How Customers are Moving to the Frontline in FinCrime Compliance
Financial crimes compliance has historically been solely the realm of banks and financial institutions. Sujata Dasgupta discusses how and why ...
Tag: banks
Understanding Consumer Credit Reporting Obligations: Metro 2, E-OSCAR and New Tougher FCRA/CFPB Compliance
OVERVIEW Understand your potential legal risk and compliance obligations with respect to consumer credit reporting. Many financial institutions which furnish ...
Between Scylla and Charybdis: Chinese Banks Navigate PRC Secrecy Laws and US Subpoenas
Wendy Wysong and team discuss a recent U.S. court ruling that reinforces the well-understood rule that non-U.S. banks with branches ...
Assessing the Risks Associated with Cannabis-Based Businesses in the U.S. and Canada
The federal government still prohibits banks from doing business with cannabis-based businesses, leading banks to miss out on a green ...
How Shell Companies Might be Circumventing FinCEN’s Beneficial Ownership Rule
FinCEN issued the final rule on customer due diligence on the heels of the Panama Papers scandal, and we’re now ...
Uncovering the Data and Compliance Issues Banks Face Today
Advancements in technology have transformed the horizon of financial services, but these innovations are also raising challenges of their own ...
5MLD – So, How Well Do You Really Know Your Customers?
With Europe’s fifth AML directive set for implementation in a matter of months, banks should be preparing now. Opus’ Kelvin ...
NYDFS Cybersecurity Requirements Are Now Fully Mandatory – Are You Ready?
The NYDFS cybersecurity requirements for financial services companies must be implemented this year, and one final phase remains. Are you ...
Substantial Support from State Attorneys General on Identity Theft Rules
In February, 31 State Attorneys signed a letter endorsing the identify theft rules and acknowledging the need for more secure ...
Using the New NYDFS Cybersecurity Regulation to “Lock the Data Vault” for Financial Institutions
The New York Department of Financial Services (NYDFS) requires all regulated entities to adopt the core requirements of a cybersecurity ...
Has the Road to Settlement Gotten Bumpier?
The Banking Royal Commission (BRC) focused its attention on Australian banks when investigating misconduct in the financial services industry, but ...
Best of 2018: Top Banking Regulations & Security Compliance Requirements
As 2018 draws to a close, we’re taking a look back at some of the most valuable insights our authors ...
- Shuang Chen, et al. October 21, 2019SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
- Philip R. Jacoby, et al. October 17, 2019SEC Obtains Final Judgment Against Former Executive Charged with Lying to Auditors
- Michael J. Starkweather and Andiamo Corporation, William White October 17, 2019SEC Charges Microcap Company and Two Former Chief Executive Officers with Securities Violations
