Search for: "BSA CORPORATION"
Results 1 - 20
of 183
Sort by Relevance
|
Sort by Date
19 Apr 2024, 9:27 am
Additionally, we’re pleased to welcome Afruz Sayah as an Associate and Stephanie Cepeda as a Paralegal for the Corporate and Transactional practice group. [read post]
9 Apr 2024, 2:49 pm
Individuals and corporate entities that qualify as U.S. persons under U.S. law are required to file Reports of Foreign Bank and Financial Accounts (FBAR) electronically on Financial Crimes Enforcement Network (FinCEN) Form 114 under the Bank Secrecy Act (BSA), to report: a financial interest in or signature or other authority over at least one financial account located outside the U.S., if the aggregate value of those foreign financial accounts exceeded $10,000 at any time during… [read post]
31 Mar 2024, 9:01 pm
Such indicators include those related to less than satisfactory ratings on the CRA, consumer compliance, UFIRS, or ROCA; BSA/AML violations; and failure to address corrective actions or multiple enforcement actions against an acquirer in a three-year period. [read post]
28 Mar 2024, 9:01 pm
FinCEN contemplates that the latter will be addressed through a forthcoming revision to the Customer Due Diligence (“CDD”) Rule, pursuant to the Corporate Transparency Act, which is expected by January 1, 2025. [read post]
27 Mar 2024, 11:52 am
When you file, you must file electronically on the BSA E-Filing System. [read post]
25 Mar 2024, 11:02 am
Like all other FBARs, your delinquent FBARs must be submitted online via the BSA E-Filing System. [read post]
22 Mar 2024, 10:48 am
First, “U.S. persons” is the specific term used by the IRS to refer to citizens, residents, domestic corporations, domestic LLCs, domestic partnerships, certain trusts, and estates other than foreign estates. [read post]
18 Mar 2024, 6:00 am
The article contrasts the LTA with the federal Corporate Transparency Act (CTA). [read post]
4 Mar 2024, 5:56 pm
The text of the Corporate Transparency Act may be accessed HERE. [read post]
29 Feb 2024, 7:00 am
The BSA provisions apply to “financial institutions,” which currently do not include investment advisers. [read post]
26 Feb 2024, 9:01 pm
These obligations historically have applied primarily to banks, broker-dealers and other similar financial institutions.2 The Proposed Rule is part of a broader overhaul to the U.S. anti-money laundering regime that includes the now-effective Corporate Transparency Act and upcoming rulemaking to enhance the Customer Due Diligence Rule (“CDD Rule”). [read post]
22 Feb 2024, 11:50 am
Under the rule, FIs may use BOI to fulfill CDD and other BSA-related requirements, but they may not use BOI for their general business or commercial activities. [read post]
16 Feb 2024, 6:18 am
FinCEN has proposed rules to include investment advisers within the BSA requirements twice before, most recently in 2015. [read post]
3 Jan 2024, 9:57 am
As of January 1, 2024, the Corporate Transparency Act (“CTA”) has gone into effect. [read post]
28 Dec 2023, 12:59 am
It was first created in 1970 as part of the Bank Secrecy Act (BSA). [read post]
8 Dec 2023, 9:06 am
In 2017, Zhongxing Telecommunications Equipment Corporation paid $100,871,266 in a settlement for 251violations of the Iranian Transactions and Sanctions Regulations. [read post]
2 Dec 2023, 10:40 am
’” If the 2nd Circuit’s interpretation of these two provisions were correct, the trustee warns, courts could grant sweeping relief under the guise of a bankruptcy plan – anything from post-conviction relief to corporate officers in prison to rewriting “a property settlement agreement in a divorce pending in state court, so long as it found such actions to be ‘appropriate’ in ensuring the debtor’s successful reorganization. [read post]
25 Sep 2023, 7:31 am
” A similar imbalance has been on display in congressional AI hearings more broadly and fuels concerns about whether Congress is being too deferential to corporate power in deciding on how to address AI. [read post]
27 Jun 2023, 8:27 am
As reported in a Hunton Client Alert last week, on June 6, 2023, the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Agencies”) issued final guidance on managing risks associated with third-party relationships, including relationships with fintechs (the “Final… [read post]
Anti-money Laundering — Evolving UK Landscape, Opinions on US Law Firm AML Rules, Ethics & Standards
8 Jun 2023, 7:02 am
The term “due diligence” carries with it known industry usage and standards, particularly in the context of the BSA. [read post]
