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1 week ago | 
openlegalblogarchive.org | Margaret Dale |Michael Hackett |William Komaroff |Joshua M. Newville |Todd J. Ohlms |Robert Pommer | +8 more
On May 12, 2025, the U.S. Department of Justice (DOJ) issued a memorandum outlining the Criminal Division’s enforcement priorities and policies for prosecuting corporate and white-collar crimes in the new Administration. Later that week, Matthew R. Galeotti, head of the DOJ’s Criminal Division, addressed the new policies in a speech at the SIFMA Anti-Money Laundering and Financial Crimes Conference.
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Dec 5, 2024 | 
jdsupra.com | Andrew Bettwy |Jeffrey Horwitz |Seetha Ramachandran
On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide injunction against enforcement of the Corporate Transparency Act (the “CTA”).
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Nov 1, 2024 | 
jdsupra.com | Andrew Bettwy |Jeffrey Horwitz |Seetha Ramachandran
The Corporate Transparency Act (the “CTA”) requires a range of entities, primarily smaller, otherwise unregulated companies, to file a report with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) identifying the entities’ beneficial owners—the persons who ultimately own or control the company—and provide similar identifying information about the persons who formed the entity.
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Apr 24, 2024 | 
lexology.com | Margaret Dale |Michael Hackett |Stephen Hibbard |William Komaroff |Timothy W. Mungovan |Dorothy Murray | +14 more
Big fund-raising rounds and high valuations have some wondering whether the AI sector is in a bubble in the nature of the dotcom boom. As of this writing, OpenAI is valued at over $80 billion; Amazon added another $2.75 billion to its investment in Anthropic; and even some very early-stage startups, like France-based Mistral AI, have racked up hundreds of millions in venture-capital funding at valuations over a billion dollars.
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Apr 4, 2024 | 
lexology.com | Margaret Dale |Michael Hackett |Stephen Hibbard |William Komaroff |Timothy W. Mungovan |Dorothy Murray | +15 more
2023’s excitement for generative artificial intelligence (AI) prompted the SEC to respond on multiple fronts – stump speeches, rulemaking, new exam priorities and sweeps and previewing potential enforcement actions. SEC Chair Gary Gensler raised concerns regarding potential conflicts and investor harm resulting from the proliferation of AI and warned that an AI-caused financial crisis is nearly unavoidable absent regulation.
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Apr 1, 2024 | 
lexology.com | Margaret Dale |Michael R. Hackett |Stephen Hibbard |William Komaroff |Timothy W. Mungovan |Dorothy Murray | +16 more
ESG continues to be a hot topic for 2024 for investors and regulators alike. The specific concerns investors and regulators have – and what they expect to develop over the coming months – differ, however, across jurisdictions, including because of the different maturity of existing regulation between the EU/UK and the US.
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Mar 6, 2024 | 
lexology.com | Andrew Bettwy |Stephanie Heilborn |Jeffrey Horwitz |Seetha Ramachandran |Robert Sutton |Yuval Tal | +1 more
On March 1, 2024, Judge Liles C. Burke of the U.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (the “CTA”) is unconstitutional[1], leaving its future uncertain. The CTA requires reporting companies to report to FinCEN information about their beneficial owners and company applicants and is intended to help prevent and combat money laundering, terrorist financing, tax fraud and other illicit activity.
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Jan 15, 2024 | 
mondaq.com | Jason Finger |Seetha Ramachandran
U.S. government agencies continue to take action against
cryptocurrency mixing services that enable cybercriminals to
obfuscate the trail of stolen proceeds on public blockchains
stemming from illicit cyber activity.
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Dec 28, 2023 | 
lexology.com | Andrew Bettwy |Ryan Blaney |Richard Corn |Martin Hamilton |Stephanie Heilborn |Jeffrey Horwitz | +5 more
In 2021, the Corporate Transparency Act (the “CTA”) was enacted into U.S. federal law as part of a multi‑national effort to rein in the use of entities to mask illegal activity. The CTA directs the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) to propose rules requiring certain types of entities to file a report identifying each entity’s beneficial owners as well as the natural persons who formed the entity, unless an exemption applies.
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Dec 21, 2023 | 
lexology.com | Jason Finger |Seetha Ramachandran
U.S. government agencies continue to take action against cryptocurrency mixing services that enable cybercriminals to obfuscate the trail of stolen proceeds on public blockchains stemming from illicit cyber activity.
