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Regulatory Requirements › Appeals › Financial Crimes

Sheppard Mullin Richter & Hampton LLP

Fourth Circuit Rejects Rehearing in ACH Fraud Suit Alleging Violations of KYC Rules and NACHA Operating Standards

Sheppard Mullin Richter & Hampton LLP on

On April 22, the Fourth Circuit declined to reconsider a panel ruling that found a credit union could not be held liable for a scam in which fraudsters diverted over $560,000 from a metal fabricator through unauthorized ACH...more

Cozen O'Connor

Latest CTA Injunction Stayed

Cozen O'Connor on

On February 18, 2025, the U.S. District Court for the Eastern District of Texas stayed the nationwide injunction it previously issued in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (Smith case)....more

Tucker Arensberg, P.C.

Update: Despite U.S. Supreme Court Decision, Enforcement of the Corporate Transparency Act (“CTA”) is Still On Hold

Tucker Arensberg, P.C. on

On January 23, 2025, the U.S. Supreme Court lifted an injunction that had blocked enforcement of the CTA and its regulations, as originally issued by the U.S. District Court for the Eastern District of Texas on December 3,...more

Pullman & Comley, LLC

FinCEN Appeals Nationwide Injunction Against Corporate Transparency Act: Ruling Expected by December 27, 2024

Pullman & Comley, LLC on

In our recent update on the nationwide preliminary injunction issued against the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements, we noted that we would continue to...more

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