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On April 7, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Press Release describing a Notice of Proposed...

Since 9/11, countering the financing of terrorism (CFT) has been a focus of U.S. and international security policy, and an evolving feature of the regulatory and risk environment...

The SEC EXAMS Staff recently issued a Risk Alert highlighting specific concerns regarding the anti-money laundering practices of U.S. broker-dealers.

Seyfarth Synopsis: On May 12, 2021, President Joe Biden issued a very broad, 34 page "Executive Order on Improving the Nation's Cybersecurity.

While proposing the plan, the debtor is entitled to certain protections against involuntary bankruptcy petitions and other adverse creditor actions, albeit for a period of four months maximum.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a historic $215,988,868 civil monetary penalty...

If your nonprofit operates outside the United States, you now have additional reasons to worry about your organization being associated with terrorist groups.

As discussed in our March 4 Client Alert, following its February 27 and March 2 announcements suspending enforcement of the Corporate Transparency Act...

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final rule permanently removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). The final rule, announced on August 11, 2026, is effective upon publication in the Federal Register.

On December 15, 2022, the Financial Crimes Enforcement Network ("FinCEN") issued a Notice of Proposed Rulemaking (the "Notice") in relation to the implementation of the...

Bank of America faces a historic $1.2 billion penalty from federal regulators for Bank Secrecy Act violations stemming from inadequate oversight of automated monitoring systems. The enforcement action reveals how technology investments without corresponding updates to staffing, training, and audit procedures can create compliance failures that persist for years. This case offers critical lessons for private fund managers adopting AI and automated tools in their compliance programs.

First a disclosure – I used to be a Nominated Officer at a big bank, and so was ‘nominated' to receive internal suspicious activity reports (SARs) under the Proceeds of Crime Act 2002 (POCA)...

On December 6, 2021, the Biden Administration released the United States Strategy on Countering Corruption ("Strategy"), the first of its kind.

On March 6, 2026, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), in coordination with the US Securities and Exchange Commission (SEC)...

In order to provide an overview for busy in-house counsel and compliance professionals, we've summarized below some of the most important international anti-corruption developments from the past month.

FinCEN has been busy, announcing proposed rulemaking on customer due diligence on beneficial owners and issuing several advisories on AML issues.

Transaction Laundering (TL), sometimes referred to as "undisclosed aggregation," or "factoring," is a growing threat to the payments industry.

Marijuana might be legal in some places, but as IRS audits increasingly show, just doing business with the legal marijuana industry brings significant compliance challenges, especially for the financial services world.