The release of the Pandora Papers, a leak of approximately 12 million documents, exposed how foreign leaders and private actors use tax havens to conceal their wealth, with the United States a destination of choice. For...more
10/18/2021
/ Anti-Money Laundering ,
Beneficial Owner ,
Due Diligence ,
Financial Fraud ,
Money Laundering ,
Offshore Funds ,
Pandora Papers ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Standards ,
Shell Corporations ,
Tax Evasion ,
Tax Haven ,
Trusts ,
White Collar Crimes
In May 2016, the U.S. Treasury Department’s Financial Crimes Enforcement Network issued final rules regarding beneficial owner identification obligations for legal entity customers (the “Rule”).
Under the Rule, covered...more
In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
6/1/2016
/ Basel III ,
Beneficial Owner ,
Capital Requirements ,
Cross-Border Transactions ,
Customer Due Diligence (CDD) ,
EU ,
Leverage Ratio ,
Leveraged Lending ,
Margin Requirements ,
Recordkeeping Requirements ,
Regulation Technical Standards (RTS) ,
UCITS ,
UK
This summer the Financial Crimes Enforcement Network ("FinCEN”) issued a notice of proposed rulemaking proposing a rule that, if adopted, would mandate that financial institutions require their legal entity customers to...more