A new proposal would require U.S. companies to comply with U.S. government cybersecurity standards before transferring bulk data to, or accepting investment from, companies based in targe...
The U.S. District Court, Northern District of Alabama held that the Corporate Transparency Act is unconstitutional and permanently enjoined enforcement of the Act against the plaintiffs ?...
FinCEN issued its long-awaited proposed rule that would impose AML/CFT obligations on certain investment advisers, such as requirements to implement and maintain an AML/CFT compliance pro...
FinCEN announced its long-awaited proposed rule targeting illicit finance in the real estate sector and, on the same day, Treasury released its 2024 national illicit finance risk assessme...
FinCEN released its long-awaited final rule governing access to the national database of beneficial ownership information. The final rule addresses some of the most significant concerns t...
The reporting requirements under FinCEN’s Beneficial Ownership Information Reporting Rule will go into effect on January 1, 2024. As the effective date approaches, FinCEN has issued a n...
FinCEN released a proposed rule that would identify international convertible virtual currency mixing as a class of transactions of “primary money laundering concern” – a designatio...
The FDIC proposed enforceable guidelines on corporate governance and risk management that would apply to all state non-member banks with assets greater than $10 billion. The proposal wou...
Davis Polk partner Dan Stipano authored “Expert Q&A on the effect of the Corporate Transparency Act BOI rule on loan transactions” in Thomson Reuters Practical Law. In the article, Da...
