Congress should strengthen disclosure requirements for crypto firms and expand regulators’ powers to prevent misuses of customers’ assets and mitigate conflicts of interest, officials say.
January 30, 2023Financial intermediaries will be required to monitor for and report financial activity and transactions suspected to be related to human trafficking.
September 25, 2022Reports released by the White House, Treasury, Commerce and DOJ will help ensure a coordinated and comprehensive approach to digital assets policy.
September 19, 2022Reporting entities will have to conduct customer due diligence on nominee directors and nominee general partners of companies, among other changes.
July 14, 2021The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.
January 28, 2021The bill allows firms to rely on KYC performed by third parties, strengthens correspondent banking protections, and promotes greater use of financial intelligence to combat financial crime.
March 12, 2020The bill allows reporting entities to rely on CDD procedures performed by a third party. Meanwhile, a bill to limit cash payments to A$10,000 nationwide passes the lower house.
October 28, 2019