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On May 6, 2016, the US Treasury Department put forth several measures to combat money laundering, corruption and tax evasion, in the wake of the so-called "Panama Papers" document leak.

In an advisory, FinCEN alerted financial institutions to recent Financial Action Task Force ("FATF") updates to the list of jurisdictions with strategic AML and combating the financing of terrorism ("AML/CFT") deficiencies.

FinCEN assessed a civil monetary penalty against a former chief operational risk officer for failing to prevent Bank Secrecy Act ("BSA") violations.

FinCEN Director Kenneth A. Blanco reminded market participants of their obligations to comply with AML regulations related to convertible virtual currencies ("CVC").

Standard Chartered Bank ("SCB") has agreed to a USD 340 million settlement with the New York State Department of Financial Services ("DFS").

The U.S. Department of the Treasury ("Treasury") Financial Crimes Enforcement Network ("FinCEN") continues its effort to curtail fraud in residential real estate...

The world of cryptocurrency has witnessed remarkable growth in recent years, attracting both retail and institutional investors. It has also made it appealing for Fintech startups to venture into the world of digital finance.

Once promulgated, the implementing regulations for the CTA could potentially affect all U.S. companies, even those that are exempt from reporting beneficial ownership information.

On August 1, 2022, the New York Department of Financial Services ("DFS" or the "Department") secured its first enforcement win against a cryptocurrency platform, Robinhood's crypto trading arm Robinhood Crypto, LLC.

This year has brought several important sweeping regulatory changes in the United States, including the most substantive Bank Secrecy Act (BSA)/anti-money laundering (AML)...

A broker-dealer and its former Chief Compliance Officer settled FINRA charges for failing to reasonably establish and maintain an AML program designed to achieve compliance with the Bank Secrecy Act.

Following up and consistent with public statements earlier this summer, FinCEN has formally proposed a two year delay of the effective date...

FinCEN provided (i) information to financial institutions on illicit activity associated with trade in antiquities and works of art, and (ii) related instructions for filing suspicious activity reports.

On September 1, 2020, the Financial Crimes Network ("FinCEN") issued a statement regarding various media outlets' intent to publish Suspicious Activity Reports ("SARs")

As anticipated, beginning in early May, the DOJ began prosecuting individuals for fraudulently seeking forgivable loans guaranteed by the Small Business Administration through the new Paycheck Protection Program.

The Financial Crimes Enforcement Network ("FinCEN") provided guidance on the application of Bank Secrecy Act money transmission regulations to business models involving convertible virtual currencies ("CVCs").

It takes stock of the progress made to deepen EMU since the publication of the Five Presidents' Report: Completing Europe's EMU on June 22, 2015.