specific provision dealing with the exchange of information, and that provision is often based on Article 26 of the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention (MTC)...

Stop press: The Data (Use and Access) Act 2025 (Commencement No 6 and Transitional and Saving Provisions) Regulations 2026, SI 2026/82 now commence the remaining provisions of the Data (Use and Access) Act 2025 (DUAA 2025). Provisions covering the areas below apply from 5 February 2026, while those on penalty notices and complaints apply from 19 June 2026. For further details, see Practice Note: Data (Use and Access) Act 2025—employment implications. This Precedent will be updated shortly to reflect these changes. subject access requests legitimate interests purpose limitation automated decision-making international transfers enforcement [ Insert name of organisation ] Data protection privacy notice (secondment) As you are aware, it is proposed that you will be seconded to [ insert name ] (host employer). This notice sets out which personal data (information) [ insert name of employer ] [ trading as [ insert trading name, if different ] ] (‘we’ or ‘Company’) will provide to, and receive from, your...

Insert the following definitions as new definitions into clause 1 of Precedent: Asset purchase agreement—short form: 1 Definitions and interpretation Sanctioned Activity • means any act subject to sanctions imposed by the Sanctioning Body; Sanctioning Body • includes the United Kingdom, United States of America, European Union, plus any other relevant local, national or multinational governmental agency, ministry, official parliament, public or statutory person, or any governmental or professional body, regulator or supervisory authority, board or other entity charged with imposing and/or administering sanctions; Sanctioned Entity • denotes any individual or organisation that is, or that is owned or controlled ...

Stop press: The 2026 Regulations—Data (Use and Access) Act 2025 (Commencement No 6 and Transitional and Saving Provisions), SI 2026/82—activate the outstanding parts of the Data (Use and Access) Act 2025 (DUAA 2025). Measures on subject access requests, legitimate interests, purpose limitation, automated decision-making, international transfers and enforcement apply from 5 February 2026, while those on penalty notices and complaints take effect from 19 June 2026. For further detail, see Practice Note: Data (Use and Access) Act 2025—employment implications. This Precedent will be refreshed soon to reflect these amendments. Together, these changes complete commencement of the remaining DUAA 2025 provisions. 1 Purpose and scope 1.1 [ Name of organisation ] operates closed circuit television (CCTV) to help ensure a safe and secure environment for staff, visitors and customers, and to safeguard company property...

For the purposes of this Q&A, we have not taken into account the EU–UK Trade and Cooperation Agreement (TCA), as it is not directly enforceable; it is for the UK to give effect to its terms (insofar as not already addressed by the European Union (Future Relationship) Act 2020). For further detail, see News Analysis: Implementing the TCA—business immigration implications. As the EU citizen employees fall outside the EU Settlement Scheme and are not eligible for a frontier worker permit, the main immigration options to review are: Intra-Company Skilled Worker Visitor T5 International Agreement Worker Each category is discussed in more detail below. Intra-Company routes The Intra-Company routes allow organisations with connected overseas entities to transfer certain staff to their UK offices. From 1 January 2021, these routes cover EEA and Swiss citizens as well as non-EEA citizens. Both routes require a minimum period of prior employment with the overseas linked entity. As the EEA citizens are engaged...