As described in DWT's October 2021 post, the Corporate Transparency Act ("CTA"), enacted as part of the Anti-Money Laundering Act of 2020, establishes beneficial ownership reporting requirements for a broad range of entities...more
In a purported effort to close supposed loopholes that allow illicit actors to use corporate structures such as shell companies to hide their identities and launder their ill-gotten gains in or through the United States, the...more
The U.S. Treasury Department's (Treasury) September 16, 2022, release of the "Action Plan to Address Illicit Financing Risks of Digital Assets" was published in response to an Executive Order, "Ensuring Responsible...more
Following the White House's Digital Assets Executive Order from March 2022 (summarized here), our September 2022 update provides an in-depth look at select follow-up reports issued by the U.S. Department of Justice and the...more