Anti-Money Laundering (AML)

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On June 4, 2026, Crowell Partners Caroline Brown and Anand Sithian hosted the ACSS New York Chapter at the New York office for an in-person panel discussion titled “Renewed Focus on Cartels, Transnational Criminal Organizations, and Foreign Terrorist Organizations: Compliance Challenges for Financial Institutions and Multinationals.” The sold-out event brought together practitioners from the…

The American Conference Institute is hosting a Virtual AML & OFAC Conference for the Insurance Industry from January 19-20, 2022.

On January 19, 2022 at 12:30pm, Nicole Sayegh Succar, Counsel in Crowell & Moring’s New York Office, will be speaking on a panel with Matthew Saint, Group AML Officer/Deputy Group Chief Financial Crime Officer of…

In an order filed on November 10, 2021, the District Court for the Southern District of Texas granted a motion to dismiss an indictment finding that it lacked jurisdiction over Foreign Corrupt Practices Act (“FCPA”) and money laundering claims brought against Swiss resident and citizen Daisy T. Rafoi-Bleuler. Moreover, the court concluded that the FCPA…

On August 31, 2021, New York Governor Kathy Hochul announced the nomination of Adrienne Harris as the Superintendent of the New York Department of Financial Services – New York’s top financial regulator and a key regulator in the banking, anti-money laundering, fintech, insurance, and cryptocurrency spaces. Harris, whose nomination is still subject to confirmation, has…

On August 10, 2021, the Financial Crimes Enforcement Network (“FinCEN”) and the Commodity Futures Trading Commission (“CFTC”) jointly announced $100 million in civil settlements with five entities responsible for the operations of BitMEX, a foreign peer-to-peer convertible virtual currency (“CVC,” or cryptocurrency) derivatives exchange.  FinCEN said that the settlement represents FinCEN’s first enforcement action against…

Crowell & Moring’s Derek Hahn and Dj Wolff have co-authored the United States chapter of WorldECR’s Managing Investigations: Best Practice in Government and Internal Investigations. The guide provides information about investigatory authorities in 21 countries responsible for sanctions, export control, anti-corruption, and AML enforcement, and answers questions on related policies, procedures, and best practices…

On July 16, 2021, Secretary of the Treasury Janet Yellen announced that the President’s Working Group on Financial Markets (PWG), the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) would all convene to discuss interagency work on stablecoins this upcoming July 19. A stablecoin is a type of cryptocurrency…

On June 30, 2021, the Financial Crimes Enforcement Network (“FinCEN”) issued its first-ever Anti-Money Laundering and Countering the Financing of Terrorism National Priorities (the “Priorities”). FinCEN was required to do this by the Anti-Money Laundering Act of 2020 (“AMLA”), enacted on January 1, 2021, as part of the National Defense Authorization Act of 2021. FinCEN…

Thursday, May 6th / 12:00 PM – 1:30 PM EDT

US regulators have demonstrated that “check-the-box” screening is no longer sufficient for evaluating Bank Secrecy Act/Anti Money Laundering (BSA/AML) and sanctions compliance programs. The OCC, Federal Reserve, New York Department of Financial Services, and other major regulatory agencies have increased scrutiny on the effectiveness of…

On March 9, 2021, the Financial Crimes Enforcement Network (FinCEN) published its first Notice related to one of the many changes made in the Anti-Money Laundering Act of 2020 (the AML Act), passed as part of the National Defense Authorization Act for Fiscal Year 2021, which we wrote about here. FinCEN’s guidance informs financial…