News & Analysis as of

Anti-Money Laundering

White & Case LLP

“Unsubstantiated” suspicious transaction reports

White & Case LLP on

While financial institutions, on the one hand, are in the process of implementing and preparing to apply the fundamental amendments and changes that will take place in upcoming years by the EU AML Package—entering into force...more

Troutman Pepper Locke

DOJ’s Criminal Division Announces Updates to White-Collar Enforcement and Corporate Policies

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On May 12, 2025, the Head of the Criminal Division (the Criminal Division or Division) at the Department of Justice (DOJ), Matthew R. Galeotti, issued key memoranda to Criminal Division personnel on the Division’s new...more

Vedder Price

“Focus, Fairness, and Efficiency in the Fight Against White-Collar Crime”: DOJ Announces Criminal Investigation and Enforcement...

Vedder Price on

On May 12, 2025, Matthew Galeotti, Head of the Criminal Division of the Department of Justice (“DOJ”), published a memorandum outlining the DOJ’s current investigation and enforcement priorities for prosecuting corporate and...more

Ankura

Challenges in Data Sharing between Banking Partners

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Life in the United States and most modern industrialized countries is driven primarily by data. Google alone processes 20 Petabytes of data every day (1 petabyte = 1 million gigabytes. Economies are built on data; marketing...more

Carey Olsen

Why the Cayman Islands continues to be a popular jurisdiction for offshore funds

Carey Olsen on

Over the past 25 years, the Cayman Islands have established themselves as a leading jurisdiction for alternative investment funds, with nearly 13,000 regulated open-ended funds and over 17,000 regulated closed-ended funds. As...more

Oberheiden P.C.

10 Important Facts About FinCEN’s Whistleblower Program

Oberheiden P.C. on

The Financial Crimes Enforcement Network (FinCEN) is one of a handful of federal authorities that have adopted whistleblower programs focused on facilitating enforcement in hard-to-target areas. While FinCEN focuses its...more

K&L Gates LLP

FinCEN's New Reporting Requirements for Nonfinanced Residential Real Estate Transactions

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Effective 1 December 2025, the Financial Crimes Enforcement Network (FinCEN) will implement comprehensive nationwide regulations aimed at increasing transparency and combating money laundering in the United States residential...more

Ballard Spahr LLP

Cracking Down on CJNG: FinCEN’s Alert and OFAC’s Strategic Sanctions on Oil Smuggling

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In a significant move to curb illegal activities at the U.S. Southwest border, the Financial Crimes Enforcement Network (FinCEN) issued an alert, on May 1, 2025, concerning oil smuggling from Mexico into the United States,...more

A&O Shearman

EBA draft RTS for CASPS appointing a central contact point under MLD4

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The European Banking Authority (EBA) has issued its final report on draft regulatory technical standards (RTS) amending Commission Delegated Regulation (EU) 2018/1108, on the criteria for the appointment of central contact...more

Blake, Cassels & Graydon LLP

The Shape of Things to Come: Regulatory Developments in Canadian Payments 2025

Regulatory updates to Canada’s payments ecosystem are reshaping operational risk, compliance obligations and commercial terms across the sector. From interest rate thresholds to anti-money laundering safeguards, there are...more

Paul Hastings LLP

GENIUS Act Momentum Meets Resistance as Congress Edges Closer to Market Structure Legislation

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Two significant legislative efforts took center stage this week, offering a clearer view of where Congress may be heading on crypto regulation. A revised version of the GENIUS Act, legislation to establish a federal framework...more

Walkers

Navigating fast-evolving fintech regulation takes deep experience and a client-centric approach

Walkers on

Active in the fintech landscape since 2017, the dedicated Walkers’ team are recognised as global leaders in this dynamic sector - Fluent in six important jurisdictions of choice, we take a jurisdiction agnostic approach,...more

Walkers

The BMA invites feedback on proposed Payment Services Provider regulatory framework

Walkers on

The Bermuda Monetary Authority ("BMA") proposes a new Payments Services Act ("PSA") to replace the Money Service Business Act 2016 to establish a clear, risk-based framework for Payment Service Providers ("PSPs") operating in...more

Mayer Brown

Credibly Challenged Podcast: Interview with Ross Delston, Financial Crime Compliance Expert and Former FDIC Attorney

Mayer Brown on

Matt Bisanz interviews Ross Delston, a financial crime compliance expert and former FDIC attorney. They discuss his views on the trends we should expect to see in financial crimefighting and AML compliance over the next few...more

Estlund Law, P.A.

Lyon, France- INTERPOL’s Newest Notice Is Silver (Part 3 of 3: President Trump Has A Crypto Business And He Disbanded The U.S....

Estlund Law, P.A. on

Our last 2 posts discussed INTERPOL’s new Silver Notices and how they relate to crypto, along with the current U.S. presidential administration’s reversal of crypto-related crime-fighting measures as the rest of the world...more

Estlund Law, P.A.

Lyon, France- INTERPOL’s New Notice Is Silver (Part 2 Of 3: The U.S. Softens Its Crypto Enforcement Mechanism)

Estlund Law, P.A. on

Our last post focused on INTERPOL’s newest notice, the Silver Notice. This new tool allows member countries to request information on assets linked to a person’s criminal activities such as fraud, corruption, drug...more

Lippes Mathias LLP

The Future of Monitorships

Lippes Mathias LLP on

In 2008, then-President Barack Obama famously said, “Elections have consequences.” Seventeen years later that statement is still true. A change in administration at either the federal or state government level ushers in new...more

Estlund Law, P.A.

Lyon, France- INTERPOL’s Newest Notice Is Silver (part 1 of 3)

Estlund Law, P.A. on

INTERPOL’s got a shiny new notice for its member countries. The organization states that the Silver Notice, first released in January 2025, will serve the purposes of...more

WilmerHale

The New German Government’s Agenda on Compliance

WilmerHale on

On May 5, 2025, the Christian Democratic Union of Germany (CDU) and the Christian Social Union (CSU) entered into a coalition agreement (Coalition Agreement) with the Social Democratic Party of Germany (SPD) (together with...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Financial Regulation Update

The first four months of 2025 proved busy for the UK’s financial regulators, with both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) publishing their strategy and business plan documents. As...more

Walkers

What you need to know about Bermuda new Digital Identity Service Provider Regime

Walkers on

A new licensing regime for digital identity service providers is to be introduced in Bermuda. The new licensing regime should pave the way for a smoother CDD journey for consumers, without compromising Bermuda's high...more

Thomas Fox - Compliance Evangelist

2 Gurus Talk Compliance: Episode 51 – The Compliance Week at 20 Edition

What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s...more

Sheppard Mullin Richter & Hampton LLP

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

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

A&O Shearman

EC adopts Delegated Regulation on RTS for supervisory colleges

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The European Commission (EC) has adopted a Delegated Regulation supplementing the Capital Requirements Directive IV (CRD IV), containing regulatory technical standards (RTS) specifying the general conditions for the...more

Carlton Fields

Recent SEC AML Enforcement Actions and Likely Continued AML Emphasis Under New Administration

Carlton Fields on

Registered investment advisers have until January 1, 2026, to comply with the anti-money laundering (AML) compliance provisions of the Bank Secrecy Act (BSA). However, the SEC has recently charged two investment advisers with...more

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