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 …