The Financial Action Task Force released an updated version of its guidance on the application of its recommendations to virtual assets and virtual asset service providers on October 28, ...
A new OFAC guidance document sets out U.S. sanctions compliance requirements for the virtual currency industry and highlights OFAC’s view of compliance best practices for that industry....
Financial services regulatory reform continues to be active in 2021, with the Biden Administration focused on activity at the intersection of financial regulation and social policy. As we...
Financial services regulatory reform will continue to be active in 2021, with the Biden Administration focused on activity at the intersection of financial regulation and social policy. ...
FinCEN recently issued the much-anticipated national AML/CFT priorities and announced its intention to implement a no-action letter process to complement to its current regulatory guidanc...
Executive Order 14034 sets out an updated policy framework to address the risk that connected software applications can be exploited by foreign adversaries. The Order directs the Secretar...
On June 3, 2021, President Biden issued Executive Order 14032, which effectively rescinds and replaces the sanctions put into place late in the Trump administration pursuant to E.O. 13959...
Citing the “harmful foreign activities of the Government of the Russian Federation,” on April 15, 2021 President Biden issued Executive Order 14024, which broadly authorizes sanctions...
The U.S. federal banking agencies have issued an interagency statement addressing industry questions on model risk management and AML compliance. Specifically, the statement clarifies th...
The Financial Crimes Enforcement Network of the U.S. Department of the Treasury has begun a rulemaking to implement the beneficial ownership reporting provisions of the new Corporate Tran...
