The cryptocurrency industry should brace itself for increased scrutiny from the DOJ and other enforcement agencies. The DOJ recently announced the creation of a National Cryptocurrency Enforcement Team (“NCET”), which will...more
On January 1, 2021, the Senate and the House of Representatives voted to override President Trump’s veto of the National Defense Authorization Act (NDAA) of 2021. The NDAA introduces legislation that allows federal oversight...more
A congressional report released on July 29, 2020, by the Senate’s Permanent Subcommittee on Investigations, exposes how Russian oligarchs looking to evade U.S. sanctions are able to exploit loopholes in the art industry....more
9/24/2020
/ AMLD IV ,
Art Collections ,
Art Dealers ,
Art Sales ,
BSA/AML ,
Corruption ,
Economic Sanctions ,
Financial Crimes ,
Fine Art ,
International Emergency Economic Powers Act (IEEPA) ,
Magnitsky Act ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
SDN List ,
Sothebys ,
Terrorist Financing Regulations ,
TWEA
On 10 January 2020 the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (the “2019 Regulations”) came into force in the UK, implementing the EU’s fifth Money Laundering Directive (“MLD5”) and amending the...more