News & Analysis as of June 9, 2025

FinCEN › CSBS

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The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of money laundering, terrorist financing and other financial crimes by collecting, monitoring, and analyzing financial transaction data. Such data is disseminated to both domestic and international law enforcement agencies. less -

State-Level Developments: The Regulatory Landscape for Digital Assets

Paul Hastings LLP on 1/13/2025

As we begin the 119th Congress, the nation is also preparing for the new administration to take office in just a few weeks. While federal action on digital assets remains a key focus, this week’s Crypto Policy Tracker shifts...more

Daily Financial Regulation Update -- Wednesday August 28

Paul Hastings LLP on 8/28/2024

August 27, 2024 - The Federal Reserve Board released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window....more

Banking and Consumer Regulatory Digest - February 2024

Davis Wright Tremaine LLP on 2/19/2024

The following newsletter provides a roundup summarizing enforcement actions, guidance, rulemakings, and other public statements taken by a federal and/or state financial services regulatory agency, specifically focusing on:...more

CSBS says state regulators need access to FinCEN’s beneficial ownership database

Orrick, Herrington & Sutcliffe LLP on 2/17/2023

On February 14, the Conference of State Bank Supervisors commented that FinCEN should be more explicit in its inclusion of state regulators as agencies that can request access to FinCEN’s forthcoming secure, non-public...more

Federal Reserve Proposes Rules To Modernize Regulations That Implement CRA

Goodwin on 9/24/2020

In the News. The Board of Governors of the Federal Reserve System (Federal Reserve) proposed rules to modernize the regulations that implement the Community Reinvestment Act (CRA); the Conference of State Bank Supervisors...more

Blockchain Week in Review - September 2020 #2

Perkins Coie on 9/24/2020

U.S. Developments - Federal and State Regulatory Developments - U.S. Department of Homeland Security Issues Challenge for Development of Trusted User Interface for Digital Wallets - The U.S. Department of Homeland Security...more

The OCC’s 2019 annual report addresses anti-money laundering risks for financial institutions

Eversheds Sutherland (US) LLP on 1/20/2020

The Office of Comptroller of the Currency (the OCC) has published its 2019 annual report (the Annual Report), which summarized the OCC’s strategic priorities for 2019. The Annual Report also highlighted the OCC’s key...more

Federal agencies clarify SAR filing requirements for financial services provided to hemp-related businesses

Eversheds Sutherland (US) LLP on 12/12/2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks providing financial services to...more

Banking Services for Hemp Growers – FinCEN Makes a Statement

Dorsey & Whitney LLP on 12/9/2019

On December 3, 2019, FinCEN, along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, in consultation with the Conference of...more

Blockchain Week in Review – April 2017 #3

Perkins Coie on 5/6/2017

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

The CSBS Finalizes Model Framework for Virtual Currencies

Morrison & Foerster LLP on 9/30/2015

On September 15, 2015, the Conference of State Bank Supervisors (“CSBS”) issued its final Model Regulatory Framework on virtual currency activities (“Final Framework”). The Final Framework follows the CSBS’s December 2014...more

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FinCEN › CSBS

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