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Financial institutions employ screening—using lists of names, entities, persons, or countries derived from various sanctions or prohibited persons lists to identify possible legal restrictions (e.g., sanctions)...

Beginning January 1, 2024, the US Corporate Transparency Act (CTA) will require corporations, limited liability companies, limited partnerships and other similar entities...

On Jan. 1, 2024, the US Department of Treasury's Financial Crimes Enforcement Network ("FinCEN") beneficial ownership reporting rule ("BOI Rule")...

In a recent opinion out of the U.S. District Court for the Northern District of Alabama, the newly-effective Corporate Transparency Act ("CTA") has been found unconstitutional.

The Corporate Transparency Act ("CTA") is new legislation that requires information to be filed on individuals who are beneficial owners of most US entities and non-US entities...

A Brooklyn jury found Arab Bank, Jordan’s largest lender, guilty of violating the U.S. Anti-Terrorism Act for providing financial services to individuals and entities linked to Hamas.

Federal banking regulators have issued three significant updates affecting financial institutions: a new definition of "unsafe or unsound practices" under the Federal Deposit Insurance Act, expanded reciprocal deposit exceptions with tiered calculations based on total liabilities, and clarifications on Suspicious Activity Report confidentiality requirements that permit customer communications about suspicious transactions without revealing SAR existence.

Under the proposed rules, FinCEN would delegate its authority to examine RIAs for compliance with these regulations to the SEC.

On July 11, 2023, the U.S. Securities and Exchange Commission announced a settled action involving a registered broker-dealer and its parent company for allegedly failing to file hundreds...

On April 8, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a notice of proposed rulemaking to implement the anti-money laundering/countering the financing of terrorism (AML/CFT) and U.S. economic sanctions provisions of the GENIUS Act (the Proposed Rule).

Around the world, the fight against money laundering and terrorism financing is ramping up in response to the emergence of ever-more sophisticated criminal networks and infrastructure.

The House of Representatives passed, by a voice vote, a bill designed to reform the Bank Secrecy Act ("BSA") and anti-money laundering ("AML") laws.

On January 1, 2021, Congress overrode a presidential veto to enact the Anti-Money Laundering Act of 2020

Congress appears poised to once again use the National Defense Authorization Act (NDAA), which is consistently passed by Congress, to enact significant reform to the Bank Secrecy Act...

On January 18th, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued its first action (the Order) pursuant to Section 9714 of the Combating Russian Money Laundering Act...

n December 3, 2018, the federal bank regulatory agencies, the National Credit Union Administration and the Financial Crimes Enforcement Network (FinCEN) ...

The U.S.-Mexico economic and political relationship has undergone significant turbulence under the Trump administration, largely due to the administration's focus on border security, drug trafficking enforcement, and a redefined doctrine of "economic security as national security."

Banks and their employees face a difficult balancing act when discussing suspected fraud or money laundering activity with a customer on whose account activity the bank has filed a suspicious activity report (SAR). The bank must take practical steps to protect the customer and the institution (for example, verifying transactions, restricting account access, or requesting additional documentation) while strictly preserving SAR confidentiality.