by admin | Apr 3, 2025 | FinCEN
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (“FinCEN”), as of March 21, 2025, has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to...
by admin | Dec 30, 2024 | Compliance, FinCEN
Dear Client, As of December 26, 2024, the United States Court of Appeals for the Fifth Circuit (the “Court”) has reinstated a nationwide preliminary injunction preventing the federal government from enforcing the beneficial ownership reporting requirements imposed by...
by admin | Sep 17, 2024 | FinCEN, Investment Advisers
I. Overview On August 28, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a new Final Rule (the “AML Rule”) imposing anti-money laundering (“AML”) obligations on certain investment advisers who are either registered with the Securities and Exchange...
by admin | Jan 17, 2024 | Compliance, FinCEN
The United States Corporate Transparency Act (the “CTA”) was passed by the United States Congress in early 2023 to improve financial transparency and increase the effectiveness of anti-money laundering efforts. However, the CTA will also impose several obligations on...
by admin | Oct 23, 2015 | Investment Advisers
By William Kelly On August 25, the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) proposed a new rule applicable to investment advisers. At its core, the proposal seeks to extend anti-money laundering (“AML”) obligations imposed under the Bank...
