Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
Money Service Businesses (MSBs) are defined in the United States as money transmitters under various federal and state laws and regulations. As such, the U.S. Financial Crimes Enforcement Network (FinCEN) requires that MSBs develop, implement, and maintain a risk-based anti-money laundering (AML) and combating the financing of terrorism (CFT) program. With the recent fallout of the cryptocurrency exchange FTX Inc., U.S. regulators are analyzing the compliance programs of MSBs to determine compliance with AML requirements, among other areas. Review this article, which explores best practices and AML/CTF compliance programs requirements, set forth by key MSB trade associations for businesses transacting in the United States.
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