The Anti-Money Laundering Act of 2020 (AML Act), enacted on January 1, 2021 as part of the National Defense Authorization Act for Fiscal Year of 2021 (NDAA), makes several significant changes to U.S. anti-money laundering...more
2/23/2021
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Beneficial Owner ,
BSA/AML ,
Customer Due Diligence (CDD) ,
Disgorgement ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
NDAA ,
New Legislation ,
Pooled Investment Vehicles ,
Regulatory Agenda ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Suspicious Activity Reports (SARs) ,
Whistleblowers
On April 28, 2020, the Commerce Department’s Bureau of Industry and Security (“BIS”) published two final rules and one proposed rule targeting national security controlled exports and reexports to China, Russia, and...more
4/30/2020
/ Bureau of Industry and Security (BIS) ,
China ,
Commerce Control List ,
ECCNs ,
End-Users ,
Exemptions ,
Export Controls ,
Exports ,
Final Rules ,
Licensing Rules ,
Military End Use ,
National Security ,
Reporting Requirements ,
Russia ,
U.S. Commerce Department ,
US Trade Policies ,
Venezuela
For many U.S. asset managers and other financial services providers, the recent BE-10 Benchmark Survey of U.S. Direct Investment Abroad (BE-10) and the upcoming BE-180 Benchmark Survey of Financial Services Transactions...more
10/7/2015
/ Asset Management ,
BEA ,
Benchmarks ,
Cross-Border Transactions ,
Financial Institutions ,
Foreign Direct Investment ,
Foreign Investment ,
Form BE-10 ,
Reporting Requirements ,
Surveys ,
U.S. Commerce Department
A non-U.S. company that buys or sells U.S. real estate that is or once was used for agricultural purposes may face reporting requirements in connection with such transactions. These reporting obligations might apply whether...more
This article originally was published in the Winter 2015 Edition of the Dechert Private Equity Newsletter but has been updated to reflect recent guidance from the U.S. Commerce Department’s Bureau of Economic Affairs (BEA) on...more
4/23/2015
/ BEA ,
Covered Transactions ,
Filing Deadlines ,
Foreign Direct Investment ,
Foreign Investment ,
Foreign Ownership ,
Form BE-10 ,
Form BE-13 ,
Private Equity ,
Private Equity Funds ,
Reporting Requirements ,
U.S. Commerce Department
With the globalization of the economy, most private equity funds are likely to own companies based in the United States that have operations or subsidiaries outside the United States, and/or have interests in non-U.S....more