The Corporate Transparency Act (“CTA”) was signed by Congress back in January of 2021, but the Beneficial Ownership Information Reports (“BOI Reports”) were not required until January 1, 2024. Over the past six months,...more
The recent passage of H.R.7521, the Protecting Americans from Foreign Adversary Controlled Applications Act (the “Act”), by the House of Representatives aims to restrict TikTok to U.S. users unless the platform’s parent...more
4/16/2024
/ Data Collection ,
Data Privacy ,
Divestiture ,
Federal Bans ,
Federal Trade Commission (FTC) ,
Foreign Adversaries ,
General Data Protection Regulation (GDPR) ,
Mobile Apps ,
Pending Legislation ,
Personally Identifiable Information ,
Regulatory Agenda ,
Regulatory Reform ,
Social Media ,
TikTok
In 2021, Congress passed the Corporate Transparency Act (CTA), which will be administered and enforced by the Financial Crimes Enforcement Network (“FinCEN”) of the United States Treasury Department, in an effort to implement...more
3/15/2024
/ Beneficial Owner ,
Commerce Clause ,
Congressional Authority ,
Constitutional Challenges ,
Corporate Transparency Act ,
Disclosure Requirements ,
Financial Crimes ,
FinCEN ,
Lack of Authority ,
Limited Liability Company (LLC) ,
Reporting Requirements ,
U.S. Treasury
The U.S. Departments of Justice and Commerce, as well as the European Commission recently launched the EU-US Data Privacy Framework (“DPF”), marking a significant shift from the previous frameworks such as Safe Harbor and...more
3/15/2024
/ Data Privacy ,
Data Protection ,
Department of Justice (DOJ) ,
EU ,
EU-US Privacy Shield ,
European Commission ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Personal Data ,
Safe Harbors ,
U.S. Commerce Department
To crack down on money-laundering in the U.S. residential real estate market, the Financial Crimes Enforcement Network (“FinCEN”) has proposed new reporting requirements for certain real estate transactions. Specifically, the...more
2/23/2024
/ Anti-Money Laundering ,
BSA/AML ,
Corporate Transparency Act ,
Financial Crimes ,
Financial Regulatory Reform ,
FinCEN ,
Money Laundering ,
Popular ,
Proposed Rules ,
Real Estate Investments ,
Real Estate Market ,
Real Estate Transactions ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)