News & Analysis as of July 30, 2025

Due Diligence

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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 -

FATF Updates Grey List of Monitored Jurisdictions

Alston & Bird on 7/3/2025

The Financial Action Task Force (FATF) has updated its listings of jurisdictions under increased monitoring (the “grey list”) and high-risk jurisdictions subject to a call for action (the “black list”). Our Investment Funds...more

Recent SEC AML Enforcement Against Securities Firms Engaged in Cannabis Sector

Gordon Rees Scully Mansukhani on 5/22/2025

The evolving regulatory landscape for marijuana-related businesses poses unique compliance challenges for firms in the securities industry. The Financial Crimes Enforcement Network (“FinCEN”) continues to enforce its 2014...more

How Compliance Teams Can Think About Risk in Modern Times

NAVEX on 11/27/2024

A few weeks back the U.S. Financial Crimes Enforcement Network (FinCEN) published a bulletin urging financial firms to do better at identifying deepfakes that fraudsters might use to evade customer due diligence programs. The...more

Issues to Consider When Retaining Third-Party Vendors for CTA Filing Services

Baker Donelson on 10/4/2024

The Corporate Transparency Act (CTA) requires many companies formed or registered to do business in the U.S., to file extensive beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) no later...more

How to Prepare for the Corporate Transparency Act of 2020

Seyfarth Shaw LLP on 11/16/2023

Seyfarth Synopsis: As you may know, the Corporate Transparency Act (“CTA”) is set to take effect on January 1, 2024 (“Effective Date”), impacting many privately held corporations, limited partnerships, statutory trusts,...more

Corporate Transparency Act Update – FinCEN Issues Notice of Proposed Rulemaking

Keating Muething & Klekamp PLL on 1/9/2023

On December 15, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking (the “NPRM”) that would implement provisions of the Corporate Transparency Act (the “CTA”) regarding access to...more

Financial Services Weekly Roundup: Madden Fix/Valid When Made Rule Faces New Challengers

Goodwin on 8/28/2020

In the News. On the heels of a lawsuit challenging the Office of the Comptroller of the Currency’s (OCC) recently issued Madden fix/valid when made rule, eight state attorneys general filed suit challenging a similar rule...more

FinCEN Issues Exceptive Relief from Beneficial Ownership Rule to Certain Account Renewals

Ballard Spahr LLP on 9/17/2018

FinCEN Cites Low Risk of Money Laundering and High Regulatory Burden of Rule - On September 7, 2018, the Financial Crimes Enforcement Network (“FinCEN”) issued permanent exceptive relief (“Relief”) to the Beneficial...more

Will Congress Clarify Regulation of Marijuana-Related Business?

Moore & Van Allen PLLC on 8/16/2018

President Trump piqued the interest of participants in and observers of the marijuana industry when he stated in early June that he would “probably” support recently proposed bipartisan legislation aimed at removing the...more

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