Michael Leotta

Jul 25, 2024 | jdsupra.com | David Cook |Zachary K. Goldman |Michael Leotta

On June 28, 2024, the US Department of the Treasury’s Financial Crimes Enforcement Network announced long-anticipated proposed rules on anti-money laundering and countering the financing of terrorism program effectiveness; this announcement was followed on July 19, 2024, with parallel proposed rulemakings by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation and the National Credit Union Administration.

Jul 24, 2024 | lexology.com | Michael Leotta |Zachary K. Goldman |David Cook |Monika R. Weisman |Sarah Manney

On June 28, 2024, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced long-anticipated proposed rules on anti-money laundering and countering the financing of terrorism (AML/CFT) program effectiveness; this announcement was followed on July 19, 2024, with parallel proposed rulemakings by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation and the National Credit Union Administration.1...

Jul 24, 2024 | wilmerhale.com | Michael Leotta |Zachary K. Goldman |David Cook |Monika R. Weisman |Sarah Manney

On June 28, 2024, the US Department of the Treasury’s Financial Crimes Enforcement Network announced long-anticipated proposed rules on anti-money laundering and countering the financing of terrorism program effectiveness; this announcement was followed on July 19, 2024, with parallel proposed rulemakings by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation and the National Credit Union Administration. READ THE FULL ALERT.

Apr 10, 2023 | jdsupra.com | Michael C. Dawson |Michael Leotta

This Article discusses the recent plea agreement between the United States and Danske Bank. It argues that the Department of Justice has advanced a new and evolving theory of liability for foreign banks that access the U.S. financial system through correspondent banking relationships.

Apr 5, 2023 | lexology.com | Michael C. Dawson |Michael Leotta

This Article discusses the recent plea agreement between the United States and Danske Bank. It argues that the Department of Justice has advanced a new and evolving theory of liability for foreign banks that access the U.S. financial system through correspondent banking relationships.