FinCEN and the federal banking agencies released new FAQs intended to streamline suspicious activity reporting obligations for financial institutions. Together with other recent actions, ...
The Bureau of Industry and Security issued an interim final rule, effective immediately, that extends U.S. export control restrictions applicable to the Entity, MEU, and SDN lists to all ...
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...
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.
The Treasury and State Departments have issued sanctions relief permitting U.S. and foreign persons to engage in a broad set of transactions with Syrian businesses, the Syrian government ...
U.S. companies and U.S. persons are now exempt from the beneficial ownership reporting requirements under the Corporate Transparency Act and Beneficial Ownership Information Reporting Rule.
The Treasury Department’s decision to suspend enforcement of the CTA and BOI Reporting Rule means that beneficial ownership reporting under the CTA is now voluntary for U.S. citizens an...
The Trump administration’s policy memorandum on U.S.-China investment indicates continued tightening along the lines of existing initiatives, but not a revolutionary break.
