On September 30, 2022, the U.S. Financial Crimes Enforcement Network ("FinCEN") published its final rule implementing Section 6403 of the Corporate Transparency Act ("CTA").
On September 29, 2022, FinCEN issued a final rule (published in the Federal Register the next day) under the CTA requiring each "reporting company" (which includes both domestic.
In light of recent volatility in crypto markets and news of several crypto entities filing for bankruptcy, market participants are increasingly scrutinizing the credit of crypto intermediaries.
Since the start of the invasion of Ukraine by Russian forces on February 24, the U.S., UK, and the EU have led a global sanctions campaign against Russia that has been unprecedented in its speed, complexity, and global impact.