The newly proposed ILLICIT CASH Act would, for the first time, require shell companies to disclose their true owners to the U.S. Department of Treasury.
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Access CW Newsletters and CPE webcasts. REGISTER FOR LIMITED FREE ACCESS Already a Compliance Week member? SIGN IN2019-06-18T14:57:00Z By Joe Mont The United States seems poised to finally tackle issues surrounding shell companies and their often-opaque beneficial ownership structures.
2024-09-20T18:47:00Z By Aaron Nicodemus Historically, the Securities and Exchange Commission has fiercely protects the rights of retail investors, and is constantly churning out enforcement actions against investment advisers it alleges have defrauded and manipulated its customers. So, it was somewhat unusual that SEC issued an enforcement action this week that involved protecting the rights .
2024-09-20T17:44:00Z By CW Staff FINRA announced the election of Jennifer Szaro, chief compliance officer and a managing equity owner at XML Securities and its affiliated registered investment adviser, XML Financial Group, to its board of governors.
Load more articles2024-09-20T14:07:00Z By Ian Sherr The Federal Trade Commission took aim at the business models of some of the world’s largest companies, publishing a years-long study that decried technologies that have created “vast surveillance” networks that expose people to “a host of harms” and violate children’s privacy laws.
2024-09-18T16:43:00Z By Aaron Nicodemus The Federal Deposit Insurance Corporation proposed a new rule that would require banks to keep better deposit records on ownership of funds controlled by their financial technology partners.
2024-09-18T13:42:00Z By Aaron Nicodemus Federal banking regulators approved a new rule for bank mergers that will require additional scrutiny of mergers for antitrust issues for large and mid-sized banks.