How Will the Anti-Money Laundering Act of 2020 and the Corporate Transparency Act Impact Banks’ Anti-Money Laundering Compliance Under the Bank Secrecy Act? A Discussion with Guest Matt Haslinger
Compliance Perspectives: Due Diligence and Ultimate Beneficial Ownership (UBO)
On June 5, FinCEN, the FDIC, the OCC, and the NCUA, in coordination with the IRS, jointly issued an advisory urging financial institutions, particularly banks, to monitor for fraud schemes and other suspicious or potentially...more
On June 5, 2026, the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”), jointly with the Federal Deposit Insurance Corporation (“FDIC”), the Office of the Comptroller of the Currency (“OCC”), and the...more
On May 22, 2026, House Committee on Oversight and Government Reform (“Committee”) Chairman James Comer opened an investigation into how users of prediction market platforms potentially are using nonpublic information to...more
The EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has launched a consultation on draft guidelines on ongoing monitoring of business relationships under Article 26(5) of Regulation...more
Building on prior orders, the White House’s Executive Order 14406, Restoring Integrity to America’s Financial System, pressures financial institutions to integrate citizenship status into their risk-based diligence measures....more
Key Takeaways - A recent executive order focuses on national security and public safety risks caused by illicit cross-border financial activity and risks to the financial system posed by the extension of credit or...more
On May 19, President Donald Trump issued Executive Order 14406, “Restoring Integrity to America’s Financial System,” which establishes a new policy to safeguard financial institutions against structural credit risks and deter...more
Financial institutions should prepare for increased regulatory attention to customer due diligence, customer identification, and consumer credit risk involving non-work authorized individuals and customers whose lawful...more
On May 19, 2026, President Donald Trump signed an Executive Order, “Restoring Integrity to America’s Financial System” (the “Executive Order”). The Executive Order directs the Treasury Department, the Consumer Financial...more
President Trump’s May 19, 2026 executive order, Restoring Integrity to America’s Financial System, directs Treasury, FinCEN, the CFPB, and the federal banking agencies to reassess how financial institutions identify and...more
Back in early July 2021, the European Commission presented a new set of legislative proposals to reform, improve and strengthen the European anti-money laundering and counter-terrorism financing framework (the AML Package)....more
The EU AML Regulation (AMLR) introduces expanded and harmonized definitions of politically exposed persons (PEPs), alongside more prescriptive due diligence expectations....more
In this episode, Matt Bisanz interviews Chad Gerhardstein, Chief Risk and Strategy Officer at Trulioo, about how financial institutions and commercial customers are grappling with identity fraud risks. They explore how Chad...more
On May 19, 2026, President Donald Trump signed an executive order titled, “Restoring Integrity to America’s Financial System.” The order is designed to mitigate risks to the financial system “posed by the extension of credit...more
The $275 million OFAC settlement with Adani Enterprises Limited offers a powerful compliance roadmap for multinational companies involved in energy trading, shipping, commodities, logistics, and cross-border finance....more
On April 10, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) jointly issued a notice of proposed rulemaking (NPRM) setting out their view of how sanctions,...more
The EU's Anti-Money Laundering Authority's (AMLA) consultation on regulatory technical standards for customer due diligence closes on Friday 8 May 2026. For those operating in the payments space, uncertainty about the meaning...more
In an interview held for "Calcio e Finanza", Bruna Szego, Chair of the Anti-Money Laundering Authority ("AMLA"), talked about the extension of the scope of application of Regulation (EU) 2024/1624 ("AMLR") to professional...more
On 8 April 2026, the Financial Conduct Authority (FCA) published findings from its 2025 multi-firm review of customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring controls....more
On April 7, 2026, the US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a proposed rule (the “Proposed Rule”) intended to fundamentally reform financial institutions’ anti-money laundering...more
Las recientes actualizaciones a materiales regulatorios en Estados Unidos, incluidas revisiones al marco de examen en materia de prevención de lavado de activos y financiamiento del terrorismo, han reducido o eliminado las...more
Recent updates to certain U.S. regulatory materials, including revisions to the BSA/AML examination framework, have de-emphasized or removed references to reputational risk....more
Designed for busy in-house counsel and compliance professionals, this newsletter summarizes key domestic and international anti-money laundering (AML) regulatory and enforcement developments from the past few months, with...more
Two separate – but closely coordinated – notices of proposed rulemaking (NPRMs) were published to amend the anti-money laundering and countering the financing of terrorism (AML/CFT) requirements for certain financial...more
On April 7, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) unveiled a sweeping proposed rule aimed at modernizing anti-money laundering and countering the financing of terrorism...more