Financial Crimes, Guidance Update

FCA finalised guidance on the treatment of PEPs

A&O Shearman on 7/18/2025

The UK Financial Conduct Authority (FCA) has published finalised guidance on the treatment of Politically Exposed Persons (PEPs) under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)...more

Updated FinCEN CTA Guidance Impacts Private Equity Funds

Paul Hastings LLP on 1/26/2024

On January 12, 2024, FinCEN updated its interpretations of the Corporate Transparency Act (“CTA”) that potentially will have a significant impact on private equity firms. This alert provides an overview of the CTA and certain...more

Preguntas Frecuentes BOI De FinCEN Actualizadas En Enero De 2024

Foodman CPAs & Advisors on 1/24/2024

El 1/4/24, FinCEN publicó preguntas frecuentes BOI adicionales para incluir nueva información sobre las empresas que reportan, los beneficiarios finales, los solicitantes de empresas, los requisitos de presentación de...more

BOI FAQs From FinCEN Updated January 2024

Foodman CPAs & Advisors on 1/24/2024

On 1/4/24, FinCEN published additional BOI FAQ’s to include new information about reporting companies, beneficial owners, company applicants, reporting requirements, and reporting company exemptions, as well as updated...more

The Wolfsberg Group's Updated Anti-Corruption Guidance – The New Global Threshold?

White & Case LLP on 4/25/2023

On April 17, 2023, the Wolfsberg Group (the "Group") issued updated guidelines for financial institutions ("FI") relating to Anti-Bribery and Corruption ("ABC") Compliance Programs. Although the guidance is not binding, it...more

FinCEN’s Evolving Approach to Lurking Threats in Money Laundering and Terrorist Financing: Director Blanco’s Remarks at NYU Law

Ballard Spahr LLP on 6/21/2019

On June 12, 2019, Kenneth A. Blanco, Director of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), provided remarks at the NYU Law Program on Corporate Compliance and Enforcement that underscored the agency’s...more