Site Search
Capabilities 3 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.
Practice Area
International trade is essential for the growth and development of global economies and businesses. As international trade has expanded and developed, so too have the myriad rules and regulations that govern it. The global compliance environment is becoming more complex by the day and can be difficult to navigate without the assistance of experienced counsel. Failure to comply with international trade rules and regulations—even if done so unwittingly—can lead to civil and criminal penalties, monitorships, consent agreements, debarment, reputational damage, substantial administrative burden, legal expense, and unsatisfied business objectives. Increasingly, there also is exposure for individual officers/directors, which can include monetary penalties and, potentially, jail time.
Practice Area
Financial Services Transactions & Regulatory
Winston’s attorneys routinely advise clients with respect to all major banking, FinTech, broker-dealer, investment adviser, and securities laws, and we bring considerable financial services regulatory experience to these matters. Our knowledge and experience enable us to represent clients effectively and efficiently in this current environment of change and evolution.
Insights & News 6 results
Client Alert
|May 12, 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.