On October 22, 2024, the U.S. Court of Appeals for the Second Circuit determined that common-law foreign sovereign immunity does not protect Halkbank, a commercial bank, majority-owned by Turkey, from criminal prosecution for...more
A bipartisan group of Senators, with the support of the American Bankers Association, recently introduced bill S.2563, known as the ILLICIT Cash Act. The acronym “ILLICIT” stands for “Improving Laundering Laws and Increasing...more
9/30/2019
/ Anti-Money Laundering ,
Banking Sector ,
Beneficial Owner ,
Data Collection ,
Data-Sharing ,
Financial Institutions ,
Financial Transactions ,
FinCEN ,
Law Enforcement ,
Popular ,
Proposed Legislation ,
Reporting Requirements ,
Shell Corporations ,
Suspicious Activity Reports (SARs)