Yesterday, the White House released a major Report on how digital assets will be regulated in the United States along with a substantial series of recommendations for their near-term future development "to support the...more
As we have previously noted, we expect that the second Trump Administration will be significantly more favorable to crypto than the Biden Administration, especially with the recent appointment of David Sacks as the...more
12/9/2024
/ Accounting Standards ,
Administrative Procedure Act ,
Anti-Money Laundering ,
Banking Sector ,
Confidential Supervisory Information ,
Cryptocurrency ,
Digital Assets ,
FDIC ,
Federal Reserve ,
Innovation ,
OCC ,
Operation Choke Point ,
Policies and Procedures ,
Reputational Injury ,
Risk Assessment ,
Transparency ,
Trump Administration
Generative artificial intelligence (AI) holds tremendous promise for financial institutions and their customers. But that promise comes with potential peril, as highlighted in a recent alert issued by the U.S. Treasury...more
11/19/2024
/ Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
Deep Fake ,
Financial Institutions ,
FinCEN ,
Fraud ,
Machine Learning ,
Reporting Requirements ,
Risk Mitigation ,
Suspicious Activity Reports (SARs)
While the coming weeks and months will provide more clarity, we already can anticipate some indications of what is in store for bank regulation, supervision, and enforcement in a second Trump Administration. To help navigate...more
11/15/2024
/ Anti-Money Laundering ,
Banks ,
Brokered Deposits ,
Chevron Deference ,
Community Reinvestment Act ,
Corporate Governance ,
Deregulation ,
Enforcement ,
Executive Orders ,
FDIC ,
Federal Reserve ,
Financial Crimes ,
Financial Services Industry ,
Interagency Guidance ,
OCC ,
Proposed Rules ,
Regulatory Agenda