The AML Act of 2020 and FinCEN Notice of Proposed Rulemaking on Cryptocurrency
The AML Act of 2020 and FinCEN Notice of Proposed Rulemaking on Cryptocurrency

Our recent post highlighted areas to focus on as the Anti-Money Laundering (AML) Act of 2020 takes shape. One important provision of the Act deals with virtual currency and digital assets and could have potential far-reaching effects on the industry, …

The Corporate Transparency Act and Beneficial Ownership Requirements
The Corporate Transparency Act and Beneficial Ownership Requirements

Anonymous corporate structures designed to move and hide illicit wealth have long plagued the fight against money-laundering and counter-terrorist financing. Under the Bank Secrecy Act (BSA), enacted in 1970, financial institutions are required to report certain transaction activities and subjects …

FinCEN Final Rule
Preparing for the FinCEN Final Rule

The March 15 deadline for FinCEN’s final rule is fast approaching. Is your business prepared to comply with the new expectations? This blog highlights the key considerations to be aware of in evaluating your current due diligence program. Recognize AML …

Online payments friction
Will Online Friction Throw a Wrench in Holiday Shopping?

Ending Friction in the Online Experience As a result of the 2020 pandemic many consumers have turned to online shopping for everything from purchasing groceries and household staples to buying a car from another private party. As a result, alternative …