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Federal banking regulators propose revisions to third-party risk management guidance, expand eligibility for extended examination cycles, and clarify supervisory approaches to core service providers. How will these regulatory changes impact banking organizations' compliance strategies and operational relationships with third-party vendors?

Financial institutions should prepare for increased regulatory attention to customer due diligence, customer identification, and consumer credit risk involving non-work authorized individuals and customers whose lawful immigration...

In its latest attempt, the U.S. Department of Treasury, Financial Crimes Enforcement Network ("FinCEN"), will require certain investment advisers...

On February 11, 2014, the Canadian Federal Government released its 2014 Budget

On September 20, the District Court for the District of Oregon denied a motion for a preliminary injunction enjoining enforcement of the Corporate Transparency Act (CTA)...

FinCEN has reissued its Geographic Targeting Order requiring money services businesses along the U.S. southwest border to report cash transactions between $1,000 and $10,000. What compliance obligations do affected MSBs face, and how does this order fit into the broader federal strategy against cartel-linked money laundering?

FinCEN recently issued an alert to warn U.S. financial institutions, particularly depository institutions and money services businesses (MBSs), of the risks and red flags associated with bulk cash smuggling...

The Financial Industry Regulatory Authority recently publicized penalties against three companies, as well as four associated individuals, that it found had failed to establish and implement adequate procedures for detecting money laundering and other suspicious transactions in violation of the Bank Secrecy Act, 31 U.S.C. § 5318.

Anti-money laundering exposure in casinos often stems from breakdowns in reconciliation, reporting, or oversight — not just suspicious patrons.

The US government took its strongest step yet in its oversight of other virtual currency yesterday, fining prominent "Bitcoin alternative" company Ripple Labs Inc. $700,000 for what the government called a willful violation of the anti-money laundering laws.

The Anti-Money Laundering Act of 2020 (AML Act) serves as the starting point for financial institutions and companies looking to understand what to expect from the Biden administration with respect...

On January 1, 2021, Congress enacted the National Defense Authorization Act for Fiscal Year 2021 (the "NDAA"), after overriding a presidential veto.

On April 18, 2024, the Financial Crimes Enforcement Network ("FinCEN") announced its revised implementation schedule for providing access to the beneficial ownership information ("BOI") reports.

In this episode of "The Trial Lawyer's Handbook" podcast series, litigation attorney Dan Small makes the case for "show and tell" in the courtroom.

In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

The rise in the global popularity of real-money video games and online gambling sites serves notice to developers, platforms, and investors to carefully consider the legal issues...

On August 28, the Financial Crimes Enforcement Network (FinCEN) issued a final rule establishing anti-money laundering and countering the financing of terrorism (AML/CFT)...