Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by A. Seth Atkisson
Federal District Court in Alabama Declares CTA Unconstitutional; DOJ Appeals to 11th Circuit; FinCEN Requires Continued Compliance | JD Supra
On March 1, 2024, a federal judge in the U.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (“CTA”) is unconstitutional.
FinCEN Proposes Rule to Target High Risk Residential Real Estate Transfers | JD Supra
On February 7, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a proposed rule that would extend reporting and recordkeeping requirements to persons involved in real estate closings and settlements in residential real estate throughout the United States – without a dollar threshold -- where the transferee is a legal entity or trust, subject to certain exclusions.
FinCEN Proposes Rule to Extend Bank Secrecy Act Obligations to Certain Investment Advisers | JD Supra
The Proposed Rule Would Subject Certain Investment Advisers to a Broad Range of AML/CFT Obligations and Represents a Significant Development for the Sector Regulators have long considered the lack of anti-money laundering (“AML”) and countering the financing of terrorism (“CFT”) regulations applicable to investment advisors to be a vulnerability in the U.S. Bank Secrecy Act (“BSA”)/AML regime.
Bank Failures May Raise CFIUS Issues | JD Supra
Companies need to be aware of filing requirements before taking foreign money On March 14, 2023, after a week of three bank failures that marked the largest such crisis since 2008, policymakers continued seeking private buyers and working to stem any contagion by backstopping deposits.
U.S. Outbound Investment Review Regime Moving Forward | JD Supra
New program may prohibit some U.S. investments in China On March 3, 2023, the U.S. Departments of the Treasury (“Treasury”) and Commerce (“Commerce”) delivered to Congress separate confidential reports that confirm the Biden Administration is moving forward with establishing a regulatory system to screen outbound U.S. investments in advanced technologies that could pose national security risks.
Treasury Publishes First-Ever CFIUS Enforcement and Penalty Guidance | JD Supra
Publication indicates a more robust enforcement posture On October 20, 2022, the U.S. Department of the Treasury (“Treasury”) released the first-ever Enforcement and Penalty Guidelines (the “Guidelines”) for the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”).
FinCEN Issues Final Rule for Beneficial Ownership Regulations | JD Supra
Implementation of Beneficial Ownership Reporting Obligations; Expanded CDD Rule Forthcoming On September 29, 2022, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a final rule implementing the Beneficial Ownership Information Reporting Requirements (the “BOI Rule”),1 pursuant to the Corporate Transparency Act (“CTA”). As discussed in our previous client alerts,2 the passage of the William M.
FinCEN Requests Comments on Beneficial Ownership Reporting Requirement; FinCEN’s Request For Information Moves U.S. Towards Modernization Of BSA/AML Regime | King & Spalding - JDSupra
The United States Department of the Treasury (“Treasury”) is taking further action to combat corruption, money laundering, terrorist financing, tax fraud, and other illicit activities.
OFAC Puts Virtual Currency Industry On Notice | JD Supra
Guidance Demonstrates OFAC’s Expectations for Sanctions Compliance by Cryptocurrency Industry On October 15, 2021, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury published Sanctions Compliance Guidance for the Virtual Currency Industry (the “Guidance”).
FATF Releases Proposed Updates to Cryptocurrency Regulation Guidance | JD Supra
On March 19, 2021, the Financial Action Task Force (“FATF”), an intergovernmental body tasked with setting international standards aimed at preventing money laundering and terrorist financing (“FATF Standards”), released its Draft Updated Guidance For a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (the “Guidance”), which is an update to guidance released in 2019.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with A. Seth
Contact A. Seth, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack