The Corporate Transparency Act's (CTA) Final Rule has been enacted. Beginning on January 1, 2024, the CTA will be enforceable against all reporting companies, beneficial owners, and applicants. Attorneys, accountants, bankers, and financial consultants […]
A little over two months ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity […]
The Corporate Transparency Act (“CTA”) establishes uniform beneficial ownership information reporting requirements for certain types of entities created in or registered to do business in the United States. As part of this legislation, the […]
A little over two months ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity […]
On January 1, 2021, Congress passed the Corporate Transparency Act ("CTA"), which set out to bring the United States' reporting requirements for corporations in line with the rest of the world for purposes of combating money laundering […]
A little over two months ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity […]
About six weeks ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity Crisis […]
Click here to read Jeff Novel's February recap highlighting several notable developments in banking, fintech and crypto that those working in the financial services industry should know about.
The first month of 2023 is already over. Click here to read Jeff Novel's recap highlighting several notable developments in banking, fintech and crypto that those working in the financial services industry should know about.
The advent of the digital era has not only popularized online transactions but has also led to the development of virtual currencies to expedite business transactions. The Financial Action Task Force, an independent intergovernmental body, defines virtual […]
As revelations regarding the collapse of the FTX Cryptocurrency Exchange come to light, the United States District Court for the District of New Hampshire has issued an opinion that hints at increased regulation of cryptocurrencies through […]
In September, the Department of Justice ("DOJ") announced the "first ever" False Claims Act ("FCA") settlement with a Paycheck Protection Program ("PPP") lender. Under the settlement, a lender agreed to pay $18 […]