The FDIC and OCC propose to codify safety and soundness and reputational risk. This update contains our key takeaways, views on immediate steps banks should consider and a summary of the ...
FinCEN and the federal banking agencies released new FAQs intended to streamline suspicious activity reporting obligations for financial institutions. Together with other recent actions, ...
Davis Polk AML/CFT head Dan Stipano and associate Kendall Howell authored “Trump crypto report reveals path to financial crimes compliance” in Bloomberg Law. In the article, they disc...
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
Please join us for a discussion on some of this year’s key enforcement trends and policy and regulatory developments in U.S. sanctions and anti-money laundering. Topics will include:San...
FinCEN announced that it will postpone the effective date of a final rule that would impose anti-money laundering compliance requirements on investment advisers, indicating the agency wil...
The President has signed the bipartisan GENIUS Act into law. Our client update breaks down the AML/CFT and sanctions compliance requirements of the GENIUS Act. A companion update provides...
In a significant step towards modernizing Bank Secrecy Act compliance, FinCEN and the federal banking agencies are providing flexibility in “know your customer” requirements for banks.
Davis Polk partner and White Collar Defense & Investigations practice chair Neil MacBride, AML/CFT head Dan Stipano, partners Paul Marquardt and David Portilla and associate Josh Slifka a...
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
Please join us as we unpack how the Trump administration’s policies will potentially impact financial institutions and how firms can manage an evolving compliance landscape. Topics incl...
U.S. companies and U.S. persons are now exempt from the beneficial ownership reporting requirements under the Corporate Transparency Act and Beneficial Ownership Information Reporting Rule.
