FinCEN issued its long-awaited proposed rule that would impose AML/CFT obligations on certain investment advisers, such as requirements to implement and maintain an AML/CFT compliance pro...
FinCEN announced its long-awaited proposed rule targeting illicit finance in the real estate sector and, on the same day, Treasury released its 2024 national illicit finance risk assessme...
FinCEN released its long-awaited final rule governing access to the national database of beneficial ownership information. The final rule addresses some of the most significant concerns t...
The reporting requirements under FinCEN’s Beneficial Ownership Information Reporting Rule will go into effect on January 1, 2024. As the effective date approaches, FinCEN has issued a n...
FinCEN released a proposed rule that would identify international convertible virtual currency mixing as a class of transactions of “primary money laundering concern” – a designatio...
The FDIC proposed enforceable guidelines on corporate governance and risk management that would apply to all state non-member banks with assets greater than $10 billion. The proposal wou...
Davis Polk partner Dan Stipano authored “Expert Q&A on the effect of the Corporate Transparency Act BOI rule on loan transactions” in Thomson Reuters Practical Law. In the article, Da...
The Federal Reserve Board released two supervisory letters: one introducing a program to supervise novel activities and one providing details on the process for state member banks to enga...
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
We discuss some of this year’s key enforcement trends and policy and regulatory developments in U.S. sanctions and anti-money laundering. Topics include:Russia sanctions and other recen...
