Worldwide: Money Laundering

The Office of the Comptroller of the Currency's denial of Wise National Trust's bank charter application reveals critical regulatory expectations for financial institutions, particularly those seeking to operate as permitted payment stablecoin issuers. The decision highlights how deficiencies in anti-money laundering compliance, management expertise...

On July 23, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions targeting more than 50 Mexican individuals and entities allegedly linked...

Recent foreign terrorist organization designations of major cartels have created a new compliance landscape for companies operating in Latin America, layering Antiterrorism Act liability onto existing anti-corruption and sanctions frameworks. Well-intentioned business activities, from third-party relationships to routine payments, can now expose companies to material support claims through DOJ, Treasury and FinCEN enforcement actions. Understanding these heightened risks and building integrated, risk-based

The Federal Reserve has charted an independent course in revising anti-money laundering regulations for banks, notably excluding a key provision that would grant FinCEN oversight authority over enforcement actions. This divergence from the Treasury Department's unified regulatory approach raises critical questions about interagency coordination and the future of AML/CFT supervision. Governor Michael Barr's dissent highlights concerns about the undefined "significant or systemic" standard that will determine

FinCEN's updated Section 314(b) Fact Sheet clarifies that financial institutions may now share fraud-related information with other participating institutions under the USA PATRIOT Act's safe harbor protections. The guidance addresses long-standing concerns about confidentiality and scope, while confirming that information sharing extends to foreign financial institutions in certain circumstances and does not require identification of specific fraud proceeds.

Corporate domain name seizures are typically associated with online piracy, counterfeit luxury goods, or illegal pharmacies. However, a major enforcement action by federal authorities serves as a stark reminder...

The Corporate Transparency Act has undergone significant changes following FinCEN's March 2025 interim rule that exempted domestic U.S. companies from beneficial ownership reporting requirements.

Illinois has enacted comprehensive legislation establishing the state's first regulatory framework for daily fantasy sports operators.

In Actelion Pharmaceuticals Ltd. v. Mylan Pharmaceuticals Inc., No. 2024-1641 (Fed. Cir. May 13, 2026), the Federal Circuit held that a claimed chemical property or characteristic is construed as being determined...