Compliance

Euros hung with pins on clothesline

The CTA changes what constitutes beneficial ownership and establishes more robust automated data collection. In addition, it increases responsibilities and incentives for employees to blow the whistle on money-laundering activity. Fox Rothschild's Joshua Ashby and Kimberly Kwan discuss. With the New Year, the U.S. welcomed newly elected president Joe Biden....

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illustration of man under giant gavel

OFAC has brought two enforcement actions against digital currency services providers in as many months – the latest, against BitPay, should spur companies to develop risk-based sanctions compliance programs. Michael Volkov discusses the violations. The Treasury Department’s Office of Foreign Asset Control continues to focus enforcement activities on digital currency...

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The facade of the SEC in Washington, D.C.

The SEC's updated MD&A rules will bring about key changes in financial disclosures, streamlining existing disclosure requirements. In adopting final amendments to Regulation S-K on November 19, 2020, the Securities and Exchange Commission (SEC) took additional steps to streamline disclosure requirements relating to Management’s Discussion and Analysis (MD&A) and other...

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The Corporate Transparency Act (CTA) will require millions of U.S. businesses to provide beneficial ownership information to the federal government. Foley Hoag’s Luciano Racco weighs in on who’s impacted, along with the regulation’s value for AML and sanctions compliance programs. Buried within the 1,400-page National Defense Authorization Act for Fiscal...

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mini businessmen separated by COVID particles

GRC pros know that culture and compliance are inexorably linked. COVID has thrown a wrench in corporate culture, though (along with everything else). Calvin London opines about why re-establishing a culture of compliance now may prove difficult. (Non)Compliance in 2020 I, for one, was very glad to see the back...

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