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, ...
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....
Webinar
1.0 CA - General; NY - Professional Practice / Practice Management
Davis Polk’s webinar discusses some of this year’s key enforcement trends and developments in U.S. sanctions, anti-money laundering and other corporate actions. Topics include:
Key...
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...
