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Duane Morris LLP The Anti-Money Laundering Act of 2020 (AML Act) aims to lessen the compliance and regulatory burden of financial institutions, but it may instead do the opposite. Proskauer Rose LLP As the financial services industry prepares for expanded criminal and civil enforcement under the Bank Secrecy Act ("BSA") with the passage of the Anti-Money Laundering Act of 2020, FinCEN's recent... Seyfarth Shaw LLP President Biden campaigned on a platform that included a commitment to take dramatic action to address climate change; within a week of taking office in January 2021... Winston & S...

After three years of uncertainty over the Serious Fraud Office’s (“ SFO”) powers to obtain documents  located overseas, the UK Supreme Court has clarified the extraterritorial effect of the legislation facilitating that power domestically. The Supreme Court held that KBR, Inc., the U.S. engineering, procurement and construction company, was not required to provide the SFO with documents that were located overseas during a criminal investigation into its UK subsidiary, KBR Ltd. The overturning of the High Court’s decision is significant in that it negates the misplaced request made by...

Wednesday, February 24, 2021 After three years of uncertainty over the Serious Fraud Office’s (“ SFO”) powers to obtain documents  located overseas, the UK Supreme Court has clarified the extraterritorial effect of the legislation facilitating that power domestically. The Supreme Court held that KBR, Inc., the U.S. engineering, procurement and construction company, was not required to provide the SFO with documents that were located overseas during a criminal investigation into its UK subsidiary, KBR Ltd. The overturning of the High Court’s decision is significant in that i...

Americans living abroad face complicated tax laws, fraught portfolio decisions, and FACTA scrutiny. Their advisors can help.

Trump supporters boycott Bank of America for helping in Capitol riot investigation Josh Marcus The Daily Show's Jordan Klepper covers the Capitol Hill riots Trump supporters have announced they are boycotting the Bank of America after Fox News host Tucker Carlson reported on Thursday that the bank had turned over information on hundreds of accounts to federal authorities investigating the 6 January Capitol riots. “Bank of America is, without the knowledge or the consent of its customers, sharing private information with federal law enforcement agencies,” Mr Carlson said on...