If you are a citizen of the United States with Italian heritage, you may qualify for dual citizenship in Italy.
Since 1992, Italy has allowed dual citizenship with the United States, and applicants do not have to renounce...more
New York is considering groundbreaking legislation that the state’s attorney general calls the “strongest and most comprehensive set of regulations on cryptocurrency in the nation.” Attorney General Letitia James said the...more
The past week delivered three major shocks to the financial and tech worlds: first, the March 8 failure of Silvergate Bank; second, the sudden, March 10 failure of Silicon Valley Bank (“SVB”); and third, the weekend collapse...more
New York’s Department of Financial Services (“DFS”) recently announced a $100 million settlement with Coinbase, Inc., one of the world’s largest cryptocurrency exchanges, for Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”)...more
1/10/2023
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Coinbase ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Digital Assets ,
Due Diligence ,
Financial Institutions ,
New York ,
NYDFS ,
Reporting Requirements ,
Settlement ,
Suspicious Activity Reports (SARs) ,
Transaction Monitoring
Personal injury attorney, George Constantine, and orthopedic surgeon, Andrew Dowd, were convicted by a Manhattan federal jury on Friday, December 16, for knowingly profiting from a $31 million personal injury litigation scam....more
On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued the first of three final rules implementing the Corporate Transparency Act’s beneficial ownership information (BOI) requirements. The aim of the...more
The Office of Cannabis Management in New York state has provided further guidance on how adult-use conditional cultivators (AUCCs) must measure and report the square footage of their flowering canopy to remain compliant with...more
On Saturday, March 7, New York Governor, Andrew Cuomo, issued Executive Order No. 202 declaring a disaster emergency in the State of New York in connection with the COVID-19 outbreak. As a result of this declaration, ESCOs...more
Your business wouldn’t fall for fraud – or would it? These days, cybercriminals are getting more personal, meaning they’ve gone from sending blanket emails with farfetched claims to scouring your personal data to craft highly...more
12/11/2019
/ Business Development ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Hackers ,
Information Security ,
Malware ,
Phishing Scams ,
Popular ,
Ransomware ,
Risk Management
This week the trade organization representing credit unions, the Credit Union National Association (CUNA), urged the director of the Consumer Financial Protection Bureau (CFPB) to delegate examination and enforcement...more
As employers continue to prepare for compliance with respect to the European Union’s (“EU”) new overarching data privacy law, the General Data Protection Regulation 2016/679 (“GDPR”), employers are reminded to take necessary...more
5/9/2018
/ Consent ,
Data Protection ,
Employee Handbooks ,
Employer Liability Issues ,
EU ,
EU Data Protection Laws ,
EU-US Privacy Shield ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Model Contract Clauses ,
Notice Requirements ,
Personal Data
Financial institutions face a pending deadline to meet new customer due diligence requirements. FinCEN has issued updated Frequently Asked Questions to assist financial institutions in understanding the scope of the...more
The European Union’s (EU) comprehensive General Data Protection Regulation 2016/679 (GDPR) replaces the long-standing Data Privacy Directive 95/46-EC (Directive), regulates the collection, processing, and transfer of an...more
2/23/2018
/ Data Breach ,
Data Protection ,
Data Protection Officers (DPOs) ,
Duty to Delete ,
EU ,
EU Data Protection Laws ,
European Economic Area (EEA) ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Multinationals ,
Personal Data ,
Personally Identifiable Information ,
Policies and Procedures ,
Third-Party Service Provider ,
Vendors