News & Analysis as of

New Legislation AML/CFT

Hogan Lovells

Crypto week in the U.S. House of Representatives: The GENIUS Act and the push for regulatory clarity

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Following the week of July 14, 2025 – labelled as “Crypto Week” by the U.S. House of Representatives – the United States has witnessed significant developments in its digital asset regulatory framework, including the signing...more

DLA Piper

Blockchain and Digital Assets News and Trends – July 2025

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This periodic bulletin is designed to help companies identify important legal developments governing the use and acceptance of blockchain technology, smart contracts, and digital assets....more

Stinson LLP

Payment Stablecoin Regulatory Framework Established as GENIUS Act Signed Into Law

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The Guiding and Establishing National Innovation for U.S. Stablecoins Act (the GENIUS Act) was recently signed into law by President Trump, establishing a regulatory framework for payment stablecoins and their issuers. The...more

Vedder Price

The GENIUS Act: Stablecoin Regulation Enters the Federal Framework

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On July 18, 2025, President Trump signed the Guaranteed Essential National Infrastructure for U.S. Act (the “GENIUS Act”) into law, marking the first comprehensive U.S. federal regulatory framework for payment stablecoins. ...more

DLA Piper

Stablecoins and the Genius Act: What You Need to Know

DLA Piper on

On July 17, 2025, the US Congress passed the Guiding and Establishing National Innovation for US Stablecoins Act (Genius Act or Act) by 308–122 vote, a landmark piece of legislation establishing the first federal regulatory...more

Mayer Brown

Hong Kong’s Stablecoin Bill: Key Amendments and Next Steps Following Legislative Passage

Mayer Brown on

On 21 May 2025, the Hong Kong Legislative Council passed the much-anticipated Stablecoins Bill (“Bill”), now citable as the Stablecoins Ordinance (“Ordinance”), marking a significant milestone in the city’s ambition to become...more

Skadden, Arps, Slate, Meagher & Flom LLP

US Establishes First Federal Regulatory Framework for Stablecoins: The GENIUS Act Passes Congress and Awaits President Trump’s...

- What is new: The U.S. Congress has passed the GENIUS Act, establishing the first federal regulatory framework for payment stablecoins, addressing consumer protection, financial stability and AML compliance. - Why it...more

Latham & Watkins LLP

Hong Kong’s Stablecoin Regime Comes Into View

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Taking effect in August 2025, the new legislation will bring issuers of fiat-referenced stablecoins into the regulatory perimeter. By Simon Hawkins, Adrian Fong, and Sam Maxson On 21 May 2025, the Legislative Council of Hong...more

Morgan Lewis

Singapore Corporate Service Providers Act Now in Effect as of 9 June

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The Accounting and Corporate Regulatory Authority of Singapore announced on 9 May 2025 that the Corporate Service Providers Act 2024 (CSP Act) and the Corporate Service Provider Regulations 2025 (CSP Regulations), providing...more

A&O Shearman

UAE's enhanced AML and CTF Regime: a journey from grey list to compliance

A&O Shearman on

The UAE has continued to implement significant legislative and structural reforms during 2024 in areas including financial crime compliance, whistleblowing, and virtual assets regulation. These improvements demonstrate the...more

Walkers

Virtual asset services in the British Virgin Islands

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The BVI Virtual Asset Service Providers Act (VASP Act) came into force on 1 February, providing clarity and certainty on the regulatory landscape for virtual asset services (VASPs) operating in or from within the BVI. ...more

Foodman CPAs & Advisors

How will the AML Act of 2020 (the “Act”) Required Examiner Training Impact your Financial Institution?

Section 6307 of the Act requires annual Anti-Money Laundering and Countering the Financing of Terrorism training for Examiners.  The training is to be done in consultation with FinCEN and all levels of law enforcement,...more

Foodman CPAs & Advisors

La Ley Contra el Lavado de Dinero del 2020 Puede Cambiar las Reglas del Juego para los Profesionales del Cumplimiento

El 2 de diciembre del 2020, la Cámara de Representantes de los EE. UU. aprobó la “Ley de Autorización de Defensa Nacional William M. (Mac) Thornberry para el año fiscal 2021“. La Ley incluye la DIVISIÓN F (ANTI-LAVADO DE...more

Foodman CPAs & Advisors

“Attachés” de la Tesorería, Enlaces de Unidades de Inteligencia Financiera Extranjera e Instituciones Financieras Extranjeras

La Ley ALD del 2020 (“AML Act of 2020”) incluye la creación de los “Attachés del Tesoro” (SEC. 6106, designados por el Departamento del Tesoro de los Estados Unidos) y los “Enlaces de la Unidad de Inteligencia Financiera...more

Foodman CPAs & Advisors

Treasury Attachés, Foreign Financial Intelligence Unit Liaisons and Foreign Financial Institutions

The AML Act of 2020 includes the creation of  “Treasury Attachés” (SEC. 6106, appointed by the US Treasury Department) and the “Foreign Financial Intelligence Unit Liaisons” (SEC. 6108, appointed by FinCEN) to be stationed...more

Foodman CPAs & Advisors

Bancos Extranjeros y el Nuevo Alcance de Brazo Largo del Tesoro de los EE. UU y el “DOJ”

Antes de la aprobación de la LEY AML del 2020 (“AML ACT of 2020”), el Departamento del Tesoro de los EE. UU. y el Departamento de Justicia de los EE. UU. (“DOJ”) tenían la autoridad para citar (“subpoena”) a los bancos...more

Foodman CPAs & Advisors

Foreign Bank and the New Longer Arm of the US Treasury and DOJ

Before passage of the AML ACT of 2020 (the “ACT”), The US Department of the Treasury, and the US Justice Department (DOJ) had US legal authority to subpoena foreign banks with US correspondent accounts for related US records...more

Jones Day

Congress Passes Major U.S. Anti-Money Laundering Reforms

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The Situation: The U.S. Congress recently passed landmark anti-money laundering ("AML") legislation for the first time since enactment of the USA PATRIOT Act in 2001. The Anti-Money Laundering Act of 2020 ("AMLA") passed both...more

Jones Day

AMF Establishes New Legal Framework for Digital Asset Service Providers in France

Jones Day on

The Situation: Following the enactment earlier in 2019 of new French legislation to regulate activities related to digital assets (including cryptocurrency but excluding tokenized securities), final regulatory provisions were...more

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