The override of former President Trump's veto of the National Defense Authorization Act of 2021 resulted in the enactment of broad amendments to the US anti-money laundering regime. Of particular note is the inclusion of the...more
1/28/2021
/ Anti-Money Laundering ,
Beneficial Owner ,
Closely Held Businesses ,
Corporate Transparency Act ,
Covered Entities ,
Customer Due Diligence (CDD) ,
FinCEN ,
Limited Liability Company (LLC) ,
NDAA ,
Shell Corporations ,
Special Purpose Vehicles
A controversial proposed rule from the Financial Crimes Enforcement Network would bring bank-like regulation of virtual asset transactions, including the first broadly-applied AML reporting requirement in at least two...more
1/7/2021
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Cryptocurrency ,
Currency Transaction Reports (CTR) ,
Digital Assets ,
FinCEN ,
Money Services Business ,
NPRM ,
Patriot Act ,
Proposed Regulation ,
Proposed Rules ,
Recordkeeping Requirements ,
Virtual Currency