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Regulatory Requirements Anti-Money Laundering

Walkers

EU CryptoReg Roundup: August 2025

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Welcome to our EU crypto update - a roundup of key Irish and EU legislative and regulatory developments shaping the crypto-asset sector. This update is brought to you by our Regulatory & Risk Advisory practice group in...more

Herbert Smith Freehills Kramer

AML/CTF Rules Are Finalised - Key Takeaways

After two rounds of consultation, the Anti-Money Laundering and Counter-Terrorism Financing Rules 2025 (New AML Rules) were made on 29 August 2025 alongside the Anti-Money Laundering and Counter-Terroism Financing (Class...more

Orrick, Herrington & Sutcliffe LLP

The Economic Crime and Corporate Transparency Act 2023: Identity Verification

Identity Verification (“IDV”) is a new process requiring individuals that run, own or control UK companies or limited liability partnerships (“LLPs”) to prove their identity to Companies House. IDV registration is voluntary...more

Carlton Fields

FinCEN Postpones Opening Night for RIA AML Programs

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On July 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced its intention to postpone, for two years, the effective date of a final rule subjecting investment advisers to the anti-money laundering (AML)...more

Carey Olsen

The GENIUS Act - a boost for fund tokenisation

Carey Olsen on

The recently passed GENIUS Act might provide a major boost for the tokenisation of funds. A regulated, blockchain-based payment mechanism brings the automation of payments by tokenised funds a step closer. Drawdowns and...more

Constangy, Brooks, Smith & Prophete, LLP

Wire Fraud: Should banks CYA by tightening up on KYC?

After a long weekend, Finance Manager Joe sits at his desk to read his emails. One of the emails is from a trusted vendor with whom the Joe communicates on a regular basis, regarding an unpaid invoice that is due immediately....more

Walkers

How will the OECD's Crypto-Asset Reporting Framework impact your business?

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Many crypto-asset service providers will soon be required to start collecting detailed information about customers and transactions and report to their national tax authorities annually. Such businesses must obtain a...more

Hogan Lovells

Papers Please: Identity verification requirements for corporate trustees of UK Pension schemes

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From 18 November 2025, UK company directors must comply with the identity verification requirements under the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”). ECCTA, which received Royal assent in October 2023,...more

Troutman Pepper Locke

Illinois Passes New Laws Designed to Safeguard Consumers Against Cryptocurrency Fraud

Troutman Pepper Locke on

Last week, Illinois Governor JB Pritzker signed two landmark pieces of legislation aimed at protecting consumers from cryptocurrency scams and fraud. The Digital Assets and Consumer Protection Act (SB1797) and the Digital...more

Blake, Cassels & Graydon LLP

Payments Canada Publishes RTR Participation Guide for Payment Service Providers

On August 21, 2025, Payments Canada published its RTR Participation Guide for Payment Service Providers (Guide), clarifying how payment service providers (PSPs) can become participants in Canada’s new real-time payments...more

Ballard Spahr LLP

FinCEN’s Focus on Cryptocurrency Kiosks and Financial Crime

Ballard Spahr LLP on

On August 4, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued Notice FIN-2025-NTC1 (the “Notice”) to address mounting concerns over regulatory risks related to convertible virtual currency (“CVC”) kiosks, also...more

Foley & Lardner LLP

Banking and Digital Assets: Key Takeaways from the President’s Working Group Report

Foley & Lardner LLP on

On July 30, 2025, the President’s Working Group on Digital Asset Markets (PWG) released “Strengthening American Leadership in Digital Financial Technology,” a comprehensive digital asset report (Report) mandated by President...more

Walkers

Navigating the compliance and regulatory challenges defining digital assets

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Regulatory compliance for digital assets can vary across jurisdictions, affecting licensing, product launch speed and the viability of certain business models. Product classification is critical; digital assets,...more

Thomas Fox - Compliance Evangelist

Regulatory Ramblings: Episode 76 - The Digital Future: The US GENIUS Act and Hong Kong Stablecoins Ordinance / The Hong Kong Web3...

The discussion begins with the Hong Kong Web3 Blueprint Report. Musheer and Sean tell Regulatory Ramblings host Ajay Shamdasani that the document should be viewed as a roadmap to accelerate blockchain development in the...more

Goodwin

Stablecoins: An Alternative Payment Method for Merchants?

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A new wave of payment innovation is upon us, and it is fueled, at least in part, by digital-first consumers’ and merchants’ concerns about the rising costs of traditional payment methods....more

Mayer Brown

FATF Revises AML Standards For Certain Funds Transfers

Mayer Brown on

On June 18, 2025, the Financial Action Task Force (“FATF”) revised the Travel Rule requirements for certain funds transfers (the “2025 Revisions”). The 2025 Revisions are intended to adapt anti-money laundering (“AML”)...more

Conyers

Regulatory & Risk Advisory Review: Cayman Islands – April to June 2025

Conyers on

Welcome to the latest edition of our Regulatory & Risk Advisory Review. In this issue, we explore key regulatory updates and emerging trends to help you stay informed and ahead in today’s dynamic compliance environment. The...more

Foodman CPAs & Advisors

Cumplimiento CARF y VASP: Cerrando Brechas de Supervisión Cripto en LATAM

La regulación global de las criptomonedas ha pasado de la teoría a la aplicación real. El Marco de Reporte de Criptoactivos (CARF) de la OCDE y los estándares reforzados para Proveedores de Servicios de Activos Virtuales...more

Conyers

BVI Corporate Review – Q2 2025

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As outlined in our Q1 2025 review, important amendments to BVI company law came into effect as of 2 January 2025, including a requirement to file beneficial ownership information through the VIRRGIN system maintained by the...more

Orrick, Herrington & Sutcliffe LLP

NYDFS announces $48.5M settlement over anti-money laundering deficiencies

NYDFS Superintendent Harris announced a $48.5 million settlement with a virtual currency trust company on August 7, resolving allegations of anti-money laundering program deficiencies and failures in due diligence related to...more

J.S. Held

Understanding India’s Evolving Legal and Regulatory Framework for Combating Financial Fraud

J.S. Held on

Introduction - Financial fraud represents a persistent threat to economic stability, undermining trust among businesses, investors, and the general public. As India’s financial ecosystem expands and transactions become...more

A&O Shearman

PEP talk revisited: revised UK guidance on treatment of PEPs

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The UK Financial Conduct Authority (FCA) has issued finalised guidance on the treatment of politically exposed persons (PEPs) for anti-money laundering purposes. There is no significant shift in the FCA’s expectations of...more

Loeb & Loeb LLP

Navigating the GENIUS Act’s Framework for Digital Asset Regulation

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The GENIUS Act: Key Developments for Digital Assets The Guiding and Establishing National Innovation for U.S. Stablecoins Act (the GENIUS Act) is the first comprehensive federal statute to regulate payment stablecoins in the...more

Ankura

Facing the Auditing Challenge: Artificial Intelligence, Machine Learning, and Robotics in Financial Crime Compliance

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As artificial intelligence (AI) becomes central to financial crime compliance -- powering fraud detection, transaction monitoring, and sanctions screening -- internal audit faces a new challenge: How do you provide assurance...more

Morrison & Foerster LLP

NYDFS Settles with Stablecoin Issuer for Alleged Compliance Failures

Last week, New York State Department of Financial Services (NYDFS) left no doubt that it will continue to actively regulate cryptocurrency despite the pullback in law enforcement efforts by the federal government, including...more

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