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Firm News 1 result

Firm News | 6 min read | 01.02.24

Crowell & Moring Elects Seven New Partners, Promotes Four to Senior Counsel, and 26 to Counsel

Crowell & Moring elected seven lawyers to the firm’s partnership, effective January 1, 2024. The firm also promoted four lawyers to the position of senior counsel and 26 associates to the position of counsel.

Client Alerts 43 results

Client Alert | 5 min read | 04.03.24

FinCEN Requests Comments Regarding Possible Relaxation of Banks’ Customer Identification Program Requirements

On March 29, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), issued a “notice and request for information and comment” (“RFI”) seeking comments on the Bank Secrecy Act’s (“BSA”) customer identification program (“CIP”) rule. The CIP rule requires U.S. banks to collect a taxpayer identification number (“TIN”) from a U.S. person before opening a new account for that person. For individuals, this TIN will be a Social Security number (“SSN”).

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Client Alert | 5 min read | 10.03.23

FinCEN Proposes Delaying Some Beneficial Ownership Filing Deadlines and Releases Additional Guidance for Beneficial Ownership Information Reporting

In advance of the impending January 1, 2024 effective date for the U.S. Treasury Department, Financial Crimes Enforcement Network’s (“FinCEN’s”) beneficial ownership information (“BOI”) reporting requirements, FinCEN has proposed an extension of the reporting deadline for some reporting companies, and issued additional guidance regarding BOI reporting requirements, including a Small Entity Compliance Guide, a BOI Brochure, and supplementary Frequently Asked Questions (“FAQs”).

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Client Alert | 7 min read | 03.29.23

FinCEN Issues Guidance on the “Who, What, When” of Beneficial Ownership Information Reporting Requirements

On March 24, 2023, the Financial Crimes Enforcement Network (“FinCEN”) released much-anticipated public guidance materials regarding its new beneficial ownership information reporting requirements, which will take effect January 1, 2024, pursuant to a final rule promulgated by FinCEN on September 30, 2022 (the “BOI Final Rule”). 87 Fed. Reg. 59,498. The BOI Final Rule requires certain U.S. companies and foreign companies registered to do business in the U.S. to file reports with FinCEN that identify the entity’s beneficial owners and the persons who applied to create or register the entity. The BOI Final Rule implements the beneficial ownership information (“BOI”) reporting provisions of the Corporate Transparency Act (“CTA”), enacted by Congress as part of the Anti-Money Laundering Act of 2020 in the National Defense Authorization Act for Fiscal Year 2021.

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Press Coverage 4 results

Press Coverage | 03.01.22

Businesses Pull Russian Products In Response To The Invasion Of Ukraine. Should You Do The Same?

Inc. Magazine

Press Coverage | 02.05.21

Senators Relaunch Bid To End The Cuba Trade Embargo

Law360

Press Coverage | 04.06.20

Documentation Can Help Avoid Sanctions Compliance Scrutiny After COVID-19 Pandemic Ends, Trade Lawyer Says

Export Compliance Daily

Publications 4 results

Publication | 04.15.24

What FinCEN Proposed Customer ID Number Change Means

Law360

Publication | 07.11.23

Financial Crimes Enforcement Network Issues Guidance on the “Who, What, When” of Beneficial Ownership Information Reporting Requirements

The Banking Law Journal

Publication | 12.06.21

FinCEN and CFTC Announce $100 Million in Regulatory Settlements With Foreign Cryptocurrency Exchange for BSA Violations and Failures to Register

The Banking Law Journal

Events 3 results

Event | 04.08.24

ACI’s 24th National Forum on Prepaid Accounts Compliance

Nicole Sayegh Succar will be speaking on a panel at ACI’s 24th National Forum on Prepaid Accounts Compliance in New York on April 8th 2024. The panel will cover recent developments in AML & Sanctions and how lessons from those developments should inform compliance enhancements in the prepaid space and the fintech/payments space more generally.

Event | 09.28.23 - 09.29.23

ACI Women in AML & Sanctions Forum

This conference will provide a forum for women in AML and Sanctions to network, learn and engage to discuss the substantive developments, challenges and opportunities facing women in their respective industries as well as provide them with the business contacts and communication and leadership skills necessary for continued success and career advancement.

Event | 09.14.23, 5:30 PM EDT

Case Studies in Sanctions Evasion Techniques

The Association of Certified Sanctions Specialists (ACSS) New York Chapter invites you to join "Case Studies in Sanctions Evasion Techniques" hosted by Fordham University and sponsored by GeoComply.

Webinars 12 results

Webinar | 03.13.24, 10:00 AM EDT

Association of Certified Sanctions Specialists (ACSS) OFAC Essentials Online Certificate Course 2024

Nicole Succar will be leading the second virtual classroom "OFAC Risk Management and Enforcement" as part five of the seven part OFAC Essentials Certification Course by Association of Certified Sanctions Specialists (“ACSS”). This course is designed for entry and intermediate levels, with a focus on core lessons for US Sanctions compliance.

Webinar | 09.20.23, 10:00 AM EDT - 11:30 AM EDT

Association of Certified Sanctions Specialists (ACSS) OFAC Essentials Online Certificate Course

Nicole Succar, and other ACSS course instructors will be leading the second virtual classroom "OFAC Risk Management and Enforcement" as part five of the seven part OFAC Essentials Certification Course by ACSS. This course is designed for entry and intermediate levels, with a focus on core lessons for US Sanctions compliance.

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Webinar | 03.09.22, 11:00 AM EST - 12:00 PM EST

Analysis of the Evolving US Sanctions on Russia and the Impact on the Loan Market

Crowell & Moring’s sanctions team provides guidance on the rapidly-changing U.S. sanctions against Russia, including measures against various Russian banks and Russia’s central bank, National Wealth Fund, and Ministry of Finance, and how these new sanctions can arise in syndicated loans and other lending arrangements, and loan trading.

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