Wilmer Cutler Pickering Hale and Dorr LLP | USA | 31 May 2016
The Financial Crimes Enforcement Network (FinCEN) on May 11 released its long-awaited Final Rule (CDD Rule) that will require certain financial…
Wilmer Cutler Pickering Hale and Dorr LLP | USA | 11 Apr 2016
Banks and credit unions that issue reloadable, general purpose prepaid cards must apply Customer Identification Program (CIP) procedures to those…
Wilmer Cutler Pickering Hale and Dorr LLP | North Korea, USA | 8 Mar 2016
The United Nations Security Council (“UNSC”) approved a Resolution last week imposing new sanctions against North Korea in response…
Wilmer Cutler Pickering Hale and Dorr LLP | USA | 3 Mar 2016
The Financial Crimes Enforcement Network (“FinCEN”), the US Department of the Treasury bureau responsible for combating money laundering and…
Wilmer Cutler Pickering Hale and Dorr LLP | USA | 28 Jan 2016
Art has become more than a reflection of its creator's vision and owner's style; it has emerged as an investment and important asset class…
Wilmer Cutler Pickering Hale and Dorr LLP | USA | 21 Jan 2016
On January 13, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued Geographic Targeting Orders (GTOs) that…
Wilmer Cutler Pickering Hale and Dorr LLP | USA | 21 Jan 2016
A federal district court in Minnesota recently held that the Bank Secrecy Act (BSA) permits the Financial Crimes Enforcement Network (FinCEN) to…
Wilmer Cutler Pickering Hale and Dorr LLP | European Union, Iran, USA | 19 Jan 2016
On January 16, 2016, the United States, its negotiating partners and Iran announced the arrival of Implementation Day for the Joint Comprehensive…
Wilmer Cutler Pickering Hale and Dorr LLP | USA | 4 Dec 2015
Summary: The New York Department of Financial Services has issued a proposed regulation that sets forth minimum requirements for anti-money laundering…
Wilmer Cutler Pickering Hale and Dorr LLP | USA | 1 Oct 2015
For the first time in a decade, the Treasury Department has released its own anti–money laundering (AML) and terrorist financing Risk Assessments…