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Beneficial Owner New Regulations Financial Institutions

Hogan Lovells

The EBA’s draft regulatory technical standard on customer due diligence - What should firms be worried about?

Hogan Lovells on

The European Banking Authority consultation on customer due diligence under the EU’s 6th money laundering package closes on 06 June, 2025, with the EBA due to submit its findings to the European Commission’s call for evidence...more

Hogan Lovells

What is the new EU AML regime?

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The Single Rulebook is intended to be a single source of AML/CTF regulation that will be applied uniformly in all member states across the EU. This will be achieved primarily through the new AML Regulation, which will be...more

Bond Schoeneck & King PLLC

FinCEN Releases New Interim Final Rule

On Friday, March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) adopted an interim final rule that severely narrows the scope of the requirements to report beneficial ownership information (BOI) under the...more

Conyers

Regulatory & Risk Advisory Outlook 2025: Cayman Islands

Conyers on

2024 was once again an active year for the Cayman Islands regulatory industry. In this edition of our Regulatory & Risk Advisory Outlook, our team has summarised the key changes and news during 2024 and taken a look at the...more

Fox Rothschild LLP

Corporate Transparency Act Will Mandate Disclosure of ‘Beneficial Owners’ of New and Existing Entities

Fox Rothschild LLP on

A new federal law poised to take effect soon will impose new disclosure duties on the individuals and businesses that form new entities and the professionals who assist them. The Corporate Transparency Act was passed by...more

King & Spalding

FinCEN Issues Anti-Money Laundering and Countering the Financing of Terrorism Priorities

King & Spalding on

FinCEN announces eight areas of focus and advises preparation for issuance of new regulations - On June 30, 2021, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued the first...more

Ward and Smith, P.A.

Dealing with the New Corporate Transparency Act

Ward and Smith, P.A. on

The Corporate Transparency Act (the "CTA") was adopted on January 1, 2021, to combat the laundering of illicit funds through anonymous "shell" companies. The CTA will require certain corporations and limited liability...more

Proskauer Rose LLP

The Corporate Transparency Act – Government KYC

Proskauer Rose LLP on

Summary of the Corporate Transparency Act under the National Defense Authorization Act for Fiscal Year 2021 - On January 1, 2021, the Corporate Transparency Act (the “CTA”), which is part of the National Defense...more

Allen Matkins

Corporate Transparency Act: New Requirements to Disclose Ownership Information to the Federal Government

Allen Matkins on

The Corporate Transparency Act (CTA) became a law on January 1, 2021, and it has significant implications for many new and existing United States and foreign business entities. The law will impose completely new,...more

Hogan Lovells

FICA Bill signed into law

Hogan Lovells on

The Financial Intelligence Centre Amendment Act is designed to make the South African financial system intolerant to abuse in the form money laundering and the financing of terrorism and bring South Africa in line with...more

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