Lexology PRO | Asia-Pacific, Australia, China, etc. | 21 Sep 2023
Detecting hidden risks, streamlining internal investigations, and drafting policies and procedures are some of the key opportunities and risks that AI is presenting to white-collar crime compliance.
Proskauer Rose LLP | USA | 21 Sep 2023
In 2021, the U.S. enacted the Corporate Transparency Act (the “CTA”) as part of a multi‑national effort to rein in the use of entities to mask…
Fried Frank Harris Shriver & Jacobson LLP | USA | 18 Sep 2023
FinCEN provided guidance for small businesses on filing Beneficial Ownership Information ("BOI") reports. The guidance follows the adoption of…
Levenfeld Pearlstein LLC | USA | 11 Sep 2023
In 2021, Congress enacted the Corporate Transparency Act (“CTA”) in an effort to protect the U.S. financial system from illicit use. Generally…
Taylor Wessing | United Kingdom | 5 Sep 2023
Changes to the beneficial ownership register of UK companies (the Register of Persons with Significant Control - PSC register) will impose new…
Lexology PRO | European Union, Switzerland | 1 Sep 2023
The new law will introduce due diligence requirements for lawyers and require financial institutions in Switzerland to implement a sanctions compliance programme.
Weil Gotshal & Manges LLP | USA | 21 Aug 2023
The Financial Crimes Enforcement Network’s (“FinCEN”) final rule implementing the beneficial ownership information (“BOI”) reporting requirements…
Lexology PRO | Asia-Pacific, European Union, Hong Kong, etc. | 18 Aug 2023
Singapore police seize S$1 billion in island-wide AML raids, a former US FBI Agent admits conspiring to breach US sanctions, and EBA issues good practices for cross-border AML/CTF supervision – plus other key updates.
Lexology PRO | Asia-Pacific, Austria, Canada, etc. | 3 Aug 2023
Deutsche Bank is fined US$186 million for AML and sanctions violations, the UK HMT refuses to regulate cryptoassets like gambling, and US agencies issue guidance on voluntary self-disclosures – plus other key updates.