The Office of Foreign Assets Control (“OFAC”) is an arm of the U.S. Department of Treasury, tasked with administering and enforcing various economic and trade sanctions intended to further U.S. foreign policy and national...more
9/26/2023
/ Export Controls ,
Exports ,
Foreign Ownership ,
Office of Foreign Assets Control (OFAC) ,
Real Estate Development ,
Real Estate Investments ,
Real Estate Market ,
Restricted Transactions ,
Sanctions ,
SDN List ,
State and Local Government ,
U.S. Treasury
On December 15, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking (the “NPRM”) that would implement provisions of the Corporate Transparency Act (the “CTA”) regarding access to...more
1/9/2023
/ Beneficial Owner ,
Civil Monetary Penalty ,
Confidentiality Policies ,
Corporate Transparency Act ,
Disclosure Requirements ,
Due Diligence ,
Financial Institutions ,
FinCEN ,
NPRM ,
Proposed Regulation ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Safeguards Rule
On September 29, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued the highly anticipated final rule, Beneficial Ownership Information Reporting Requirements (the “Final Rule”), implementing the beneficial...more
10/6/2022
/ Beneficial Owner ,
Corporate Transparency Act ,
Customer Due Diligence (CDD) ,
Employer Identification Number (EIN) ,
Final Rules ,
FinCEN ,
Income Taxes ,
Limited Liability Company (LLC) ,
New Regulations ,
Penalties ,
Reporting Requirements