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If Sports Betting Goes National, AML Risks Will Proliferate

USA - September 13 2017 In a few months, the US Supreme Court will decide whether federal law can continue to prohibit sports betting in most states.If the federal…

Katya Jestin, Reid J. Schar, Wade A. Thomson.

Recent SEC Settlement Underscores Focus on Financial Institutions Facing Cyber Intrusions

USA - May 20 2021 The SEC last week announced a settlement with a Colorado-based registered broker-dealer for allegedly failing to file Suspicious Activity Reports…

Charles D. Riely, E.K. McWilliams, Rachel Foster.

Congress passes anti-money laundering legislation banning anonymous shell companies

USA - January 4 2021 Last week, a law designed to thwart the use of US shell companies by drug traffickers, terrorists, foreign adversaries, and others seeking to shield…

Andrew Weissmann, David Bitkower, E.K. McWilliams, Tali R. Leinwand, Wade A. Thomson.

FinCEN Implements Order Targeting Secret All-Cash Real Estate Buyers in Two Markets; Expansion Set for Six Additional Markets on August 28

USA - July 28 2016 Earlier this year, the Financial Crimes Enforcement Network (FinCEN), a unit of the US Treasury Department, announced new rules targeting secret…

Reid J. Schar, Wade A. Thomson.

FinCEN’s New Rule Setting Forth Minimum Standards for Financial Institutions to Identify Beneficial Owners Now In Effect

USA - May 21 2018 Earlier this week, the Financial Crimes Enforcement Network (FinCEN), an agency of the US Treasury, put into effect a new customer due diligence rule…

E.K. McWilliams, Reid J. Schar, Wade A. Thomson.