The Federal Reserve Board released two supervisory letters: one introducing a program to supervise novel activities and one providing details on the process for state member banks to enga...
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
We discuss some of this year’s key enforcement trends and policy and regulatory developments in U.S. sanctions and anti-money laundering. Topics include:Russia sanctions and other recen...
Davis Polk partner Dan Stipano recently authored “The current state of the AML Act, and where we’re headed” in Law360. In the article, Dan discusses the Anti-Money Laundering Act of...
As the RECOUP Act advances through Congress, there should be a deeper look at the removal and corporate governance provisions, which have been largely ignored by the business press. These...
The Federal Reserve, FDIC and OCC released final joint guidance on banking organizations’ management of risks associated with third-party relationships. The guidance applies to all thir...
In a new round of sanctions, the United States targeted third-country entities doing business with Russia, prohibited the export of architecture and engineering services to Russia, and de...
Davis Polk partner Dan Stipano and associates Kendall Howell and Charles Marshall Wilson authored “Anti-money laundering/Countering the financing of terrorism” in the May/June 2023 is...
Treasury’s de-risking strategy breaks no new ground and downplays the government’s role in driving financial institutions to de-risk higher-risk customers based on AML/CFT concerns.
FinCEN issued guidance to help the small business community understand the beneficial ownership information reporting rule requirements that take effect on January 1, 2024. Small business...
One year after Russia’s invasion of Ukraine, the United States and its allies imposed a new round of sanctions targeting Russia’s metal, mining, and banking sectors and signaled an in...
