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FinCEN Moves to Implement the Corporate Transparency Act

USA - April 15 2021 On April 5, the US Financial Crimes Enforcement Network (“FinCEN”) published an Advance Notice of Proposed Rulemaking (“ANPR”) to implement the…

Thomas J. Delaney, Gina M. Parlovecchio, Brad A. Resnikoff

US Imposes Sanctions on Hong Kong Leader Carrie Lam and Other Government Officials

Hong Kong, USA - August 8 2020 On August 7, 2020, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the imposition of sanctions on Carrie Lam…

Duncan A. W. Abate, Thomas J. Delaney, Andrew Olmem, Jennifer L. Parry, Brad A. Resnikoff, Margaret-Rose Sales, Tamer A. Soliman

Incremental Improvement: US Banking Regulators Adopt Amendments to BSA/AML Compliance Handbook

USA - May 15 2020 On April 15, 2020, the Federal Financial Institutions Examination Council (FFIEC) released several updates to the Bank Secrecy Act/Anti-Money…

Matthew Bisanz, Thomas J. Delaney, Alex C. Lakatos, Brad A. Resnikoff

Avoid Being Blindsided by a Correspondent Banking Enforcement Action

USA - April 2 2020 As detailed in our Legal Update “Financial Crime Compliance and Risk Management for Financial Institutions and Other Market Participants Amid the…

Bradley A. Cohen, Alex C. Lakatos, Brad A. Resnikoff

OFAC Settlement with Swiss ICT Service Provider Reinforces Message to Foreign Companies: Beware Any US Nexus

USA - February 28 2020 Geneva-based Société Internationale de Télécommunications Aéronautiques SCRL (“SITA”) has agreed to pay the US Office of Foreign Assets Control…

Jason Hungerford, Yoshihide Ito, Ori Lev, Brad A. Resnikoff, Tamer A. Soliman