Prevention of Money Laundering and Financial Account Registry Regulation

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Prevention of Money Laundering and Financial Account Registry Regulation Preventing and combating money laundering and/or terrorism financing is one of the national priorities, leading to the adoption of various legislative initiatives. In this regard, on February 21, 2024, Decree 64/2024, dated February 14, 2024, approving the Regulation of the Financial Account Registry and assimilated accounts, […]

Alternative dispute resolution methods – the specific case of mediation

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Alternative dispute resolution methods – the specific case of mediation The mere fact of being born and living in society implies the need to coexist with others. As a result of this cohabitation, conflicts of various natures can arise, among which, legal disputes may emerge. In such cases, the option that a large part of […]

The European Union reaches an agreement to regulate Artificial Intelligence

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The European Union reaches an agreement to regulate Artificial Intelligence The European Union (hereinafter EU) has taken a leadership position in the race to regulate Artificial Intelligence (hereinafter AI), as on December 8th, 2023, all member states met for 3 days and reached a provisional agreement regarding the regulation of AI, a project known as […]

Internal Regulatory Compliance – Theoretical and practical part

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Internal Regulatory Compliance – Theoretical and practical part Regulatory compliance, also known as ‘compliance,’ is essential for law firms, to the extent that we are subject to various regulations and standards in both the legal and business spheres. There are also other financial subjects required to comply, as well as certain individuals or legal entities […]

Self-Employment Contribution Rates in Question (CASS Corrections)

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As we outlined in our Newsletter on October 25, 2023, the Caixa Andorrana de Seguretat Social (CASS) has decided to review the contribution rates for self-employed workers in the Principality of Andorra. For this purpose, as the competent authority in this matter, CASS must analyze the relevant data to determine the corresponding contribution rates in […]

The regulation of financial activity in Andorra

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Financial activity in Andorra is one of the pillars on which the principality’s economy has traditionally relied. A significant portion of the Andorran state’s revenue comes from this economic sector. It’s not surprising, therefore, that financial activity is strictly regulated. In fact, the regulation prohibits the practice of financial activity in Andorra without prior authorization […]

Social Media and Data Protection

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The relevance of social media is, today, beyond question. It is a service of the information society, the provision of which involves data processing, whether to provide the service itself or for other objectives such as offering personalized advertising to users. In this context, the social network service provider, as the data controller, must implement […]

Analysis of the EU Association Agreement and its Implications for Andorra

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Analysis of the EU Association Agreement and its Implications for Andorra “To drive genuine change, it’s vital first to acknowledge our stance and act with clarity and determination.” In our previous editions, we had anticipated a thorough review of the components of the association agreement between Andorra and the EU, underlining how these could influence […]