As discussed in our February 4, 2022 client alert and our December 15, 2022 client alert, certain legal entities are now subject to new reporting requirements in the United States about their beneficial ownership pursuant to...more
INTRODUCTION -
On September 29, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule (the “Final Rule”) implementing the beneficial ownership and company applicant information reporting...more
Securities class action case filings plunged in 2021 compared to the number of similar cases filed in 2020. According to Cornerstone Research’s 2021 Year in Review report, there were 218 securities class action cases filed...more
The Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury, published a Notice of Proposed Rulemaking (the “Proposed Rules”) on December 8, 2021 in the Federal Register. The...more
2/8/2022
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Financial Crimes ,
FinCEN ,
Holding Companies ,
National Security ,
NDAA ,
NPRM ,
Public Comment ,
Reporting Requirements ,
Startups
U.S. capital markets are beginning to experience the effects of the passage of the Holding Foreign Companies Accountable Act (HFCAA). Amid continuing tensions between the United States and China, then-President Trump signed...more
On November 17, 2020, the United States Securities and Exchange Commission (SEC) adopted amendments to Rule 302(b) of Regulation S-T and the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) Filer Manual...more
The United States Senate passed S. 945, the “Holding Foreign Companies Accountable Act” (the HFCAA), by unanimous consent on May 20, 2020. The HFCAA was first introduced in the Senate on March 28, 2019 by Senator John...more