Earlier this year, U.S. President Joe Biden requested an increase in spending for the Financial Crimes Enforcement Network (“FinCEN”) to $210 million. Last week, the U.S. House of Representatives (the “House”) passed a bill...more
FATF Issues White Paper Addressing Challenges Facing Beneficial Ownership Collection -
First Post in a Series on the FATF Plenary Outcomes -
The Financial Action Task Force (“FATF”) held its fourth Plenary, virtually,...more
Seventh Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime -
On April 5, 2021, the Financial Crimes Enforcement Network (“FinCEN”) issued an advance notice of proposed rulemaking (“ANPRM”) to...more