News & Analysis as of

New Legislation Regulatory Reform Financial Crimes

Orrick, Herrington & Sutcliffe LLP

Texas expands its banking commissioner’s powers into money services

On June 20, the governor of Texas signed into law HB 3805, expanding the Texas Department of Banking’s (TDB) enforcement powers over money services businesses. As stated in the state’s bill analysis, the TDB previously had...more

Blake, Cassels & Graydon LLP

Strong Borders Act: A Landmark Shift in Canada’s AML Penalties

On June 3, 2025, Canada’s new federal government introduced Bill C-2 (Bill), the Strong Borders Act, for first reading in the House of Commons. The Bill includes significant amendments to Canada’s anti-money laundering...more

Blake, Cassels & Graydon LLP

Aperçu de l’évolution de la réglementation dans le secteur canadien des paiements en 2025

Les modifications réglementaires apportées à l’écosystème canadien des paiements redéfinissent le risque opérationnel, les obligations en matière de conformité et les modalités commerciales dans l’ensemble du secteur....more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Crime and Policing Bill: New Measures To Facilitate Prosecution of Companies and High-Net-Worth Individuals

Key Points - If the Crime and Policing Bill (CPB) is enacted in current form, it will make it significantly easier for companies to be held liable for criminal offences committed by their senior managers. Coupled with the...more

Best Best & Krieger LLP

What You Need to Know About the U.S. Corporate Transparency Act

Practical Issues for Entity Management - The Corporate Transparency Act (CTA) is new legislation passed by Congress as part of the Anti-Money Laundering Act of 2020. This legislation sets forth uniform beneficial ownership...more

Proskauer Rose LLP

United Kingdom Legislates Against Opaque Overseas Ownership of Property

Proskauer Rose LLP on

With sanction regimes taking centre-stage in the global response to the Russian invasion of Ukraine, transparency of property ownership has accelerated to become a priority of the United Kingdom’s government. On 15 March...more

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