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The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation, and the Federal Reserve Board (collectively, the "Agencies") have jointly issued a Notice of Proposed Rulemaking (NPR)...

The Financial Crimes Enforcement Network ("FinCEN") issued its final rule ("Rule") to implement reporting requirements for beneficial ownership information on September 30, 2022.

After years of rulemaking efforts, FinCEN issued a Notice of Proposed Rulemaking (Proposed Rule) Feb. 15, 2024, that would subject certain investment advisers to AML/CFT compliance requirements...

U.S. persons holding blocked property under OFAC sanctions programs face a critical September 30, 2026 deadline to file their Annual Report of Blocked Property. This comprehensive reporting obligation spans all OFAC sanctions programs and covers diverse asset types including bank accounts, securities, real estate, and digital assets. Understanding who must file, what constitutes blocked property, and how to properly submit reports through OFAC's reporting system is essential for compliance.

Silicon Valley Bank, Santa Clara, California, was closed on March 10 by the California Department of Financial Protection and Innovation (CDFPI).

Anti-Money Laundering (AML), Bank Secrecy Act (BSA) and sanctions compliance and enforcement have become leading issues for companies across the full spectrum of the world's economy.

The American Bar Association (ABA) hosted the 39th Annual National Institute on White Collar Crime March 6-8, 2024.

The Anti-Money Laundering ("AML") whistleblower regime in the United States received significant updates as part of the Consolidated Appropriations Act, 2023 ("CAA"), signed into law...

On February 7, 2024, the U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") issued a Notice of Proposed Rulemaking (the "Proposed Rule") designed to combat and deter money laundering in the U.S. residential real estate sector.

FinCEN Head Suggests All ICOs Are Money Transmissions Subject To Regulation

Increasingly, companies may find themselves at the mercy of cyber-pirates and other hackers who, through improper means, seize control of information technology systems...

FinCEN has issued a final rule permanently narrowing the scope of beneficial ownership information reporting under the Corporate Transparency Act, exempting domestic reporting companies...

The US Department of the Treasury has released an Illicit Finance Risk Assessment of Decentralized Finance, which indicates that the Treasury Department sees significant risks...

On February 4th the Financial Crimes Enforcement Network ("FinCEN"), an agency within the US Department of the Treasury, released its much anticipated Study of the Facilitation of...

Throughout my years of work in compliance, there is really nothing I enjoy more, and nothing more challenging, than constructing a new risk assessment.

FATF's latest Targeted Update Report on Implementation of the FATF Standards on VAs and VASPs stresses that many jurisdictions continue to struggle with the fundamentals of virtual asset regulation, including undertaking risk assessments.

The ANPRM follows a 2021 FinCEN assessment and a Report to Congress about the feasibility and usefulness of such a process.