Banking and Finance

Recent Posts

Changes Coming With Anti-Money Laundering Requirements
Posted on 31 Jan 2012 by Doug Cornelius

James H. Freis, Jr., Director of the Financial Crimes Enforcement Network, let us know that his agency is working on anti-money laundering requirements for investment advisers. At a November 15, 2011 speech at the American Bankers Association/American... Read More

FinCEN Proposes More Extensive Customer Due Diligence Obligations
Posted on 27 Aug 2014 by Ballard Spahr LLP

by Keith R. Fisher As part of the U.S. Treasury Department’s ongoing efforts to combat all forms of illicit financial activity, from terrorist financing and sanctions evasion to more traditional financial crimes (including money laundering, fraud... Read More

New Anti-Money Laundering Requirements for Non-Bank Mortgage Lenders and Originators
Posted on 9 Feb 2012 by Doug Cornelius

Private Equity has been siting on the fringes of Anti-money laundering regulation for many years. It's still illegal to be involved in money laundering and fund managers should be taking some steps to protect themselves and to identify problems... Read More

FinCEN Adopts Final Rule on Prepaid Access
Posted on 4 Aug 2011 by Ballard Spahr LLP

by the Consumer Financial Services Group The Financial Crimes Enforcement Network (FinCEN) has published in the Federal Register its long-awaited final rule on "prepaid access" (formerly known as "stored value"). The result was worth... Read More

Sutherland Alert: FinCEN Extends FBAR Filing Deadline for Certain Officers and Employees – Does This Portend Changes?
Posted on 7 Jun 2011 by Eversheds Sutherland LLP

by Carol Tello, Dwane Dupree, and Robb Chase On May 31, 2011, in FinCEN Notice 2011-1, the Department of Treasury's Financial Crimes Enforcement Network (FinCEN) extended the 2010 Report of Foreign Bank and Financial Accounts (FBAR) filing deadline... Read More

Tags: FBAR , FinCEN