Kyle Hendrix

Nov 8, 2024 | mondaq.com | Betty Santangelo |Melissa Goldstein |Julian Wise |Kyle Hendrix

On Aug. 29, 2024, the Financial Crimes Enforcement Network ("FinCEN"), a bureau of the United States Department of the Treasury, issued a final rule ("Final Rule")1 extending anti-money laundering ("AML") requirements to persons involved in real estate closings and settlements.

Aug 19, 2024 | mondaq.com | Melissa Goldstein |Kyle Hendrix |Betty Santangelo |Noah Wright

On June 28, 2024, the US Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") issued a notice of proposed rulemaking that would amend existing anti-money laundering/countering the financing of terrorism ("AML/CFT") program1 regulations to require that financial institutions establish, implement and maintain effective, risk-based and reasonably designed AML/CFT programs with certain minimum components, including a mandatory risk assessment process (hereinafter,...

Aug 16, 2024 | srz.com | Betty Santangelo |Melissa Goldstein |Kyle Hendrix |Noah Wright

AlertsThe recently enacted Corporate Transparency Act (“CTA”) establishes mandatory federal reporting requirements for any legal entity registered with the secretary of state or any similar office.

Jun 13, 2024 | mondaq.com | Melissa Goldstein |Betty Santangelo |Kyle Hendrix |Jesse Weissman

On May 13, 2024, the US Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") and the Securities and Exchange Commission ("SEC") jointly issued a notice of proposed rulemaking ("CIP Proposed Rule") that would apply customer identification program ("CIP") obligations to investment advisers registered with the SEC ("RIAs") and exempt reporting advisers ("ERAs") (collectively, "Covered Advisers").1 The CIP Proposed Rule would require Covered Advisers, among other things,...

May 10, 2024 | mondaq.com | Betty Santangelo |Melissa Goldstein |Julian Wise |Kyle Hendrix

On Feb. 16, 2024, the Financial Crimes Enforcement Network ("FinCEN"), a bureau of the United States Department of the Treasury ("Treasury"), issued a notice of proposed rulemaking ("Proposed Rule")1 continuing the process of implementing regulations to combat illicit finance risks posed by abuse by some in the real estate market.