Paul D. Marquardt

The U.S. Treasury Department’s latest national risk assessments highlight the most significant illicit finance risks in the United States financial system.

OFAC clarifies the scope of sanctions targeting Russia’s banking sector, as the EU excludes seven of Russia’s largest banks from SWIFT.

This updates the Biden administration’s expansive imposition of economic sanctions and export controls targeting Russia through Monday, February 28.

Sanctions include blocking orders against two state-owned Russian financial institutions, expanded restrictions on Russian sovereign debt, and prohibitions on transactions in separatist r...

Financial services regulatory reform continues to be active, with the Biden Administration focused on activity at the intersection of financial regulation and social policy. As we observe...

FinCEN’s proposed rule establishes the framework for a limited-duration pilot program that would allow financial institutions to share suspicious activity reports with their foreign bus...

FinCEN is seeking feedback on ways to modernize regulations and guidance on anti-money laundering and countering the financing of terrorism.

FinCEN’s proposed rule addresses requirements for reporting companies to submit their beneficial ownership and company applicant information to the agency, the first of three rules crea...

Updated in response to an increase in ransomware attacks against critical infrastructure, the revised advisory identifies new trends, typologies and indicators of ransomware payments and ...

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, ...