FinCEN’s proposed rule would offer significant financial incentives to individuals who report corporate violations of anti-money laundering, sanctions and national security laws across ...
FinCEN announced that it will not enforce reporting requirements under its residential real estate rule following the U.S. District Court for the Eastern District of Texas’s decision to...
Davis Polk AML/CFT head Dan Stipano and counsel Kendall Howell authored “Practical AI governance for community and midsize banks” in ABA Risk and Compliance. In the article, they prov...
Over the past several weeks, the post-Maduro sanctions landscape in Venezuela has begun to take shape, with tightly controlled relief focused on the Venezuelan oil industry and broad sanc...
The Treasury Department’s Financial Crimes Enforcement Network continues its efforts to modernize the U.S. AML/CFT compliance framework, providing covered financial institutions excepti...
The Treasury Department’s Financial Crimes Enforcement Network launched a series of high-profile measures targeting alleged government benefits fraud in Minnesota. Treasury suggested th...
Davis Polk associate Kendall Howell co-authored a white paper with epay’s Global Head of Compliance Mayra De La Garza titled “From insight to action: Leveraging AI for AML and fraud p...
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...
With attempts to secure a negotiated settlement to the Ukraine war at an apparent impasse, the U.S. government imposed blocking sanctions on the two largest Russian oil producers – Rosn...
