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On January 1, 2021, the US Congress enacted the FY2021 National Defense Authorization Act (NDAA). Incorporated within the NDAA is the Anti-Money Laundering Act of 2020 (AML Act), ...

Melanie Tomanov, an attorney in the transactional Entertainment and Media practice, has authored an article on the benefits of copyright registration for writers, artists and other creative people.

Persons with "sufficient influence or control" over a DeFi application potentially should be responsible for the anti-money laundering ("AML") and controlling the financing of terrorisms ("CFT")...

On August 24, 2017, the New York State Department of Financial Services ("DFS") instituted enforcement proceedings against a Pakistani bank seeking a $630 million civil penalty for alleged "AML" violations.

In a three-count indictment unsealed on May 28, 2013, the U.S. Attorney’s Office for the Southern District of New York alleged that the owners, founders and managers at Liberty Reserve, an online currency exchange, conspired to launder six billion dollars over the last seven years.

The expansive National Defense Authorization Act for Fiscal Year 2021 (NDAA) that Congress enacted on January 1, 2021 (over President Trump's veto), extends the anti-money laundering and...

As a reminder, the Financial Crime Enforcement Network's (FinCEN) Residential Real Estate rule (the "Real Estate Rule") is effective March 1, 2026. The Real Estate Rule was originally to take effect December 1, 2025...

With a different structure from the US Foreign Corrupt Practices Act (FCPA), the Money Laundering Control Act (MLCA) has become an important tool in the US government's fight against international corruption.

Back in 2021, the U.S. Government passed the Corporate Transparency Act (CTA), which was an effort to improve upon the Bank Secrecy Act (BSA) and bolster the nation's defenses...

U.S. Treasury Undersecretary for Terrorism and Financial Intelligence Sigal Mandelker described strategies and priorities in combating terrorist financing, money laundering, and other threats...

On September 4, 2024, two employees of the Russian state-funded media outlet RT (formerly known as Russia Today) were indicted in the Southern District of New York for conspiracy to violate...

On October 11, 2018, the Financial Crimes Enforcement Network ("FinCEN") released an advisory to assist financial institutions – including banks, money services businesses, and any entity utilizing virtual currencies –

You are reading the August 2023 Update of the Bass, Berry & Sims Enforcement Roundup, where we bring notable enforcement actions...

As new legislation aimed at facilitating greater cybersecurity information sharing between private industry and government takes effect...

The US Senate is currently considering The Combating Money Laundering, Terrorist Financing, and Counterfeiting Act, known as the "Grassley Bill".

BankInfoSecurity.com reported that "A Vietnamese man accused of orchestrating the largest non-fungible token rug pull to date faces prosecution in the United States for wire fraud conspiracy and money laundering."

On February 8, DOJ announced that it had arrested two individuals, Ilya Lichtenstein and Heather Morgan, for allegedly conspiring to launder approximately $4.5 billion worth of cryptocurrency.

On May 13, 2020, Financial Crimes Enforcement Network ("FinCEN") Director Kenneth Blanco delivered remarks to the Consensus Blockchain Conference regarding the agency's recent observations...