Despite the Trump administration’s generally favorable stance toward cryptocurrency and blockchain innovation, virtual asset services providers (VASPs) must remain vigilant in complying with anti-money laundering (AML)...more
4/7/2025
/ Anti-Money Laundering ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Crimes ,
FinCEN ,
Popular ,
Risk Assessment ,
Risk Management ,
Trump Administration ,
Virtual Currency
On his first day in office, President Donald Trump signed an executive order that initiates the process of designating certain drug cartels as foreign terrorist organizations. The executive order is primarily focused on...more
2/3/2025
/ Anti-Money Laundering ,
Cartels ,
Department of Justice (DOJ) ,
Drug Trafficking ,
Financial Crimes ,
Financial Institutions ,
Foreign Trade Regulations ,
Know Your Customers ,
Mexico ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Risk Assessment ,
Risk Management ,
Terrorist Financing Regulations ,
Terrorist Organizations ,
Trump Administration ,
U.S. Treasury
On February 13, 2024, the United States Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a proposed rule that would apply comprehensive anti-money laundering and countering the financing of terrorism...more
On January 12, 2024, FinCEN updated its interpretations of the Corporate Transparency Act (“CTA”) that potentially will have a significant impact on private equity firms. This alert provides an overview of the CTA and certain...more