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Over the past several years, financial regulators have increased their focus on financial institutions’ Anti-Money Laundering regulatory compliance.

FinCEN issued guidance in March 2013 clarifying that anti-money laundering regulations concerning record keeping and recording apply to digital currency exchanges.

On December 16, 2021, the Office of the Comptroller of the Currency ("OCC") and the Financial Crimes Enforcement Network ("FinCEN") issued civil monetary penalties against a Texas community bank for violations...

A federal court in Texas has vacated FinCEN's Residential Real Estate Reporting Rule, suspending enforcement and eliminating current reporting obligations for title companies and closing agents. FinCEN has issued updated guidance confirming no liability for non-filing during the vacatur period, though the agency has appealed the decision and the rule may be reinstated pending Fifth Circuit review.

On April 11, 2021, Michael Mosier assumed the position of Acting Director of the Treasury Department's Financial Crimes Enforcement Network (FinCEN).

On December 8, 2021, the Financial Crimes Enforcement Network (FinCEN) published a notice as an initial step in addressing potential money laundering vulnerabilities...

Last week, the Financial Crimes Enforcement Network (FinCEN) backed up its strong public statements about enforcing the anti-money laundering (AML) laws.

On October 21, 2015, the Joint Committee of the European Securities and Markets Authority, the European Banking Authority and the European Insurance and Occupational Pensions Authority published two consultation papers...

On June 27, a broad lineup of U.S. government departments and agencies issued an "Africa Gold Advisory." The 29-page Advisory, jointly issued by the U.S. Departments of State...

SDNY and the CFTC announced parallel criminal and civil enforcement actions against a U.S. Army soldier for insider trading on an offshore prediction market.

The Manhattan District Attorney's Office has indicted six individuals and two companies in a $76 million fraud case involving Silver Birch, marking a significant shift in white-collar crime enforcement as federal authorities appear to be stepping back from such prosecutions. This case raises critical questions about whether state prosecutors will fill the enforcement gap left by the Department of Justice's changing priorities under the current administration.

The US Department of the Treasury's Financial Crimes Enforcement Network has issued a final rule that fundamentally transforms the Corporate Transparency Act's beneficial ownership information reporting regime. This regulatory change exempts US companies and US persons from previously mandated reporting requirements, effectively ending a compliance framework that was set to impact millions of domestic entities.

The Financial Crimes Enforcement Network ("FinCEN") expanded its use of Geographic Targeting Orders ("GTOs") broadening efforts to combat money laundering in the luxury residential real estate market.

In 2022, French building materials manufacturer Lafarge pleaded guilty in the United States to a one-count criminal information charging conspiracy to provide material support and resources...

The Commission adopted Delegated Regulation (EU) 2016/1675 in July 2016. The Delegated Regulation, for the first time, identified high-risk third countries with strategic anti-money laundering...

On July 13, a divided Ninth Circuit panel upheld a lower court order that barred enforcement of FinCEN’s border Geographic Targeting Order (“GTO”). The GTO would have forced money services businesses (“MSBs”) in 30 ZIP codes along the U.S.-Mexico border to report cash transactions of just over $200, a dramatic reduction from the longstanding $10,000 reporting threshold.

Three months after a leak and investigation into over $2 trillion in suspect transactions at the world's largest banks and financial institutions, known as the "FinCEN Files,"

On January 2, 2021 the National Defense Authorization Act ("NDAA") became law.