Worldwide: Money Laundering

On July 23, 2025, Senators John Fetterman (D-PA), Chuck Grassley (R-IA), Sheldon Whitehouse (D-RI), Bill Cassidy (R-LA), Andy Kim (D-NJ), and David McCormick (R-PA), introduced the federal Art Market Integrity Act (the "Act").

On July 21, 2025, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced its intent to postpone the effective date...

The Trump Administration delaying anti-money laundering rules initiated by the Biden Administration has become a recurring theme for the compliance community.

It just got much riskier to do business in Mexico. On June 25, 2025, the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a novel set of orders finding...

On July 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it is delaying the effective date of the investment adviser anti-money laundering rule (IA AML Rule) for two years from 1 January 2026 to 1 January 2028.

The evolving U.S.-Mexico geopolitical relationship is now fundamentally burdened by the growing regulatory, enforcement, and real risks tied to cartel activity, drug trafficking and the fentanyl trade, immigration, and a rapidly changing tariff environment. Financial institutions and companies on both sides of the border are now having to address more complicated compliance risk management as U.S. authorities wield new authorities and target Mexican financial institutions.

On June 25, 2025, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury ("FinCEN") issued three orders (the "FinCEN Orders") targeting...

On June 25, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued its first orders under the FEND Off Fentanyl Act, targeting three Mexican financial institutions: CIBanco S.A. (CIBanco), Intercam Banco S.A. (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), for their alleged roles in the laundering of proceeds associated with illicit opioid manufacturing and trafficking, including of fentanyl (the FinCEN Orders).

On June 13, 2025, President Trump signed an Executive Order authorizing Nippon Steel's acquisition of United States Steel Corporation (U.S. Steel) pursuant to the transaction parties entering a National Security Agreement...