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...
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...
The proposed rule is the second step in creating a national registry of beneficial ownership information and would govern access to and the protection of information in the registry.
Davis Polk partner Dan Stipano and associates Kendall Howell and Charles Marshall Wilson authored “Update on U.S. digital asset legislation and regulation addressing illicit finance” ...
CFIUS’s recently released guidelines describe the factors considered by the Committee in imposing civil monetary penalties and other remedies and signal a stricter enforcement posture b...
FinCEN’s final rule, which goes into effect January 1, 2024, establishes the requirements for reporting companies to submit their beneficial ownership and company applicant information ...
