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On December 29, 2022, President Biden signed a new whistleblower law that significantly increases the risk and cost of whistleblower claims for domestic and overseas financial services institutions...

The prevalence, sophistication, and severity of ransomware attacks have increased anti-money laundering risks faced by financial institutions both as targets

The purpose of this article is to inform stakeholders about the Anti-Money Laundering Act of 2020 (AMLA), explain its impact on the U.S. anti-money laundering (AML) regime, and highlight critical updates for financial institutions.

On March 13, 2014, Tullow Oil announced that it was suspending further funding and activities related to a drilling concession in Guinea.

On July 22, 2019, the five federal agencies tasked with the supervision, examination, and enforcement of Bank Secrecy Act (BSA) and anti-money laundering (AML)

On May 14, a Delegated Regulation ((EU) 2019/758) supplementing the Fourth Money Laundering Directive ((EU) 2015/849) (MLD4) with regulatory technical standards (RTS).

An Executive Order issued today by President Obama authorizes the blocking of property and the imposition of visa bans on individuals who threaten Ukraine's stability.

Failure to comply with the new regulations can result in increased criminal penalties in an amount equal to the profit gained by reason of the violation and up to 10 years' imprisonment.

As the financial services industry prepares for expanded criminal and civil enforcement under the Bank Secrecy Act ("BSA") with the passage of the Anti-Money Laundering Act of 2020, FinCEN's recent...

On June 28, 2024, The U.S. Treasury's Financial Crimes Enforcement Network ("FinCEN") released a notice of proposed rulemaking (the "Proposed Rule") that would amend FinCEN's anti-money laundering ("AML")...

The Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department, has proposed a new rule to bring convertible virtual currencies (CVC)

On February 13, 2025, FinCEN issued an order granting exceptive relief for covered financial institutions from certain Customer Due Diligence ("CDD") requirements for new account openings.

MBaer Merchant Bank AG ("MBaer") was recently designated a "primary money laundering concern" by the U.S. Department of the Treasury's Financing Crimes Enforcement Network ("FinCEN")...

In a notable back-to-back set of releases, the Financial Crimes Enforcement Network first issued a March 30, 2026 advisory urging financial institutions to identify and report suspicious activity tied to health care...

On February 26, 2020, Judge Janet Bond Arterton, a federal judge for the District of Connecticut, overturned a former Alstom SA executive's conviction under the Foreign...

The release of the Pandora Papers, a leak of approximately 12 million documents, exposed how foreign leaders and private actors use tax havens to conceal their wealth, with the United States a destination of choice.

Ranking Member of the House Financial Services Committee ("HFSC") Patrick McHenry (R-NC) offered to cooperate with new Chair Maxine Waters on a list of priorities affecting the U.S. financial system.