Blogs
The CFPB’s New 1071 Rule
In the United States, financial institutions (FIs) are preparing to comply with new rule introduced by theConsumer Financial Protection Bureau(CFPB) has introduced a new rule, 12 C.F.R. Part 1002, implementing Section 1071 of the Dodd-Frank Act.
Understanding the New US Beneficial Ownership Reporting Requirements
Staying ahead of new financial regulations is not just a strategic advantage; it's a necessity. The Corporate Transparency Act (CTA) in the US has changed beneficial ownership requirements from January 1, 2024, and it’s vital to know how to respond.
Coming Down on Crypto: US Regulatory Priorities in 2023 & Beyond
United States financial regulators have, in recent years, cemented their standing as the most active out of all jurisdictions globally. In 2022 alone, the US issued$3 billionin enforcement fines to financial institutions (FIs), almost three quarters of the
How the US Regulatory Environment is Changing Beneficial Ownership
Money laundering and terrorist financing are increasing in sophistication across the world, especially as beneficial ownership has become more difficult to determine at speed. In the US legislators moved to make reforms and compel financial institutions (F
