Financial services regulatory reform will continue to be active in 2021, with the Biden Administration focused on activity at the intersection of financial regulation and social policy. ...
FinCEN recently issued the much-anticipated national AML/CFT priorities and announced its intention to implement a no-action letter process to complement to its current regulatory guidanc...
Davis Polk’s webinar on the SEC’s renewed focus on deficiencies in monitoring and reporting suspicious activities by financial institutions, particularly as it relates to penny stocks...
The Securities and Exchange Commission’s recent case against a registered broker-dealer for not filing Suspicious Activity Reports (SARs) reinforces the SEC’s focus on anti-money laun...
The Fed’s recent proposal marks the latest development on one of the most important policy questions for the U.S. financial system today: who is entitled to have a master account? A mas...
Davis Polk partner Dan Stipano recently authored “New AML law will help banks deter illicit finance. But there’s a catch.” in American Banker. The article discusses the potential im...
The Securities and Exchange Commission’s (SEC) Division of Examinations (the Staff) recently issued a risk alert reminding broker-dealers (firms) of their obligations under anti-money l...
The U.S. federal banking agencies have issued an interagency statement addressing industry questions on model risk management and AML compliance. Specifically, the statement clarifies th...
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
Davis Polk lawyers with deep experience in anti-money laundering discuss enforcement trends and other key developments in this area, including the 10 key steps (plus a bonus) that financi...
The Financial Crimes Enforcement Network of the U.S. Department of the Treasury has begun a rulemaking to implement the beneficial ownership reporting provisions of the new Corporate Tran...
