The OCC released new Bank Secrecy Act examination procedures to reduce regulatory burdens for community banks, continuing its efforts to streamline anti-money laundering compliance obliga...
The proposed Mexico-related special measure is an extension of the administration’s “total elimination” strategy against cartels and transnational criminal organizations. The propos...
The FDIC and OCC propose to codify safety and soundness and reputational risk. This update contains our key takeaways, views on immediate steps banks should consider and a summary of the ...
FinCEN and the federal banking agencies released new FAQs intended to streamline suspicious activity reporting obligations for financial institutions. Together with other recent actions, ...
Davis Polk AML/CFT head Dan Stipano and associate Kendall Howell authored “Trump crypto report reveals path to financial crimes compliance” in Bloomberg Law. In the article, they disc...
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
Please join us for a discussion on some of this year’s key enforcement trends and policy and regulatory developments in U.S. sanctions and anti-money laundering. Topics will include:San...
FinCEN announced that it will postpone the effective date of a final rule that would impose anti-money laundering compliance requirements on investment advisers, indicating the agency wil...
The President has signed the bipartisan GENIUS Act into law. Our client update breaks down the AML/CFT and sanctions compliance requirements of the GENIUS Act. A companion update provides...
In a significant step towards modernizing Bank Secrecy Act compliance, FinCEN and the federal banking agencies are providing flexibility in “know your customer” requirements for banks.
Davis Polk partner and White Collar Defense & Investigations practice chair Neil MacBride, AML/CFT head Dan Stipano, partners Paul Marquardt and David Portilla and associate Josh Slifka a...
