On October 3, 2018, the Financial Crimes Enforcement Network (FinCEN), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, “the Agencies”) issued a statement addressing instances in which banks can collaborate with each other and share resources to manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently…

Join Us For A Complimentary Webinar – Thursday, October 25, 2018 – 12:00 – 1:00 PM ET Two years into the Trump Administration and: The Consumer Product Safety Commission now has a Republican majority, the Department of Transportation has released its 3.0 guidance on autonomous vehicles, NIST has published a 375-page recommendation on medical device security, the FTC is holding a series of hearings on the transformative nature of the digital transformation on markets. What does…

On September 28, 2018, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency (collectively the Federal Banking Agencies or FBAs), with the concurrence of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), issued an interagency order (the Order) exempting premium finance lenders from the requirements of the customer identification program (CIP) rules imposed by the Bank…

U.S. Iran Sanctions – All clear or are you confused about The EU Blocking Regulation? Worried about orders to go to high risk or dangerous areas such as Yemen, Libya, West Africa or Venezuela? Crowell & Moring Partner Michelle Linderman and Stephen Askins, Tatham Macinnes LLP, will look at the practical, legal and insurance implications of trading to these places. Event Information Date: October 18, 2018 Time: 11:30 AM – 1:00 PM EEST Location: Piraeus…

In 2015, the European Union adopted its Fourth Anti-Money Laundering Directive, which imposed on Member States the obligation to establish a register containing the details of the ultimate beneficial owners (UBOs) of corporate and other legal entities within the European Union (the so-called UBO register). By way of the Act of September 18, 2017, the UBO register became part of Belgian law, and a Royal Decree of July 30, 2018 now provides the required details…

After more than a year of negotiation, the United States, Mexico and Canada reached an agreement to update the North American Free Trade Agreement (NAFTA), which governed trade among the three nations. The new agreement may not go into effect until 2020 because leaders from the three countries must sign it and then Congress and the legislatures of Canada and Mexico must approve it – a process that will take months. The three NAFTA…