Aylmer Wang

A&O Shearman is advising on the merger of Odyssey Marine Exploration, Inc. (Odyssey) and American Ocean Minerals Corporation (AOMC), a landmark transaction that will create a U.S.-controlled deep-sea critical minerals platform at a pro forma equity value of approximately USD1bn. AOMC and Odyssey will combine in an all-stock merger, bringing together AOMC's extensive deep-ocean mineral exploration rights with Odyssey's decades of operational expertise in ocean exploration and technology.

Canada: Changes To AML And Virtual Currency Regulations For Reporting Entitles And Money Service Businesses 31 March 2021 by Simon Grant and Aylmer Wang Bennett Jones LLP Your LinkedIn Connections with the authors To print this article, all you need is to be registered or login on Mondaq.com.

Entities dealing in "virtual currencies", money services businesses (MSBs) and other reporting entities (REs) to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) will become subject to new compliance obligations with respect to transfers of virtual currency exceeding C$10,000 and know-your-client (KYC) recordkeeping, as updates to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated regulations come into force June 1,...