FinCEN Acting Director Discusses Potential for AML Rules for Investment Advisers
FinCEN discusses possibility for AML regulations for investment advisers.
May 25, 2022
Tags: AML, FinCEN, Private Funds, Treasury Department
Treasury is poised to revisit its 2015 proposal that would impose certain anti-money laundering requirements on advisers, following a Biden Administration report outlining a strategy to combat corruption and related crimes.
December 15, 2021
Tags: AML, Private Funds, Treasury Department
Biden Extends Prohibitions on Investments in Chinese Military Companies
President Biden has extended for one year two executive orders that impose limits on investments by U.S. persons in certain Chinese companies.
November 29, 2021
Tags: OFAC, Treasury Department
Biden Expands Prohibitions on Investments in China to Include Chinese Surveillance Technology Firms
President Biden has amended an executive order issued under the Trump administration that imposed limits on U.S. persons investing in Chinese military companies. The earlier executive order was discussed in...
June 09, 2021
Tags: OFAC, Treasury Department
OFAC has issued new guidance in connection with the prohibitions on transactions in securities of Communist Chinese Military Companies (CCMCs), discussed previously in IAA Today. General License No. 1B, which replaces...
June 02, 2021
Tags: OFAC, Treasury Department
OFAC Removes Limits on Financial Transactions with Sudan
OFAC has updated its regulations to remove limits on financial transactions with the Government of Sudan and Sudanese nationals. This follows rescission by the Secretary of State of the designation...
May 26, 2021
Tags: AML, OFAC, Treasury Department
After Court Order, OFAC Issues FAQ Regarding Luokung Technology Corp.
OFAC has issued an FAQ in connection with sanctions on “Communist Chinese Military Companies.” These sanctions, discussed in earlier IAA Today reports, prohibit U.S. investors from investing in publicly traded...
May 12, 2021
Tags: Treasury Department
Sen. Warren Questions Treasury’s Yellen about SIFI Designations for Asset Managers
During a recent Senate Banking Committee hearing, Sen. Elizabeth Warren (D-Mass.) pressed Treasury Secretary Janet Yellen on whether large asset managers should be designated as “systemically important financial institutions,” or...
March 26, 2021
Tags: FSOC, Systemic Risk, Treasury Department
Update to Executive Order on Investments in Chinese Military Companies and New Guidance
In his final week in office, former President Trump issued amendments to an executive order that prohibits U.S. investors from investing in publicly traded securities of, securities that are derivative...
February 02, 2021
Tags: Treasury Department
OFAC, SEC Issue Guidance Related to Executive Order on Investments in Chinese Military Companies
OFAC has issued several frequently asked questions (FAQs) related to an executive order, discussed in an earlier IAA Today report, that prohibits U.S. investors from investing in publicly traded securities of, securities that are derivative...
January 12, 2021
Tags: OCIE, ETFs, Mutual Funds, SEC Examinations, Treasury Department