Betty Santangelo Esq

Apr 12, 2024 | mondaq.com | Melissa Goldstein |Betty Santangelo Esq |Anna Maleva-Otto |Gregoire P. Devaney

On March 6, 2024, the US Department of the Treasury's Office of Foreign Assets Control ("OFAC"), the US Department of Justice ("DOJ") and the US Department of Commerce (collectively, the "Agencies") published their latest in a series of Tri-Seal Compliance Notes in which they emphasized that foreign-based persons have an obligation to comply with US sanctions and export controls.1 The Compliance Note does not reflect any policy change, but serves as a reminder that the Agencies have enforced...

Mar 13, 2024 | mondaq.com | Melissa Goldstein |Betty Santangelo Esq |Michael Didiuk |Jessica Romano

On March 1, 2024, Judge Liles C. Burke of the US District Court for the Northern District of Alabama found the Corporate Transparency Act ("CTA") unconstitutional. The CTA, which was enacted on Jan.

Jan 4, 2024 | mondaq.com | Betty Santangelo Esq |Melissa Goldstein |Kyle Hendrix

On Dec. 11, 2023, the US Department of the Treasury ("Treasury") issued a statement1 that it plans to release an updated notice of proposed rulemaking ("NPRM") prescribing anti-money laundering/counter terrorist financing ("AML/CFT") obligations for certain investment advisers in the first quarter of 2024.

Dec 6, 2023 | mondaq.com | Michael Didiuk |Melissa Goldstein |Betty Santangelo Esq |Jessica Romano

On Jan. 1, 2024 the beneficial ownership information reporting rule ("BOI Rule")1 implementing the Corporate Transparency Act ("CTA")2 will go into effect, requiring each domestic and foreign reporting company to file a beneficial ownership information report ("BOI Report") with the US Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN"). Under the BOI Rule, entities created or registered on or after Jan. 1, 2024 had 30 days to file a BOI Report.

Nov 21, 2023 | mondaq.com | Donald J Mosher |Betty Santangelo Esq |Melissa Goldstein |Kara Kuchar

On Nov.