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Capabilities 4 results
Industry
Winston’s financial crimes compliance lawyers have been providing regulatory compliance counseling and enforcement services related to the Bank Secrecy Act (BSA), the Anti-Money Laundering Act of 2020 (AML), and countering the financing of terrorism (CFT) policy for decades. We also have experience with international AML matters, including in the EU and with respect to Financial Actions Task Force (FATF) recommendations.
Industry
The financial services landscape is undergoing rapid and unprecedented transformation—driven by technological innovation, evolving market dynamics, and a shifting regulatory climate. Winston & Strawn is uniquely positioned to help clients not only adapt to these changes, but to anticipate what’s next.
Practice Area
Financial Innovation & Regulation
Winston’s Financial Innovation & Regulation attorneys routinely counsel financial services, digital assets, and other clients on complex banking, crypto, FinTech, consumer financial, and securities matters. Many of our team members previously held positions as in-house counsel at global financial institutions and served in positions at government agencies, which gives us considerable experience in helping our clients obtain innovative, effective, and efficient solutions.
Insights & News 6 results
Client Alert
|May 13, 2025
|4 Min Read
Recent Administration Actions Implicating Financial Inclusion Could Impact Financial Institutions
In the absence of active enforcement by federal banking regulators, many financial institutions are choosing this moment to take a second look at their compliance policies and procedures. Recent administrative actions implicating access to financial services may particularly require financial institutions to reevaluate their Consumer Due Diligence (CDD) procedures and Consumer Identification Program (CIP).
Client Alert
|September 9, 2024
|7 Min Read
On August 8, 2024, the federal banking agencies—the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the Banking Agencies)—caused to be published in the Federal Register their jointly issued notice of proposed rulemaking (NPRM) for a proposed rule that would revise each of the Banking Agencies’ long-standing program rules for anti–money laundering and countering the financing of terrorism (AML/CFT) for the depository institutions that each agency supervises.[1]
Speaking Engagement
|April 9, 2024
Winston & Strawn partner Carl Fornaris was a panelist on Strafford’s “Corporate Transparency Act’s Impact on Banking: Ensuring Compliance; Interplay With Know Your Client Due Diligence Rules” on April 9, 2024.