The override of former President Trump's veto of the National Defense Authorization Act of 2021 resulted in the enactment of broad amendments to the US anti-money laundering regime. Among the amendments are provisions to...more
A controversial proposed rule from the Financial Crimes Enforcement Network would bring bank-like regulation of virtual asset transactions, including the first broadly-applied AML reporting requirement in at least two...more
1/7/2021
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Cryptocurrency ,
Currency Transaction Reports (CTR) ,
Digital Assets ,
FinCEN ,
Money Services Business ,
NPRM ,
Patriot Act ,
Proposed Regulation ,
Proposed Rules ,
Recordkeeping Requirements ,
Virtual Currency
Financial firms play an integral role in preventing, identifying, investigating and reporting criminal activity, including terrorist financing, money laundering, and many other finance-related crimes. It is a critical role...more
2/2/2019
/ Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
Banking Sector ,
Confidentiality Policies ,
Distributed Ledger Technology (DLT) ,
EU ,
Financial Institutions ,
FinCEN ,
General Data Protection Regulation (GDPR) ,
Information Sharing ,
Innovative Technology ,
Money Laundering ,
Patriot Act ,
Privacy Laws ,
Suspicious Activity Reports (SARs) ,
Technology Sector ,
Terrorist Financing