On November 12, 2019, FinCEN issued its latest Advisory on the Financial Action Task Force-Identified Jurisdictions with Anti-Money Laundering and Combatting the Financing of Terrorism Deficiencies and Relevant Actions by the...more
11/18/2019
/ Advisory Opinions ,
AML/CFT ,
Anti-Corruption ,
Anti-Money Laundering ,
Bahamas ,
BSA/AML ,
Cambodia ,
Cooperative Compliance Regime ,
Corrective Actions ,
Corruption ,
Countermeasures ,
Cross-Border Transactions ,
Due Diligence ,
Economic Sanctions ,
Failure to Comply ,
FATF ,
Federal Agency Taskforce ,
Financial Institutions ,
FinCEN ,
Foreign Banks ,
Foreign Jurisdictions ,
Ghana ,
Iran ,
Money Laundering ,
Mongolia ,
North Korea ,
Pakistan ,
Panama ,
Prohibited Transactions ,
Public Statements ,
Risk Management ,
Risk-Based Approaches ,
Suspicious Activities ,
Syria ,
Terrorist Financing Regulations ,
White Collar Crimes ,
WMD ,
Yemen ,
Zimbabwe
Testimony Supports Bill Requiring States to Collect Beneficial Ownership Information at Entity Formation -
As we have blogged, the proposed Corporate Transparency Act of 2019 (the “Act”) seeks to ensure that persons who...more
5/24/2019
/ Bank Secrecy Act ,
Beneficial Owner ,
BSA/AML ,
Corporate Structures ,
FATF ,
FBI ,
Financial Regulatory Reform ,
FinCEN ,
Legislative Agendas ,
Limited Liability Company (LLC) ,
Money Laundering ,
OCC ,
Regulatory Burden ,
Regulatory Standards ,
Senate Committees ,
Tax Evasion ,
Transparency
On September 15th, FinCEN issued its latest “Advisory on FATF-Identified Jurisdictions with AML/CTF Deficiencies.” The FATF, or the Financial Action Task Force, is a 37-member intergovernmental body, including the United...more
9/20/2017
/ AML/CFT ,
Banking Sector ,
Beneficial Owner ,
BSA/AML ,
Due Diligence ,
FATF ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Regulatory Standards ,
Risk Management ,
Terrorist Financing
2016 was a busy year for developments in Anti-Money Laundering (AML), the Bank Secrecy Act (BSA), the criminal money laundering statutes, forfeiture, and related issues. In part one of our year-in-review, we discuss six key...more
2/3/2017
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Banks ,
BSA/AML ,
Casinos ,
Consumer Lenders ,
Customer Due Diligence (CDD) ,
FATF ,
Financial Institutions ,
FinCEN ,
Fines ,
Gambling ,
Gaming ,
Geographic Targeting Order ,
Money Laundering ,
Mortgage Lenders ,
Mortgages ,
NYDFS ,
Offshore Funds ,
Panama Papers ,
Popular ,
Real Estate Market ,
Suspicious Activity Reports (SARs) ,
Tax Evasion