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.
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 ...
The U.S. Treasury and Justice Department released regulatory and legislative recommendations and priorities to address illicit finance risks connected to the digital assets ecosystem, fol...
On September 15, 2022, Deputy Attorney General Lisa Monaco provided additional guidance around DOJ’s corporate criminal enforcement. In a speech and accompanying memorandum, the DAG rei...
Last week, the SEC announced charges against Tenaris for violating the FCPA. The resolution, which included a payment of $78 million, is yet another follow-on case involving the Brazilian...
On May 18, the U.S. Court of Appeals for the Fifth Circuit ruled that the SEC’s administrative proceedings are unconstitutional on three independent grounds. The decision could potenti...
At a recent New York City Bar Association event, Deputy Attorney General Lisa Monaco emphasized the Department of Justice’s focus on sanctions evasion and export control violations as k...
Davis Polk partners Dan Kahn and Tatiana Martins and counsel Jordan Leigh Smith have authored the “Best practices for conducting compliance risk assessments” chapter in the third edit...
In a pair of speeches last week, the Assistant Attorney General of DOJ’s Criminal Division emphasized its focus on compliance and announced that he has instructed his prosecutors to con...
The U.S. Treasury Department’s latest national risk assessments highlight the most significant illicit finance risks in the United States financial system.
