Nnedinma Ifudu Nweke

May 23, 2024 | mondaq.com | Ryan Fayhee |Nnedinma Ifudu Nweke |Jason Prince |Wynn Segall

On May 10, 2024, OFAC issued an IFR that would amend its Reporting, Procedures and Penalties Regulations (RPPR) at 31 C.F.R. Part 501 to, among other things, modify certain reporting requirements pertaining to blocked property and rejected transactions. Subject to any changes OFAC may make following a 30-day comment period, the proposed changes will become effective on August 8, 2024.

May 21, 2024 | jdsupra.com | Mahmoud Baki Fadlallah |Ryan Fayhee |Nnedinma Ifudu Nweke

Key Points On May 10, 2024, OFAC issued an IFR that would amend its Reporting, Procedures and Penalties Regulations (RPPR) at 31 C.F.R. Part 501 to, among other things, modify certain reporting requirements pertaining to blocked property and rejected transactions. Subject to any changes OFAC may make following a 30-day comment period, the proposed changes will become effective on August 8, 2024.

May 17, 2024 | jdsupra.com | Brian Daly |Nnedinma Ifudu Nweke |James C. Munsell

Key Points On May 13, 2024, the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a joint notice of proposed rulemaking, Customer Identification Programs for Registered Investment Advisers and Exempt Reporting Advisers (“Joint NPRM”), that would require SEC-registered investment advisers (“RIAs”) and exempt reporting advisers (“ERAs”) to establish, document and maintain written customer...